Pinnacle Foods (PF) PT Set at $64.00 by Credit Suisse Group
Other equities analysts have also issued research reports about the company. Jefferies Group reaffirmed a buy rating and set a $67.00 price target on shares of Pinnacle Foods in a research note on Thursday. Zacks Investment Research raised Pinnacle Foods from a sell rating to a hold rating in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. upped their price target on Pinnacle Foods from $63.00 to $64.00 and gave the company an overweight rating in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $64.64.
Pinnacle Foods (PF) opened at $56.20 on Friday. 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 $52.81 and a one year high of $66.67. The stock has a market capitalization of $6,690.00, a price-to-earnings ratio of 34.06, a PEG ratio of 2.53 and a beta of 0.47.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Tuesday, February 27th will be issued a $0.325 dividend. The ex-dividend date is Monday, February 26th. This represents a $1.30 dividend on an annualized basis and a yield of 2.31%. Pinnacle Foods’s dividend payout ratio is presently 78.79%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PF. Villere ST Denis J & Co. LLC increased its holdings in Pinnacle Foods by 9.6% in the third quarter. Villere ST Denis J & Co. LLC now owns 186,500 shares of the company’s stock valued at $10,662,000 after purchasing an additional 16,300 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Pinnacle Foods by 4.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 108,896 shares of the company’s stock valued at $6,226,000 after purchasing an additional 4,710 shares during the last quarter. BT Investment Management Ltd increased its holdings in Pinnacle Foods by 25.5% in the third quarter. BT Investment Management Ltd now owns 14,499 shares of the company’s stock valued at $829,000 after purchasing an additional 2,944 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in Pinnacle Foods in the third quarter valued at about $891,000. Finally, Stevens Capital Management LP bought a new stake in Pinnacle Foods in the third quarter valued at about $2,498,000. Institutional investors and hedge funds own 92.79% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Pinnacle Foods (PF) PT Set at $64.00 by Credit Suisse Group” was first published by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/pinnacle-foods-pf-pt-set-at-64-00-by-credit-suisse-group/1908672.html.
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.
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 MarketBeat.com's FREE daily email newsletter.