Leeward Investments LLC MA Sells 39,076 Shares of Performance Food Group (NYSE:PFGC)

Leeward Investments LLC MA cut its position in shares of Performance Food Group (NYSE:PFGC) by 14.2% during the first quarter, HoldingsChannel.com reports. The firm owned 235,729 shares of the food distribution company’s stock after selling 39,076 shares during the period. Leeward Investments LLC MA’s holdings in Performance Food Group were worth $17,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. HighTower Advisors LLC increased its holdings in Performance Food Group by 21.8% in the 3rd quarter. HighTower Advisors LLC now owns 5,231 shares of the food distribution company’s stock valued at $306,000 after buying an additional 936 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Performance Food Group during the 3rd quarter valued at about $127,000. Mariner LLC increased its stake in Performance Food Group by 3.6% in the third quarter. Mariner LLC now owns 12,222 shares of the food distribution company’s stock valued at $719,000 after acquiring an additional 424 shares during the period. Stifel Financial Corp raised its position in Performance Food Group by 6.1% in the third quarter. Stifel Financial Corp now owns 44,953 shares of the food distribution company’s stock worth $2,646,000 after purchasing an additional 2,595 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in Performance Food Group by 4.4% in the third quarter. Federated Hermes Inc. now owns 20,070 shares of the food distribution company’s stock worth $1,181,000 after purchasing an additional 839 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Price Performance

NYSE PFGC traded down $0.17 during trading hours on Thursday, reaching $64.39. 995,390 shares of the company’s stock were exchanged, compared to its average volume of 1,114,869. The firm has a fifty day moving average of $69.11 and a 200-day moving average of $71.26. Performance Food Group has a one year low of $52.92 and a one year high of $78.54. The stock has a market cap of $10.02 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.42. The company has a current ratio of 1.64, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, May 8th. The food distribution company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03). Performance Food Group had a return on equity of 16.22% and a net margin of 0.72%. The business had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.10 billion. During the same quarter in the previous year, the company posted $0.83 EPS. Performance Food Group’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts predict that Performance Food Group will post 4.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PFGC. Barclays lowered their price objective on Performance Food Group from $86.00 to $84.00 and set an “overweight” rating on the stock in a research note on Thursday, May 9th. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Finally, Morgan Stanley lifted their price objective on Performance Food Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.14.

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.