Mutual of America Capital Management LLC Has $10.30 Million Position in Performance Food Group (NYSE:PFGC)

Mutual of America Capital Management LLC boosted its position in shares of Performance Food Group (NYSE:PFGC) by 47.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 131,478 shares of the food distribution company’s stock after purchasing an additional 42,383 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Performance Food Group were worth $10,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after buying an additional 242 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Performance Food Group during the 3rd quarter worth $26,000. Innealta Capital LLC acquired a new position in shares of Performance Food Group in the 2nd quarter valued at $30,000. Venturi Wealth Management LLC lifted its stake in shares of Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after purchasing an additional 274 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of Performance Food Group by 414.8% during the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after purchasing an additional 365 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on PFGC. Truist Financial increased their target price on Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group increased their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Morgan Stanley restated an “equal weight” rating and set a $92.00 price objective on shares of Performance Food Group in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Performance Food Group from $93.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Barclays boosted their price target on shares of Performance Food Group from $88.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $94.50.

Performance Food Group Trading Down 3.0 %

Shares of NYSE:PFGC opened at $83.20 on Monday. The firm has a market cap of $12.96 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 0.90 and a beta of 1.44. Performance Food Group has a 12 month low of $61.29 and a 12 month high of $89.00. The company’s fifty day simple moving average is $80.06 and its 200 day simple moving average is $72.76. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.15 EPS. As a group, research analysts forecast that Performance Food Group will post 4.71 EPS for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In related news, Director Kimberly Grant sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total value of $294,440.00. Following the completion of the transaction, the director now owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. This trade represents a 28.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick T. Hagerty sold 8,000 shares of Performance Food Group stock in a transaction on Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the completion of the sale, the insider now owns 162,987 shares in the company, valued at $12,152,310.72. The trade was a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,000 shares of company stock worth $2,756,920. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Company Profile

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.