Bluestein R H & Co. Has $486,000 Holdings in Pinnacle Foods, Inc. (PF)
Bluestein R H & Co. cut its position in Pinnacle Foods, Inc. (NYSE:PF) by 43.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,500 shares of the company’s stock after selling 6,500 shares during the period. Bluestein R H & Co.’s holdings in Pinnacle Foods were worth $486,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BT Investment Management Ltd raised its holdings in shares of Pinnacle Foods by 25.5% during the third quarter. BT Investment Management Ltd now owns 14,499 shares of the company’s stock worth $829,000 after acquiring an additional 2,944 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Pinnacle Foods during the second quarter worth $13,544,000. Pacer Advisors Inc. raised its holdings in shares of Pinnacle Foods by 2.9% during the second quarter. Pacer Advisors Inc. now owns 17,498 shares of the company’s stock worth $1,039,000 after acquiring an additional 489 shares during the period. Davidson Kempner Capital Management LP acquired a new stake in shares of Pinnacle Foods during the second quarter worth $26,730,000. Finally, Neuberger Berman Group LLC raised its holdings in shares of Pinnacle Foods by 5.7% during the second quarter. Neuberger Berman Group LLC now owns 956,170 shares of the company’s stock worth $56,796,000 after acquiring an additional 51,906 shares during the period. Institutional investors own 95.31% of the company’s stock.
A number of brokerages recently commented on PF. BidaskClub upgraded shares of Pinnacle Foods from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Credit Suisse Group dropped their price objective on shares of Pinnacle Foods from $65.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Pinnacle Foods from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Tuesday, October 17th. UBS reaffirmed a “buy” rating and issued a $65.00 target price on shares of Pinnacle Foods in a research report on Monday, August 28th. Finally, Buckingham Research decreased their target price on shares of Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Pinnacle Foods currently has an average rating of “Buy” and a consensus target price of $64.25.
Pinnacle Foods, Inc. (NYSE:PF) traded down $0.99 during trading on Wednesday, reaching $57.22. 1,718,200 shares of the company were exchanged, compared to its average volume of 1,195,067. Pinnacle Foods, Inc. has a 1-year low of $48.69 and a 1-year high of $66.67. The company has a market capitalization of $6,927.93, a P/E ratio of 24.25, a P/E/G ratio of 2.85 and a beta of 0.33. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49.
Pinnacle Foods (NYSE:PF) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. Pinnacle Foods had a net margin of 5.65% and a return on equity of 14.63%. The company had revenue of $749.80 million during the quarter, compared to the consensus estimate of $753.10 million. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. analysts predict that Pinnacle Foods, Inc. will post 2.55 earnings per share for the current fiscal year.
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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