Traders Sell Shares of Pinnacle Foods (PF) on Strength (PF)

Traders sold shares of Pinnacle Foods Inc (NYSE:PF) on strength during trading hours on Friday. $7.71 million flowed into the stock on the tick-up and $29.23 million flowed out of the stock on the tick-down, for a money net flow of $21.52 million out of the stock. Of all stocks tracked, Pinnacle Foods had the 0th highest net out-flow for the day. Pinnacle Foods traded up $0.23 for the day and closed at $66.31

PF has been the subject of a number of research reports. Zacks Investment Research cut shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Piper Jaffray Companies cut shares of Pinnacle Foods from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $69.00 to $68.00 in a research report on Monday, September 24th. ValuEngine raised shares of Pinnacle Foods from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Buckingham Research upped their price objective on shares of Pinnacle Foods from $62.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 20th. Finally, Stifel Nicolaus cut shares of Pinnacle Foods from a “buy” rating to a “hold” rating and upped their price objective for the company from $63.00 to $68.00 in a research report on Monday, July 2nd. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.20.

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 1.51. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 2.85 and a beta of 0.49.

Pinnacle Foods (NYSE:PF) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $741.80 million during the quarter, compared to analysts’ expectations of $749.29 million. Pinnacle Foods had a net margin of 19.14% and a return on equity of 13.96%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. On average, analysts anticipate that Pinnacle Foods Inc will post 2.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Tuesday, September 4th were given a $0.325 dividend. The ex-dividend date was Friday, August 31st. This represents a $1.30 dividend on an annualized basis and a yield of 1.96%. Pinnacle Foods’s payout ratio is currently 50.98%.

Several hedge funds have recently modified their holdings of PF. Wells Fargo & Company MN lifted its position in shares of Pinnacle Foods by 17.6% during the first quarter. Wells Fargo & Company MN now owns 138,607 shares of the company’s stock worth $7,499,000 after purchasing an additional 20,788 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Pinnacle Foods by 3.2% during the first quarter. Stifel Financial Corp now owns 34,701 shares of the company’s stock worth $1,874,000 after purchasing an additional 1,063 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Pinnacle Foods by 41.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,599 shares of the company’s stock worth $195,000 after purchasing an additional 1,053 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Pinnacle Foods by 12.5% during the first quarter. Royal Bank of Canada now owns 38,101 shares of the company’s stock worth $2,061,000 after purchasing an additional 4,233 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Pinnacle Foods by 44.9% during the first quarter. Xact Kapitalforvaltning AB now owns 13,239 shares of the company’s stock worth $716,000 after purchasing an additional 4,100 shares during the last quarter. 94.08% of the stock is currently owned by institutional investors and hedge funds.

About Pinnacle Foods (NYSE:PF)

Pinnacle Foods Inc manufactures, markets, and distributes branded convenience food products in North America. It operates through four segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza, and full-calorie single-serve frozen dinners and entrées under the Birds Eye, Birds Eye Voila!, Van de Kamp's, Mrs.

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