Citadel Advisors LLC lessened its holdings in Performance Food Group Company (NYSE:PFGC) by 17.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,338,914 shares of the restaurant operator’s stock after selling 275,015 shares during the period. Citadel Advisors LLC owned approximately 1.29% of Performance Food Group worth $37,823,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of PFGC. SG Americas Securities LLC purchased a new stake in shares of Performance Food Group during the 2nd quarter worth $118,000. Public Employees Retirement System of Ohio lifted its position in shares of Performance Food Group by 37.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 1,247 shares during the last quarter. Strs Ohio lifted its position in shares of Performance Food Group by 4,700.0% during the 3rd quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock worth $135,000 after purchasing an additional 4,700 shares during the last quarter. Pacad Investment Ltd. lifted its position in shares of Performance Food Group by 880.0% during the 2nd quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after purchasing an additional 4,400 shares during the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Performance Food Group during the 2nd quarter worth $141,000. 82.16% of the stock is owned by institutional investors.
Shares of Performance Food Group Company (NYSE PFGC) traded up $0.80 during trading hours on Monday, reaching $29.05. 430,200 shares of the company traded hands, compared to its average volume of 788,034. Performance Food Group Company has a 12-month low of $19.95 and a 12-month high of $29.90. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.55 and a quick ratio of 0.80. The firm has a market cap of $3,039.73, a price-to-earnings ratio of 22.18, a P/E/G ratio of 1.11 and a beta of -0.28.
Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period last year, the business earned $0.20 EPS. Performance Food Group’s revenue for the quarter was up 7.9% compared to the same quarter last year. research analysts anticipate that Performance Food Group Company will post 1.45 EPS for the current fiscal year.
Several research firms have recently issued reports on PFGC. BidaskClub raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Performance Food Group in a research report on Thursday, August 17th. Royal Bank Of Canada set a $27.00 price objective on shares of Performance Food Group and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Morgan Stanley lifted their price objective on shares of Performance Food Group from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 13th. Finally, TheStreet raised shares of Performance Food Group from a “c” rating to a “b-” rating in a research report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Performance Food Group presently has a consensus rating of “Buy” and an average target price of $30.88.
In other Performance Food Group news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of Performance Food Group stock in a transaction on Monday, September 18th. The shares were sold at an average price of $28.25, for a total value of $141,250,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Craig Howard Hoskins sold 4,450 shares of Performance Food Group stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.81, for a total transaction of $123,754.50. Following the completion of the transaction, the insider now owns 175,993 shares in the company, valued at $4,894,365.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,004,450 shares of company stock worth $281,523,755. 3.70% of the stock is currently owned by company insiders.
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Performance Food Group Company Profile
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.
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