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

Leeward Investments LLC MA decreased its holdings in Performance Food Group Company (NYSE:PFGC - Free Report) by 4.5% during the first quarter, according to the company in its most recent disclosure 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 quarter. Performance Food Group accounts for about 0.9% of Leeward Investments LLC MA's investment portfolio, making the stock its 27th largest position. Leeward Investments LLC MA owned approximately 0.14% of Performance Food Group worth $17,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new position in shares of Performance Food Group in the fourth quarter worth approximately $26,000. CENTRAL TRUST Co boosted its holdings in shares of Performance Food Group by 476.5% in the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after buying an additional 405 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Performance Food Group by 203.7% in the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after buying an additional 334 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of Performance Food Group by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock worth $66,000 after buying an additional 226 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Performance Food Group by 353.5% in the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock worth $71,000 after buying an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Price Performance

PFGC traded up $0.68 during trading hours on Friday, hitting $88.87. The company's stock had a trading volume of 353,739 shares, compared to its average volume of 1,088,852. The business's 50-day moving average price is $86.17 and its 200-day moving average price is $83.54. Performance Food Group Company has a 12 month low of $61.60 and a 12 month high of $92.44. The stock has a market cap 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. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 1.49.

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

Insider Activity

In other Performance Food Group news, insider A Brent King sold 12,866 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $90.02, for a total transaction of $1,158,197.32. Following the transaction, the insider owned 60,952 shares in the company, valued at $5,486,899.04. The trade was a 17.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Craig Howard Hoskins sold 19,113 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $87.55, for a total transaction of $1,673,343.15. Following the transaction, the insider owned 152,293 shares in the company, valued at $13,333,252.15. This trade represents a 11.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,972 shares of company stock worth $5,964,073. 2.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Morgan Stanley lifted their price target on shares of Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Wall Street Zen downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Barclays lifted their price target on shares of Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Performance Food Group currently has an average rating of "Moderate Buy" and an average 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.