PINNACLE FOODS INC Common Stock (PF) Receiving Somewhat Positive Press Coverage, Report Shows
Media coverage about PINNACLE FOODS INC Common Stock (NYSE:PF) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PINNACLE FOODS INC Common Stock earned a news impact score of 0.02 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.6024513859286 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s rankings:
- PINNACLE FOODS INC Common Stock (PF) to Issue Quarterly Dividend of $0.33 (americanbankingnews.com)
- Conagra Brands-Pinnacle Foods Deal Gets U.S. Antitrust Approval (nasdaq.com)
- Conagra Brands And Pinnacle Foods Announce Expiration Of HSR Act Waiting Period (finance.yahoo.com)
- Wolf Popper LLP Files Class Action Lawsuit Against Pinnacle Foods Inc. (finance.yahoo.com)
- PINNACLE FOODS INC Common Stock (PF) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
A number of analysts have recently weighed in on the company. Deutsche Bank lowered PINNACLE FOODS INC Common Stock from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. JPMorgan Chase & Co. lowered PINNACLE FOODS INC Common Stock from an “overweight” rating to a “neutral” rating and set a $64.00 price objective on the stock. in a research report on Friday, August 3rd. CL King lowered PINNACLE FOODS INC Common Stock from a “buy” rating to a “neutral” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised PINNACLE FOODS INC Common Stock from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research report on Tuesday, July 10th. Finally, Buckingham Research upped their price objective on PINNACLE FOODS INC Common Stock from $62.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, July 20th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $67.00.
PINNACLE FOODS INC Common Stock (NYSE:PF) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.59 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.59. PINNACLE FOODS INC Common Stock had a return on equity of 13.96% and a net margin of 19.14%. The business had revenue of $741.80 million for the quarter, compared to analyst estimates of $749.29 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The company’s revenue was down .4% on a year-over-year basis. analysts predict that PINNACLE FOODS INC Common Stock will post 2.9 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Tuesday, September 4th will be issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, August 31st. PINNACLE FOODS INC Common Stock’s dividend payout ratio (DPR) is presently 50.98%.
About PINNACLE FOODS INC Common Stock
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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