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

Leeward Investments LLC MA reduced its stake in Performance Food Group (NYSE:PFGC) by 6.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 230,901 shares of the food distribution company’s stock after selling 17,199 shares during the period. Leeward Investments LLC MA’s holdings in Performance Food Group were worth $19,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after acquiring an additional 242 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Performance Food Group in the third quarter worth approximately $26,000. Venturi Wealth Management LLC lifted its stake in shares of Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after acquiring an additional 274 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Performance Food Group in the fourth quarter worth approximately $42,000. Finally, V Square Quantitative Management LLC lifted its stake in shares of Performance Food Group by 51.4% in the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock worth $60,000 after acquiring an additional 239 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PFGC has been the topic of several recent analyst reports. Guggenheim boosted their price target on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler lowered Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Melius started coverage on Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price on the stock. Truist Financial upped their target price on Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, StockNews.com lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Trading Down 3.3 %

Shares of Performance Food Group stock opened at $81.76 on Friday. The stock has a fifty day simple moving average of $86.57 and a 200 day simple moving average of $82.12. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a market capitalization of $12.77 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. On average, sell-side analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the transaction, the insider now owns 172,372 shares in the company, valued at $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.80% of the company’s stock.

About Performance Food Group

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.