Leeward Investments LLC MA Sells 10,328 Shares of Performance Food Group Company (NYSE:PFGC)

Leeward Investments LLC MA lessened its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 220,573 shares of the food distribution company's stock after selling 10,328 shares during the period. Performance Food Group comprises about 0.9% of Leeward Investments LLC MA's holdings, making the stock its 27th largest holding. Leeward Investments LLC MA owned approximately 0.14% of Performance Food Group worth $17,344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PFGC. Norges Bank bought a new stake in Performance Food Group in the fourth quarter valued at approximately $164,471,000. Junto Capital Management LP raised its holdings in Performance Food Group by 419.9% during the 4th quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company's stock valued at $118,884,000 after buying an additional 1,135,641 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Performance Food Group by 30.9% during the 4th quarter. Point72 Asset Management L.P. now owns 2,111,242 shares of the food distribution company's stock valued at $178,506,000 after buying an additional 498,554 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Performance Food Group during the 4th quarter valued at $35,250,000. Finally, Assenagon Asset Management S.A. raised its holdings in Performance Food Group by 55.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,003,697 shares of the food distribution company's stock valued at $78,921,000 after buying an additional 357,153 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Insider Buying and Selling at Performance Food Group

In related news, insider Craig Howard Hoskins sold 19,113 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $87.55, for a total transaction of $1,673,343.15. Following the completion of the transaction, the insider owned 152,293 shares of the company's stock, valued at $13,333,252.15. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erika T. Davis sold 8,200 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $89.72, for a total value of $735,704.00. Following the transaction, the insider directly owned 46,722 shares of the company's stock, valued at approximately $4,191,897.84. This trade represents a 14.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,972 shares of company stock worth $5,964,073 over the last three months. Company insiders own 2.80% of the company's stock.

Performance Food Group Stock Up 0.8%

PFGC traded up $0.68 during trading on Friday, reaching $88.87. The stock had a trading volume of 353,739 shares, compared to its average volume of 1,088,852. The stock's 50 day moving average is $86.17 and its two-hundred day moving average is $83.54. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 37.03, a P/E/G ratio of 1.25 and a beta of 1.15. Performance Food Group Company has a one year low of $61.60 and a one year high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The firm's revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. As a group, analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PFGC has been the subject of several recent analyst reports. Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the company an "overweight" rating in a research note on Thursday, May 29th. Morgan Stanley upped their price target on Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Citigroup initiated coverage on Performance Food Group in a research report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price target for the company. UBS Group upped their price target on Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, Barclays upped their target price on Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $100.08.

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.