Oppenheimer Asset Management Inc. Acquires 1,257 Shares of Performance Food Group (NYSE:PFGC)

Oppenheimer Asset Management Inc. raised its holdings in Performance Food Group (NYSE:PFGC) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,222 shares of the food distribution company’s stock after acquiring an additional 1,257 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Performance Food Group were worth $4,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Performance Food Group during the fourth quarter valued at about $2,075,000. TimesSquare Capital Management LLC lifted its stake in Performance Food Group by 658.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 460,105 shares of the food distribution company’s stock valued at $38,902,000 after buying an additional 399,430 shares during the period. Convergence Investment Partners LLC acquired a new position in Performance Food Group in the fourth quarter valued at approximately $404,000. Truist Financial Corp increased its holdings in shares of Performance Food Group by 3.4% during the fourth quarter. Truist Financial Corp now owns 73,291 shares of the food distribution company’s stock valued at $6,197,000 after acquiring an additional 2,382 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Performance Food Group by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 4,761 shares of the food distribution company’s stock valued at $403,000 after acquiring an additional 247 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $85.22 on Friday. The firm has a market capitalization of $13.31 billion, a P/E ratio of 34.36, a P/E/G ratio of 0.96 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The stock’s 50-day simple moving average is $86.29 and its two-hundred day simple moving average is $82.63. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley boosted their price objective on Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Guggenheim upped their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group upped their price target on Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Melius started coverage on Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price target on the stock. Finally, Barclays dropped their price objective on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.73.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares of the company’s stock, valued at $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by insiders.

About Performance Food Group

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.