Media stories about Pinnacle Foods (NYSE:PF) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pinnacle Foods earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.6839404880614 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Zacks: Brokerages Anticipate Pinnacle Foods (PF) to Announce $0.57 Earnings Per Share (americanbankingnews.com)
- Pinnacle Foods (PF) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Pinnacle Foods Expected to Post Q1 2018 Earnings of $0.56 Per Share (PF) (americanbankingnews.com)
- Relative Strength Alert For Pinnacle Foods – Nasdaq.com – Nasdaq (nasdaq.com)
- Stock Buzz: Pinnacle Foods Inc. (PF) – MostVolatileStocks (press release) (mostvolatilestocks.com)
A number of research analysts recently issued reports on PF shares. Credit Suisse Group set a $67.00 price target on Pinnacle Foods and gave the company a “buy” rating in a report on Wednesday, January 10th. Zacks Investment Research downgraded Pinnacle Foods from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price objective on Pinnacle Foods from $63.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Jefferies Group reaffirmed a “buy” rating and set a $67.00 price objective on shares of Pinnacle Foods in a research report on Thursday, March 1st. Finally, Morgan Stanley cut their price objective on Pinnacle Foods from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, March 2nd. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Pinnacle Foods presently has a consensus rating of “Buy” and a consensus price target of $64.58.
Pinnacle Foods (NYSE:PF) last posted its quarterly earnings data on Thursday, March 1st. The company reported $0.94 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.01). The firm had revenue of $883.51 million for the quarter, compared to the consensus estimate 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 was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. equities analysts forecast that Pinnacle Foods will post 2.9 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Tuesday, February 27th will be given a $0.325 dividend. The ex-dividend date is Monday, February 26th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.40%. Pinnacle Foods’s dividend payout ratio is currently 29.21%.
In related news, Director Muktesh Pant purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were purchased at an average cost of $56.93 per share, with a total value of $1,138,600.00. Following the transaction, the director now directly owns 49,706 shares in the company, valued at approximately $2,829,762.58. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.34% of the company’s stock.
About Pinnacle Foods
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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