Mutual of America Capital Management LLC Increases Stake in Performance Food Group (NYSE:PFGC)

Mutual of America Capital Management LLC increased its holdings in shares of Performance Food Group (NYSE:PFGC) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,784 shares of the food distribution company’s stock after buying an additional 16,306 shares during the period. Mutual of America Capital Management LLC owned about 0.09% of Performance Food Group worth $12,495,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PFGC. GW&K Investment Management LLC increased its position in shares of Performance Food Group by 0.9% in the 4th quarter. GW&K Investment Management LLC now owns 1,366,259 shares of the food distribution company’s stock valued at $115,517,000 after purchasing an additional 12,777 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $2,087,000. Oppenheimer Asset Management Inc. increased its position in shares of Performance Food Group by 2.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 56,222 shares of the food distribution company’s stock valued at $4,754,000 after purchasing an additional 1,257 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $2,075,000. Finally, TimesSquare Capital Management LLC increased its position in shares of Performance Food Group by 658.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 460,105 shares of the food distribution company’s stock valued at $38,902,000 after purchasing an additional 399,430 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PFGC shares. Piper Sandler downgraded shares of Performance Food Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $92.00 to $90.00 in a research report on Friday, February 7th. UBS Group increased their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley increased their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Barclays dropped their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, BMO Capital Markets increased their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Stock Up 2.9 %

Shares of NYSE:PFGC opened at $85.22 on Friday. The stock has a market cap of $13.31 billion, a P/E ratio of 34.36, a P/E/G ratio of 0.96 and a beta of 1.44. The firm has a fifty day moving average price of $86.29 and a 200 day moving average price of $82.73. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. Sell-side analysts predict that Performance Food Group will post 4.58 EPS for the current year.

Insider Activity

In other news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the sale, the insider now owns 172,372 shares of the company’s stock, valued at $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.