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

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

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Performance Food Group in the 3rd quarter valued at approximately $26,000. Venturi Wealth Management LLC boosted its holdings in shares of Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after buying an additional 274 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $42,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after buying an additional 239 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Stock Up 2.9 %

PFGC opened at $85.22 on Friday. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The company 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 stock has a fifty day moving average of $86.29 and a 200-day moving average of $82.63.

Performance Food Group (NYSE:PFGC) last posted its earnings results 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 return on equity of 16.58% and a net margin of 0.64%. On average, equities analysts expect that Performance Food Group will post 4.58 EPS for the current year.

Insider Transactions at Performance Food Group

In related 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 value of $1,733,961.60. Following the transaction, the insider now owns 172,372 shares in the company, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Morgan Stanley increased 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. StockNews.com downgraded Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and cut their price target for the company from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Melius began coverage on Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.