Media headlines about Pinnacle Foods (NYSE:PF) have been trending somewhat negative recently, according to Alpha One Sentiment. Alpha One, a division of Accern, identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pinnacle Foods earned a coverage optimism score of -0.12 on Alpha One’s scale. Alpha One also gave media coverage about the company an impact score of 88 out of 100, indicating that recent press coverage is very likely to have an impact on the company’s share price in the immediate future.
Pinnacle Foods (NYSE:PF) traded up 0.59% during mid-day trading on Friday, reaching $59.50. The company had a trading volume of 1,124,668 shares. Pinnacle Foods has a 52-week low of $41.53 and a 52-week high of $61.65. The company’s 50 day moving average is $58.37 and its 200 day moving average is $54.74. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 33.69 and a beta of 0.30.
Pinnacle Foods (NYSE:PF) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The company had revenue of $766.10 million for the quarter, compared to analyst estimates of $766.52 million. Pinnacle Foods had a net margin of 6.76% and a return on equity of 13.25%. Pinnacle Foods’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. Equities analysts predict that Pinnacle Foods will post $2.60 earnings per share for the current year.
A number of research analysts have commented on PF shares. Morgan Stanley raised Pinnacle Foods from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $58.00 to $63.00 in a report on Monday, April 10th. Jefferies Group LLC started coverage on Pinnacle Foods in a report on Tuesday, April 11th. They set a “buy” rating and a $67.00 target price on the stock. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $65.00 target price (up previously from $62.00) on shares of Pinnacle Foods in a report on Sunday, April 23rd. William Blair started coverage on Pinnacle Foods in a report on Friday, January 27th. They set an “outperform” rating on the stock. Finally, Deutsche Bank AG started coverage on Pinnacle Foods in a report on Wednesday, February 15th. They set a “buy” rating and a $61.00 target price on the stock. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Pinnacle Foods has an average rating of “Buy” and a consensus target price of $60.36.
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In other news, EVP Michael J. Barkley sold 10,000 shares of Pinnacle Foods stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $60.44, for a total transaction of $604,400.00. Following the transaction, the executive vice president now owns 17,355 shares in the company, valued at $1,048,936.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ioannis Skoufalos purchased 1,755 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were acquired at an average price of $56.90 per share, for a total transaction of $99,859.50. Following the acquisition, the director now owns 6,262 shares of the company’s stock, valued at approximately $356,307.80. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 259,829 shares of company stock worth $14,309,451. 2.75% of the stock is owned by company insiders.
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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