Leeward Investments LLC MA Has $19.52 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

Leeward Investments LLC MA lowered its position in shares of Performance Food Group (NYSE:PFGC) by 6.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 230,901 shares of the food distribution company’s stock after selling 17,199 shares during the quarter. Leeward Investments LLC MA owned about 0.15% of Performance Food Group worth $19,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in shares of Performance Food Group by 3.2% during the third quarter. CIBC Asset Management Inc now owns 4,514 shares of the food distribution company’s stock worth $354,000 after buying an additional 139 shares in the last quarter. Creative Planning lifted its holdings in shares of Performance Food Group by 1.2% during the third quarter. Creative Planning now owns 11,684 shares of the food distribution company’s stock worth $916,000 after buying an additional 140 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Performance Food Group by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company’s stock worth $329,000 after buying an additional 142 shares in the last quarter. Highland Capital Management LLC lifted its holdings in shares of Performance Food Group by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company’s stock worth $246,000 after buying an additional 183 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after buying an additional 212 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PFGC shares. BMO Capital Markets lifted their target price on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. UBS Group raised their price target on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Morgan Stanley raised their price target on 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. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Finally, Guggenheim raised their price target on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average target price of $95.73.

Performance Food Group Stock Performance

Performance Food Group stock opened at $81.76 on Friday. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. 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 business’s 50-day moving average price is $86.57 and its two-hundred day moving average price is $82.12. The stock has a market cap of $12.77 billion, a PE ratio of 32.97, a P/E/G ratio of 0.96 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) 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, analysts expect that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

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.