Pinnacle Foods (NYSE:PF) – Jefferies Group issued their Q1 2018 EPS estimates for shares of Pinnacle Foods in a report released on Tuesday. Jefferies Group analyst A. Jagdale expects that the company will post earnings of $0.56 per share for the quarter. Jefferies Group has a “Buy” rating and a $67.00 price objective on the stock. Jefferies Group also issued estimates for Pinnacle Foods’ Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.69 EPS, Q4 2018 earnings at $1.07 EPS, FY2018 earnings at $2.90 EPS, FY2019 earnings at $3.18 EPS and FY2020 earnings at $3.47 EPS.
Pinnacle Foods (NYSE:PF) last posted its quarterly earnings results on Thursday, March 1st. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.01). The business had revenue of $883.51 million during the quarter, compared to analyst estimates of $896.53 million. Pinnacle Foods had a net margin of 16.92% and a return on equity of 14.75%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS.
Pinnacle Foods stock opened at $53.69 on Thursday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.97 and a current ratio of 1.84. The stock has a market cap of $6,557.51, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 2.38 and a beta of 0.47. Pinnacle Foods has a fifty-two week low of $52.30 and a fifty-two week high of $66.67.
Large investors have recently modified their holdings of the stock. Three Peaks Capital Management LLC boosted its holdings in shares of Pinnacle Foods by 31.5% in the 4th quarter. Three Peaks Capital Management LLC now owns 231,461 shares of the company’s stock worth $13,765,000 after buying an additional 55,463 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Pinnacle Foods by 11.1% in the 3rd quarter. Janus Henderson Group PLC now owns 253,220 shares of the company’s stock worth $14,477,000 after buying an additional 25,200 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Pinnacle Foods by 18.4% in the 3rd quarter. Legal & General Group Plc now owns 82,648 shares of the company’s stock worth $4,726,000 after buying an additional 12,866 shares during the last quarter. Miles Capital Inc. purchased a new position in shares of Pinnacle Foods in the 4th quarter worth about $204,000. Finally, Gabelli Funds LLC boosted its holdings in shares of Pinnacle Foods by 10.1% in the 4th quarter. Gabelli Funds LLC now owns 111,600 shares of the company’s stock worth $6,637,000 after buying an additional 10,200 shares during the last quarter. 96.84% of the stock is currently owned by institutional investors.
In related news, Director Muktesh Pant purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were bought at an average cost of $56.93 per share, with a total value of $1,138,600.00. Following the acquisition, the director now owns 49,706 shares of the company’s stock, valued at $2,829,762.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.34% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Tuesday, February 27th will be issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Monday, February 26th. Pinnacle Foods’s dividend payout ratio (DPR) is currently 29.21%.
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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.
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