Leeward Investments LLC MA Trims Stock Holdings in Performance Food Group Company $PFGC

Leeward Investments LLC MA reduced its stake in Performance Food Group Company (NYSE:PFGC) by 15.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 186,269 shares of the food distribution company’s stock after selling 34,304 shares during the period. Leeward Investments LLC MA’s holdings in Performance Food Group were worth $16,293,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PFGC. AlphaQuest LLC lifted its position in shares of Performance Food Group by 658.0% during the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock worth $33,000 after purchasing an additional 329 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Performance Food Group during the first quarter worth about $44,000. SVB Wealth LLC acquired a new stake in shares of Performance Food Group during the first quarter worth about $59,000. Signaturefd LLC lifted its position in shares of Performance Food Group by 60.9% during the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company’s stock worth $65,000 after purchasing an additional 314 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of Performance Food Group by 353.5% during the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company’s stock worth $71,000 after purchasing an additional 707 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PFGC has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 13th. Sanford C. Bernstein began coverage on shares of Performance Food Group in a research report on Wednesday. They set an “outperform” rating and a $130.00 price target on the stock. Piper Sandler upgraded shares of Performance Food Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $90.00 to $114.00 in a research note on Tuesday, September 2nd. Guggenheim restated 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, Barclays cut their target price on shares of Performance Food Group from $120.00 to $118.00 and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $112.45.

Insiders Place Their Bets

In other news, insider Hugh Patrick Hatcher sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.07, for a total value of $525,350.00. Following the completion of the sale, the insider directly owned 47,655 shares of the company’s stock, valued at approximately $5,007,110.85. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald S. Bulmer sold 4,348 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total value of $437,060.96. Following the completion of the sale, the insider directly owned 58,526 shares of the company’s stock, valued at $5,883,033.52. The trade was a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,768 shares of company stock valued at $4,373,921. 4.50% of the stock is owned by company insiders.

Performance Food Group Stock Performance

Shares of PFGC opened at $100.25 on Friday. The stock has a 50 day moving average price of $102.79 and a 200 day moving average price of $93.45. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 1.13 and a beta of 1.09. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $109.05.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research analysts predict that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

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.