Mainstream Capital Management LLC Acquires Shares of 1,237 Performance Food Group (NYSE:PFGC)

Mainstream Capital Management LLC acquired a new stake in Performance Food Group (NYSE:PFGC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,237 shares of the food distribution company’s stock, valued at approximately $105,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Performance Food Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock valued at $298,794,000 after acquiring an additional 401,235 shares in the last quarter. Aigen Investment Management LP grew its stake in shares of Performance Food Group by 56.1% in the third quarter. Aigen Investment Management LP now owns 16,974 shares of the food distribution company’s stock valued at $1,330,000 after acquiring an additional 6,099 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Performance Food Group in the third quarter valued at about $2,772,000. State Street Corp grew its stake in shares of Performance Food Group by 2.2% in the third quarter. State Street Corp now owns 4,596,105 shares of the food distribution company’s stock valued at $360,197,000 after acquiring an additional 97,069 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Performance Food Group by 134.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock valued at $54,665,000 after acquiring an additional 371,078 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays decreased their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Melius Research upgraded shares of Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. UBS Group increased 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 note on Thursday, November 7th. Truist Financial increased 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 note on Friday, November 8th. Finally, StockNews.com downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.73.

Insider Activity at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 172,372 shares in the company, valued at $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

Performance Food Group Stock Down 2.6 %

PFGC stock opened at $82.94 on Tuesday. The stock has a market capitalization of $12.96 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The firm has a 50-day moving average price of $86.27 and a 200-day moving average price of $82.88.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 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%. As a group, equities research analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.

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.