Leeward Investments LLC MA Increases Stock Holdings in Performance Food Group Company $PFGC

Leeward Investments LLC MA increased its position in Performance Food Group Company (NYSE:PFGC) by 52.5% in the first quarter, Holdings Channel.com reports. The fund owned 275,068 shares of the food distribution company’s stock after acquiring an additional 94,644 shares during the quarter. Performance Food Group makes up about 1.2% of Leeward Investments LLC MA’s holdings, making the stock its 16th biggest holding. Leeward Investments LLC MA’s holdings in Performance Food Group were worth $23,562,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PFGC. Norges Bank bought a new stake in Performance Food Group during the 4th quarter worth approximately $208,170,000. Wellington Management Group LLP boosted its holdings in Performance Food Group by 46.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after purchasing an additional 1,964,799 shares during the period. Invesco Ltd. grew its position in shares of Performance Food Group by 79.1% during the 3rd quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock valued at $275,400,000 after purchasing an additional 1,168,869 shares in the last quarter. Eminence Capital LP grew its position in shares of Performance Food Group by 60.5% during the 4th quarter. Eminence Capital LP now owns 2,647,353 shares of the food distribution company’s stock valued at $238,050,000 after purchasing an additional 998,249 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Performance Food Group in the fourth quarter worth $81,020,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling at Performance Food Group

In other news, insider A Brent King sold 6,111 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $105.00, for a total value of $641,655.00. Following the completion of the sale, the insider directly owned 44,260 shares in the company, valued at approximately $4,647,300. The trade was a 12.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kimberly Grant sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total transaction of $237,500.00. Following the completion of the sale, the director directly owned 11,935 shares of the company’s stock, valued at $1,133,825. This trade represents a 17.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,592 shares of company stock valued at $2,741,865. 4.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PFGC. Citigroup lifted their price objective on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Barclays lifted their price target on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 target price on shares of Performance Food Group in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $119.00.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $104.53 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $16.42 billion, a PE ratio of 49.78, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. The business’s 50-day moving average price is $95.39 and its 200-day moving average price is $92.73. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $109.05.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $16.29 billion during the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.Performance Food Group’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. Sell-side analysts forecast that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.