Performance Food Group Company $PFGC Stock Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its position in shares of Performance Food Group Company (NYSE:PFGC) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 256,237 shares of the food distribution company’s stock after selling 10,844 shares during the quarter. Performance Food Group accounts for approximately 1.2% of Leeward Investments LLC MA’s investment portfolio, making the stock its 18th biggest holding. Leeward Investments LLC MA’s holdings in Performance Food Group were worth $23,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Performance Food Group during the second quarter valued at approximately $1,576,983,000. Corient Private Wealth LP bought a new position in Performance Food Group in the 2nd quarter valued at $3,533,000. Engineers Gate Manager LP grew its stake in Performance Food Group by 77.2% in the 2nd quarter. Engineers Gate Manager LP now owns 384,143 shares of the food distribution company’s stock valued at $42,943,000 after purchasing an additional 167,361 shares during the period. Hsbc Holdings PLC increased its position in shares of Performance Food Group by 30.9% during the 4th quarter. Hsbc Holdings PLC now owns 48,951 shares of the food distribution company’s stock valued at $4,408,000 after purchasing an additional 11,569 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Performance Food Group during the 2nd quarter worth $7,460,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PFGC. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $133.00 price objective on shares of Performance Food Group in a report on Thursday, August 13th. Morgan Stanley lifted their price objective on shares of Performance Food Group from $131.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Weiss Ratings cut shares of Performance Food Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. Guggenheim increased their target price on shares of Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Wells Fargo & Company increased their target price on shares of Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.00.

Insiders Place Their Bets

In other news, insider Chasity D. Grosh sold 1,005 shares of Performance Food Group stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $92.40, for a total value of $92,862.00. Following the completion of the transaction, the insider owned 5,783 shares in the company, valued at $534,349.20. This trade represents a 14.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider A. King sold 1,320 shares of Performance Food Group stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total transaction of $138,982.80. Following the completion of the transaction, the insider owned 44,216 shares of the company’s stock, valued at $4,655,502.64. The trade was a 2.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 41,459 shares of company stock worth $4,317,917 in the last ninety days. 2.10% of the stock is owned by corporate insiders.

Performance Food Group Stock Performance

Shares of PFGC opened at $94.63 on Monday. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $117.47. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. The stock’s fifty day moving average price is $96.39 and its two-hundred day moving average price is $99.97. The firm has a market cap of $14.91 billion, a PE ratio of 41.33, a PEG ratio of 1.22 and a beta of 0.87.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%. The firm had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. On average, equities research analysts forecast that Performance Food Group Company will post 5.58 EPS for the current year.

About Performance Food Group

Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.