Mainstream Capital Management LLC Makes New $105,000 Investment in Performance Food Group (NYSE:PFGC)

Mainstream Capital Management LLC purchased a new position in shares of Performance Food Group (NYSE:PFGC) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,237 shares of the food distribution company’s stock, valued at approximately $105,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Performance Food Group by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,221,325 shares of the food distribution company’s stock worth $103,263,000 after purchasing an additional 26,925 shares during the last quarter. Chase Investment Counsel Corp bought a new position in Performance Food Group during the 4th quarter worth approximately $3,309,000. Mutual of America Capital Management LLC raised its holdings in Performance Food Group by 12.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 147,784 shares of the food distribution company’s stock worth $12,495,000 after purchasing an additional 16,306 shares during the last quarter. GW&K Investment Management LLC raised its holdings in Performance Food Group by 0.9% during the 4th quarter. GW&K Investment Management LLC now owns 1,366,259 shares of the food distribution company’s stock worth $115,517,000 after purchasing an additional 12,777 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Performance Food Group during the 4th quarter worth approximately $2,087,000. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Performance

NYSE PFGC opened at $82.94 on Tuesday. The company has a fifty day simple moving average of $86.27 and a 200 day simple moving average of $82.88. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The company has a market cap of $12.96 billion, a P/E ratio of 33.44, a PEG ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. Sell-side analysts predict that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on PFGC. Barclays reduced their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Morgan Stanley raised their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. UBS Group raised their price objective on shares of Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial raised their price objective on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets raised their price objective on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $95.73.

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.