AHL Partners LLP increased its stake in shares of Pinnacle Foods, Inc. (NYSE:PF) by 428.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,382 shares of the company’s stock after acquiring an additional 78,145 shares during the quarter. AHL Partners LLP owned approximately 0.08% of Pinnacle Foods worth $5,725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PF. Tower Research Capital LLC TRC boosted its stake in Pinnacle Foods by 599.0% during the first quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock worth $121,000 after acquiring an additional 1,797 shares in the last quarter. First Quadrant L P CA bought a new position in Pinnacle Foods during the second quarter worth $122,000. Harbour Capital Advisors LLC bought a new position in Pinnacle Foods during the first quarter worth $204,000. M&T Bank Corp bought a new position in Pinnacle Foods during the first quarter worth $217,000. Finally, World Asset Management Inc boosted its stake in Pinnacle Foods by 0.9% during the second quarter. World Asset Management Inc now owns 4,289 shares of the company’s stock worth $255,000 after acquiring an additional 39 shares in the last quarter. 95.40% of the stock is currently owned by institutional investors and hedge funds.

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Pinnacle Foods, Inc. (NYSE:PF) opened at 57.14 on Friday. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 37.22 and a beta of 0.33. The firm has a 50 day moving average of $58.70 and a 200-day moving average of $59.35. Pinnacle Foods, Inc. has a 1-year low of $46.36 and a 1-year high of $66.67.

Pinnacle Foods (NYSE:PF) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $744.61 million for the quarter, compared to analysts’ expectations of $764.41 million. Pinnacle Foods had a net margin of 5.82% and a return on equity of 14.47%. Pinnacle Foods’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. On average, equities research analysts anticipate that Pinnacle Foods, Inc. will post $2.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 9th. Investors of record on Tuesday, August 29th will be paid a $0.325 dividend. This is a boost from Pinnacle Foods’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, August 25th. This represents a $1.30 dividend on an annualized basis and a yield of 2.28%. Pinnacle Foods’s payout ratio is presently 84.97%.

Several brokerages recently issued reports on PF. BidaskClub raised shares of Pinnacle Foods from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Credit Suisse Group cut their target price on shares of Pinnacle Foods from $65.00 to $64.00 and set an “outperform” rating on the stock in a research note on Wednesday. BMO Capital Markets reissued a “buy” rating and set a $63.00 target price on shares of Pinnacle Foods in a research note on Tuesday, June 27th. J P Morgan Chase & Co reissued an “overweight” rating and set a $68.00 target price (up from $65.00) on shares of Pinnacle Foods in a research note on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of Pinnacle Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $64.90.

In related news, EVP Michael J. Barkley sold 24,962 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $59.30, for a total value of $1,480,246.60. Following the transaction, the executive vice president now owns 17,802 shares in the company, valued at approximately $1,055,658.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark L. Schiller sold 17,038 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $60.61, for a total transaction of $1,032,673.18. Following the completion of the transaction, the executive vice president now owns 74,832 shares in the company, valued at approximately $4,535,567.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,912 shares of company stock worth $9,037,020. 1.34% of the stock is currently owned by company insiders.

Pinnacle Foods 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.

Institutional Ownership by Quarter for Pinnacle Foods (NYSE:PF)

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