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

Mutual of America Capital Management LLC boosted its position in Performance Food Group (NYSE:PFGC) by 47.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,478 shares of the food distribution company’s stock after buying an additional 42,383 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of Performance Food Group worth $10,304,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PFGC. Vaughan Nelson Investment Management L.P. grew its position in shares of Performance Food Group by 11.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 560,816 shares of the food distribution company’s stock valued at $43,952,000 after purchasing an additional 55,445 shares during the last quarter. Natixis Advisors LLC boosted its stake in Performance Food Group by 14.2% during the 3rd quarter. Natixis Advisors LLC now owns 221,544 shares of the food distribution company’s stock valued at $17,363,000 after purchasing an additional 27,586 shares during the period. CIBC Asset Management Inc grew its holdings in Performance Food Group by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock valued at $354,000 after buying an additional 139 shares during the last quarter. Curi RMB Capital LLC acquired a new stake in Performance Food Group in the 3rd quarter valued at approximately $375,000. Finally, Zions Bancorporation N.A. increased its position in Performance Food Group by 19.0% in the 3rd quarter. Zions Bancorporation N.A. now owns 29,466 shares of the food distribution company’s stock worth $2,309,000 after buying an additional 4,712 shares during the period. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

NYSE:PFGC opened at $83.20 on Monday. The firm has a market capitalization of $12.96 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 0.90 and a beta of 1.44. 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 12-month low of $61.29 and a 12-month high of $89.00. The firm has a 50-day moving average price of $80.06 and a 200 day moving average price of $72.76.

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

Insider Buying and Selling at Performance Food Group

In other news, Director Kimberly Grant sold 4,000 shares of Performance Food Group stock in a transaction that occurred 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 in the company, valued at approximately $749,644.24. The trade was a 28.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott E. Mcpherson sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $74.64, for a total value of $1,866,000.00. Following the completion of the transaction, the insider now directly owns 149,863 shares in the company, valued at $11,185,774.32. The trade was a 14.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,000 shares of company stock valued at $2,756,920. 2.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PFGC has been the subject of several research reports. Morgan Stanley reissued an “equal weight” rating and issued a $92.00 price objective on shares of Performance Food Group in a research report on Monday, October 28th. Truist Financial increased their price target on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company raised their price target on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Jefferies Financial Group upped their price objective 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. Finally, Guggenheim lifted their target price 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus target price of $94.50.

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.