Performance Food Group (NYSE:PFGC) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 47.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,478 shares of the food distribution company's stock after buying an additional 42,383 shares during the period. Mutual of America Capital Management LLC owned about 0.08% of Performance Food Group worth $10,304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PFGC. Blue Trust Inc. boosted its holdings in Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock valued at $26,000 after purchasing an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Performance Food Group during the 3rd quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in shares of Performance Food Group during the 2nd quarter worth approximately $30,000. Venturi Wealth Management LLC boosted its stake in shares of Performance Food Group by 203.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock worth $32,000 after acquiring an additional 274 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock worth $36,000 after acquiring an additional 365 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PFGC has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Performance Food Group from $93.00 to $94.00 and gave the stock a "buy" rating in a research note on Thursday, August 15th. Guggenheim lifted their price objective on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Barclays lifted their price objective on Performance Food Group from $88.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Truist Financial lifted their price objective on Performance Food Group from $88.00 to $101.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $94.27.

Performance Food Group Trading Up 0.3 %

Shares of PFGC stock traded up $0.28 on Monday, reaching $83.48. 909,143 shares of the stock were exchanged, compared to its average volume of 1,030,498. The firm has a 50 day moving average of $80.06 and a two-hundred day moving average of $72.79. 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 has a 1-year low of $61.40 and a 1-year high of $89.00. The stock has a market cap of $13.01 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 0.90 and a beta of 1.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The business had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $15.22 billion. During the same period last year, the company posted $1.15 earnings per share. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. On average, research analysts anticipate that Performance Food Group will post 4.71 EPS for the current year.

Insider Buying and Selling at Performance Food Group

In other news, insider Scott E. Mcpherson sold 25,000 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $74.64, for a total value of $1,866,000.00. Following the sale, the insider now owns 149,863 shares in the company, valued at approximately $11,185,774.32. This represents a 14.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Patrick T. Hagerty sold 8,000 shares of the company's stock in a transaction dated 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 approximately $12,152,310.72. This trade represents a 4.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock valued at $2,756,920 in the last ninety days. 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.