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

Mutual of America Capital Management LLC raised its stake in Performance Food Group (NYSE:PFGC - Free Report) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 147,784 shares of the food distribution company's stock after acquiring 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 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PFGC. FMR LLC increased its stake in Performance Food Group by 26.3% in the third quarter. FMR LLC now owns 13,312,402 shares of the food distribution company's stock valued at $1,043,293,000 after purchasing an additional 2,773,547 shares in the last quarter. State Street Corp raised its holdings in Performance Food Group by 2.2% during the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company's stock worth $360,197,000 after acquiring an additional 97,069 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after purchasing an additional 401,235 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of Performance Food Group by 32.0% in the 3rd quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company's stock valued at $234,174,000 after purchasing an additional 724,094 shares during the period. Finally, Geode Capital Management LLC raised its stake in Performance Food Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,587,054 shares of the food distribution company's stock valued at $202,803,000 after acquiring an additional 36,385 shares during the period. Institutional investors own 96.87% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have weighed in on PFGC. Barclays lowered their price objective on 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. BMO Capital Markets boosted their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Truist Financial upped their price target on Performance Food Group from $88.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Guggenheim increased their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.73.

Insider Buying and Selling

In related news, insider Craig Howard Hoskins sold 20,496 shares of the company's 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 completion of the sale, the insider now directly owns 172,372 shares of the company's stock, valued at $14,582,671.20. This represents a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

Performance Food Group Stock Performance

Shares of PFGC stock traded down $0.18 during trading hours on Wednesday, reaching $81.42. The company had a trading volume of 963,801 shares, compared to its average volume of 1,175,445. The business has a fifty day moving average price of $86.12 and a 200-day moving average price of $82.92. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The firm has a market cap of $12.72 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) 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 earnings per share for the current fiscal year.

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.