December 1, 2016 - By Pete Kolinski · 0 Comments
Pinnacle Foods Inc (NYSE:PF) institutional sentiment increased to 1.34 in Q2 2016. Its up 0.24, from 1.1 in 2016Q1. The ratio is better, as 139 active investment managers opened new or increased equity positions, while 126 sold and reduced their equity positions in Pinnacle Foods Inc. The active investment managers in our partner’s database reported: 109.33 million shares, down from 109.99 million shares in 2016Q1. Also, the number of active investment managers holding Pinnacle Foods Inc in their top 10 equity positions decreased from 5 to 4 for a decrease of 1. Sold All: 38 Reduced: 88 Increased: 93 New Position: 46.
Pinnacle Foods Inc. is a manufacturer, marketer and distributor of branded food products in North America. The company has a market cap of $5.68 billion. The Firm operates through three divisions: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. It has a 28.52 P/E ratio. The Birds Eye Frozen segment manages its brands in the United States retail frozen vegetables , frozen complete bagged meals (Birds Eye Voila!), and frozen seafood (Van de Kamp’s and Mrs.
About 738,906 shares traded hands. Pinnacle Foods Inc (NYSE:PF) has risen 14.88% since April 28, 2016 and is uptrending. It has outperformed by 8.96% the S&P500.
Analysts await Pinnacle Foods Inc (NYSE:PF) to report earnings on February, 23. They expect $0.79 earnings per share, up 12.86% or $0.09 from last year’s $0.7 per share. PF’s profit will be $91.67M for 15.49 P/E if the $0.79 EPS becomes a reality. After $0.53 actual earnings per share reported by Pinnacle Foods Inc for the previous quarter, Wall Street now forecasts 49.06% EPS growth.
According to Zacks Investment Research, “Pinnacle Foods Inc. is a manufacturer, marketer and distributor of branded food products primarily in North America. The Company operates through three segments: the Birds Eye Frozen Division(R), the Duncan Hines Grocery Division(R) and the Specialty Foods Division(R). It also manufactures and distributes canned meat, shelf-stable pickles and frozen seafood. The Company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centres, convenience stores, dollar stores, drug stores and warehouse clubs. Pinnacle Foods Inc. is headquartered in Parsippany, New Jersey.”
Levin Capital Strategies L.P. holds 3.83% of its portfolio in Pinnacle Foods Inc for 4.60 million shares. Jana Partners Llc owns 3.93 million shares or 3.11% of their US portfolio. Moreover, Rs Investment Management Co Llc has 2.39% invested in the company for 5.03 million shares. The Minnesota-based Cornerstone Capital Management Llc has invested 1.78% in the stock. Three Peaks Capital Management Llc, a Colorado-based fund reported 210,176 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 13 insider sales for $10.81 million net activity.
Ratings analysis reveals 67% of Pinnacle Foods Inc’s analysts are positive. Out of 6 Wall Street analysts rating Pinnacle Foods Inc, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $42 while the high is $55. The stock’s average target of $49.50 is 1.12% above today’s ($48.95) share price. PF was included in 9 notes of analysts from October 19, 2015. DA Davidson initiated Pinnacle Foods Inc (NYSE:PF) on Friday, December 11 with “Neutral” rating. UBS initiated Pinnacle Foods Inc (NYSE:PF) on Wednesday, February 24 with “Neutral” rating. The stock of Pinnacle Foods Inc (NYSE:PF) earned “Buy” rating by Buckingham Research on Wednesday, March 2. UBS upgraded Pinnacle Foods Inc (NYSE:PF) rating on Monday, November 14. UBS has “Buy” rating and $54 price target. On Friday, July 29 the stock rating was maintained by DA Davidson with “Neutral”. The rating was maintained by RBC Capital Markets on Wednesday, November 25 with “Outperform”. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, October 30. The rating was initiated by Buckingham Research on Monday, October 19 with “Neutral”. On Friday, July 29 the stock rating was upgraded by Stifel Nicolaus to “Buy”.
Pinnacle Foods Inc., incorporated on July 28, 2003, is a manufacturer, marketer and distributor of branded food products in North America. The Firm operates through three divisions: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Company’s products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations.
Another recent and important Pinnacle Foods Inc (NYSE:PF) news was published by Forbes.com which published an article titled: “Pinnacle Foods Becomes Oversold (PF)” on November 10, 2016.
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By Pete Kolinski