Pinnacle Foods Inc Plans Quarterly Dividend of $0.21 (PF)
Pinnacle Foods (NYSE:PF) announced a quarterly dividend on Tuesday, February 11th, StockRatingsNetwork reports. Stockholders of record on Thursday, March 20th will be paid a dividend of 0.21 per share on Thursday, April 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.00%.
A number of analysts have recently weighed in on PF shares. Analysts at Zacks downgraded shares of Pinnacle Foods from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 17th. They now have a $31.30 price target on the stock. On a related note, analysts at RBC Capital initiated coverage on shares of Pinnacle Foods in a research note on Monday, November 25th. They set a “sector perform” rating and a $31.00 price target on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Pinnacle Foods from $30.00 to $33.00 in a research note on Friday, November 22nd. They now have a “fair value” rating on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.70.
Pinnacle Foods (NYSE:PF) traded up 0.29% during mid-day trading on Tuesday, hitting $27.99. The stock had a trading volume of 430,024 shares. Pinnacle Foods has a 1-year low of $22.15 and a 1-year high of $28.81. The stock’s 50-day moving average is $27.17 and its 200-day moving average is $26.97. The company has a market cap of $3.280 billion and a P/E ratio of 36.15.
Pinnacle Foods (NYSE:PF) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $572.50 million for the quarter, compared to the consensus estimate of $563.16 million. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Pinnacle Foods will post $1.57 EPS for the current fiscal year.
Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America.
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