Leeward Investments LLC MA lowered its stake in Performance Food Group Company (NYSE:PFGC – Free Report) by 15.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 186,269 shares of the food distribution company’s stock after selling 34,304 shares during the quarter. Leeward Investments LLC MA owned 0.12% of Performance Food Group worth $16,293,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Spirepoint Private Client LLC grew its stake in Performance Food Group by 2.7% in the 2nd quarter. Spirepoint Private Client LLC now owns 7,082 shares of the food distribution company’s stock valued at $619,000 after acquiring an additional 184 shares during the period. CWM LLC grew its stake in Performance Food Group by 8.6% in the 1st quarter. CWM LLC now owns 2,332 shares of the food distribution company’s stock valued at $183,000 after acquiring an additional 185 shares during the period. Valeo Financial Advisors LLC grew its stake in Performance Food Group by 6.9% in the 1st quarter. Valeo Financial Advisors LLC now owns 3,260 shares of the food distribution company’s stock valued at $256,000 after acquiring an additional 209 shares during the period. Hsbc Holdings PLC grew its stake in Performance Food Group by 8.7% in the 1st quarter. Hsbc Holdings PLC now owns 2,837 shares of the food distribution company’s stock valued at $222,000 after acquiring an additional 227 shares during the period. Finally, HighTower Advisors LLC grew its stake in Performance Food Group by 2.7% in the 1st quarter. HighTower Advisors LLC now owns 9,291 shares of the food distribution company’s stock valued at $731,000 after acquiring an additional 244 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on PFGC. Wall Street Zen cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Piper Sandler raised shares of Performance Food Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $90.00 to $114.00 in a research note on Tuesday, September 2nd. Sanford C. Bernstein began coverage on shares of Performance Food Group in a research note on Wednesday. They set an “outperform” rating and a $130.00 target price on the stock. Guggenheim reaffirmed a “buy” rating and set a $115.00 target price on shares of Performance Food Group in a research note on Tuesday, August 26th. Finally, Morgan Stanley lifted their target price on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.45.
Insider Activity
In other news, insider Donald S. Bulmer sold 4,348 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $437,060.96. Following the transaction, the insider owned 58,526 shares of the company’s stock, valued at approximately $5,883,033.52. The trade was a 6.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Hugh Patrick Hatcher sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total transaction of $525,350.00. Following the transaction, the insider directly owned 47,655 shares in the company, valued at approximately $5,007,110.85. The trade was a 9.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,768 shares of company stock worth $4,373,921. 4.50% of the stock is owned by insiders.
Performance Food Group Trading Down 1.5%
Shares of PFGC stock opened at $100.25 on Friday. The company’s 50-day moving average price is $102.79 and its 200-day moving average price is $93.45. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 1.13 and a beta of 1.09. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05.
Performance Food Group (NYSE:PFGC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current year.
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.
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