Pinnacle Foods Inc (PF) Given Average Recommendation of “Buy” by Analysts

Shares of Pinnacle Foods Inc (NYSE:PF) have earned an average rating of “Buy” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $64.27.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Credit Suisse Group decreased their price target on shares of Pinnacle Foods from $64.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Finally, Buckingham Research decreased their price target on shares of Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, October 27th.

Several hedge funds and other institutional investors have recently made changes to their positions in PF. Schwab Charles Investment Management Inc. grew its holdings in shares of Pinnacle Foods by 8.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 470,585 shares of the company’s stock valued at $27,953,000 after buying an additional 38,029 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Pinnacle Foods by 4.8% during the second quarter. Legal & General Group Plc now owns 69,782 shares of the company’s stock valued at $4,146,000 after buying an additional 3,183 shares during the last quarter. Federated Investors Inc. PA grew its holdings in shares of Pinnacle Foods by 263.9% during the second quarter. Federated Investors Inc. PA now owns 29,880 shares of the company’s stock valued at $1,776,000 after buying an additional 21,669 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Pinnacle Foods by 35.3% during the second quarter. Prudential Financial Inc. now owns 13,020 shares of the company’s stock valued at $774,000 after buying an additional 3,400 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Pinnacle Foods by 7.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,691 shares of the company’s stock valued at $279,000 after buying an additional 317 shares during the last quarter. 95.21% of the stock is owned by institutional investors and hedge funds.

Pinnacle Foods (NYSE PF) opened at $59.36 on Monday. The company has a market cap of $7,064.79, a PE ratio of 40.11, a PEG ratio of 2.70 and a beta of 0.33. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 1.80. Pinnacle Foods has a one year low of $52.49 and a one year high of $66.67.

Pinnacle Foods (NYSE:PF) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $749.80 million during the quarter, compared to the consensus estimate of $753.10 million. Pinnacle Foods had a net margin of 5.65% and a return on equity of 14.63%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. sell-side analysts predict that Pinnacle Foods will post 2.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 19th will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Monday, December 18th. Pinnacle Foods’s dividend payout ratio is 87.84%.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/pinnacle-foods-inc-pf-given-average-recommendation-of-buy-by-analysts/1815602.html.

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.

Analyst Recommendations for Pinnacle Foods (NYSE:PF)

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

 


Latest News

Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
Trade Rumor: Manny Machado Could Land With Yankees
Trade Rumor: Manny Machado Could Land With Yankees
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Rumor: Braves Show Interest in Reamluto, Yelich
Rumor: Braves Show Interest in Reamluto, Yelich


Leave a Reply

 
© 2006-2018 BBNS.