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

Mutual of America Capital Management LLC reduced its holdings in shares of Performance Food Group (NYSE:PFGC) by 5.3% in the fourth quarter, HoldingsChannel reports. The fund owned 96,148 shares of the food distribution company’s stock after selling 5,344 shares during the period. Mutual of America Capital Management LLC’s holdings in Performance Food Group were worth $6,649,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Performance Food Group by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 15,929,544 shares of the food distribution company’s stock valued at $937,613,000 after purchasing an additional 107,449 shares in the last quarter. BlackRock Inc. increased its stake in Performance Food Group by 0.3% during the 1st quarter. BlackRock Inc. now owns 13,608,782 shares of the food distribution company’s stock valued at $821,154,000 after purchasing an additional 44,032 shares in the last quarter. Wellington Management Group LLP increased its stake in Performance Food Group by 11.3% during the 1st quarter. Wellington Management Group LLP now owns 13,298,661 shares of the food distribution company’s stock valued at $677,034,000 after purchasing an additional 1,349,095 shares in the last quarter. FMR LLC increased its stake in Performance Food Group by 0.8% during the 3rd quarter. FMR LLC now owns 12,441,763 shares of the food distribution company’s stock valued at $732,322,000 after purchasing an additional 98,756 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in Performance Food Group by 16.1% during the 3rd quarter. Clearbridge Investments LLC now owns 6,348,695 shares of the food distribution company’s stock valued at $373,684,000 after purchasing an additional 879,232 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Stock Performance

PFGC opened at $69.22 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.05. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 1.01 and a beta of 1.38. The company’s 50 day moving average is $74.42 and its 200 day moving average is $67.59. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $78.54.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The business had revenue of $14.30 billion during the quarter, compared to analysts’ expectations of $14.20 billion. Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. On average, equities research analysts predict that Performance Food Group will post 4.26 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday. Stephens lifted their price target on shares of Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Barclays lifted their price target on shares of Performance Food Group from $78.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets lifted their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Performance Food Group 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.