Pinnacle Foods, Inc. (PF) Given Consensus Recommendation of “Buy” by Analysts

Pinnacle Foods, Inc. (NYSE:PF) has earned a consensus rating of “Buy” from the seventeen analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $60.08.

A number of analysts have recently issued reports on the stock. Credit Suisse Group set a $62.00 price objective on shares of Pinnacle Foods and gave the stock a “buy” rating in a research note on Saturday, February 25th. Berenberg Bank assumed coverage on shares of Pinnacle Foods in a research note on Tuesday, May 16th. They issued a “buy” rating and a $68.00 price objective for the company. Zacks Investment Research cut shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Deutsche Bank AG increased their price objective on shares of Pinnacle Foods from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, BidaskClub cut shares of Pinnacle Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th.

TRADEMARK VIOLATION NOTICE: This story was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.tickerreport.com/banking-finance/2655356/pinnacle-foods-inc-pf-given-consensus-recommendation-of-buy-by-analysts.html.

Shares of Pinnacle Foods (NYSE:PF) traded down 0.21% during midday trading on Tuesday, hitting $60.54. 90,114 shares of the stock traded hands. Pinnacle Foods has a 52 week low of $43.00 and a 52 week high of $66.67. The firm has a market capitalization of $7.18 billion, a PE ratio of 34.28 and a beta of 0.34. The company’s 50-day moving average is $60.14 and its 200 day moving average is $56.57.

Pinnacle Foods (NYSE:PF) last released its quarterly earnings results on Thursday, April 27th. The company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.04. Pinnacle Foods had a net margin of 6.66% and a return on equity of 13.97%. The business had revenue of $766.10 million for the quarter, compared to the consensus estimate of $766.52 million. During the same period last year, the firm earned $0.40 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts anticipate that Pinnacle Foods will post $2.60 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Tuesday, June 6th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $1.14 annualized dividend and a yield of 1.88%. Pinnacle Foods’s payout ratio is 64.77%.

In related news, CMO Michael J. Barkley sold 1,048 shares of the firm’s stock in a transaction on Friday, April 7th. The shares were sold at an average price of $58.25, for a total transaction of $61,046.00. Following the completion of the transaction, the chief marketing officer now directly owns 12,919 shares of the company’s stock, valued at $752,531.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael J. Barkley sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $60.44, for a total transaction of $604,400.00. Following the transaction, the executive vice president now directly owns 17,355 shares of the company’s stock, valued at $1,048,936.20. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its position in Pinnacle Foods by 10.8% in the first quarter. Public Employees Retirement System of Ohio now owns 170,679 shares of the company’s stock valued at $9,877,000 after buying an additional 16,632 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Pinnacle Foods by 599.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock valued at $121,000 after buying an additional 1,797 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Pinnacle Foods by 65.6% in the first quarter. Point72 Asset Management L.P. now owns 127,005 shares of the company’s stock valued at $7,350,000 after buying an additional 50,305 shares during the last quarter. Janus Capital Management LLC boosted its position in Pinnacle Foods by 115.7% in the first quarter. Janus Capital Management LLC now owns 122,500 shares of the company’s stock valued at $7,089,000 after buying an additional 65,700 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in Pinnacle Foods by 13.2% in the first quarter. Macquarie Group Ltd. now owns 946,301 shares of the company’s stock valued at $54,762,000 after buying an additional 110,646 shares during the last quarter. 96.84% of the stock is owned by institutional investors.

Pinnacle Foods Company Profile

Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through four segments: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. Its 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Pinnacle Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.