PINNACLE FOODS INC Common Stock (PF) Rating Lowered to Market Perform at William Blair

PINNACLE FOODS INC Common Stock (NYSE:PF) was downgraded by research analysts at William Blair from an “outperform” rating to a “market perform” rating in a report issued on Wednesday.

A number of other equities research analysts also recently issued reports on PF. Jefferies Financial Group reissued a “buy” rating and issued a $67.00 price target on shares of PINNACLE FOODS INC Common Stock in a report on Thursday, March 1st. Credit Suisse Group set a $64.00 price target on shares of PINNACLE FOODS INC Common Stock and gave the stock a “buy” rating in a report on Friday, March 2nd. Morgan Stanley lowered their price target on shares of PINNACLE FOODS INC Common Stock from $66.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, March 2nd. Buckingham Research set a $62.00 price target on shares of PINNACLE FOODS INC Common Stock and gave the stock a “buy” rating in a report on Friday, March 2nd. Finally, Royal Bank of Canada reissued a “buy” rating on shares of PINNACLE FOODS INC Common Stock in a report on Friday, March 2nd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $65.30.

Shares of PINNACLE FOODS INC Common Stock opened at $65.19 on Wednesday, Marketbeat.com reports. PINNACLE FOODS INC Common Stock has a 12-month low of $52.25 and a 12-month high of $70.51. The stock has a market capitalization of $7.74 billion, a PE ratio of 24.79, a PEG ratio of 2.80 and a beta of 0.46. The company has a current ratio of 1.47, a quick ratio of 0.67 and a debt-to-equity ratio of 1.12.

PINNACLE FOODS INC Common Stock (NYSE:PF) last announced its quarterly earnings results on Thursday, May 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. PINNACLE FOODS INC Common Stock had a net margin of 17.93% and a return on equity of 14.39%. The firm had revenue of $778.83 million for the quarter, compared to the consensus estimate of $767.94 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. analysts anticipate that PINNACLE FOODS INC Common Stock will post 2.9 earnings per share for the current year.

In other PINNACLE FOODS INC Common Stock news, EVP Michael J. Barkley sold 9,136 shares of PINNACLE FOODS INC Common Stock stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $62.57, for a total transaction of $571,639.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark L. Schiller sold 5,482 shares of PINNACLE FOODS INC Common Stock stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $62.82, for a total transaction of $344,379.24. Following the transaction, the executive vice president now directly owns 65,047 shares in the company, valued at $4,086,252.54. The disclosure for this sale can be found here. Insiders sold 19,941 shares of company stock worth $1,253,657 over the last ninety days. 1.38% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of PF. Assetmark Inc. raised its stake in shares of PINNACLE FOODS INC Common Stock by 476.8% during the fourth quarter. Assetmark Inc. now owns 1,840 shares of the company’s stock worth $109,000 after acquiring an additional 1,521 shares in the last quarter. Synovus Financial Corp purchased a new position in shares of PINNACLE FOODS INC Common Stock during the first quarter worth approximately $113,000. American International Group Inc. purchased a new position in shares of PINNACLE FOODS INC Common Stock during the fourth quarter worth approximately $147,000. Ostrum Asset Management purchased a new position in shares of PINNACLE FOODS INC Common Stock during the first quarter worth approximately $164,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of PINNACLE FOODS INC Common Stock 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 acquiring an additional 1,053 shares in the last quarter. 97.02% of the stock is currently owned by hedge funds and other institutional investors.

PINNACLE FOODS INC Common Stock Company Profile

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.

Analyst Recommendations for PINNACLE FOODS INC Common Stock (NYSE:PF)

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