Performance Food Group (NYSE:PFGC) Shares Acquired by Leeward Investments LLC MA

Leeward Investments LLC MA increased its position in Performance Food Group (NYSE:PFGC) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,805 shares of the food distribution company’s stock after buying an additional 33,839 shares during the quarter. Leeward Investments LLC MA owned about 0.18% of Performance Food Group worth $19,003,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. DAVENPORT & Co LLC boosted its position in shares of Performance Food Group by 21.4% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,990 shares of the food distribution company’s stock valued at $470,000 after purchasing an additional 1,410 shares during the period. Oak Thistle LLC acquired a new position in shares of Performance Food Group in the 3rd quarter valued at $1,068,000. Raymond James & Associates boosted its position in shares of Performance Food Group by 15.5% in the 3rd quarter. Raymond James & Associates now owns 191,955 shares of the food distribution company’s stock valued at $11,298,000 after purchasing an additional 25,715 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Performance Food Group during the 3rd quarter worth about $203,000. Finally, Stratos Wealth Partners LTD. boosted its position in Performance Food Group by 46.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,441 shares of the food distribution company’s stock worth $497,000 after acquiring an additional 2,670 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Stock Down 0.1 %

PFGC opened at $68.84 on Friday. Performance Food Group has a fifty-two week low of $52.92 and a fifty-two week high of $78.54. The business has a 50-day moving average of $73.64 and a 200-day moving average of $68.40. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.71 and a quick ratio of 0.75. The company has a market capitalization of $10.71 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. The firm had revenue of $14.30 billion for the quarter, compared to analysts’ expectations of $14.20 billion. During the same period last year, the business earned $0.83 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts forecast that Performance Food Group will post 4.26 EPS for the current fiscal year.

Analyst Ratings Changes

PFGC has been the subject of a number of research reports. StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Stephens raised their price objective on Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Barclays raised their price objective on Performance Food Group from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Morgan Stanley raised their price objective on Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. Finally, BMO Capital Markets raised their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

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.