Insider Selling: Pinnacle Foods EVP Unloads 3,010 Shares of Stock (PF)
Pinnacle Foods (NYSE:PF) EVP Antonio F. Fernandez sold 3,010 shares of the stock on the open market in a transaction dated Thursday, July 10th. The shares were sold at an average price of $30.76, for a total value of $92,587.60. Following the transaction, the executive vice president now directly owns 102,599 shares of the company’s stock, valued at approximately $3,155,945. The sale was disclosed in a filing with the SEC, which is available at this link.
PF has been the subject of a number of recent research reports. Analysts at RBC Capital upgraded shares of Pinnacle Foods from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 26th. They now have a $36.00 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of Pinnacle Foods from a “neutral” rating to an “outperform” rating in a research note on Friday, June 13th. They now have a $36.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Pinnacle Foods in a research note on Monday, June 2nd. They now have a $35.00 price target on the stock, down previously from $36.00. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.70.
Pinnacle Foods (NYSE:PF) traded down 0.16% on Friday, hitting $31.01. The stock had a trading volume of 167,965 shares. Pinnacle Foods has a 52-week low of $23.90 and a 52-week high of $35.67. The stock has a 50-day moving average of $32. and a 200-day moving average of $29.74. The company has a market cap of $3.637 billion and a price-to-earnings ratio of 34.43.
Pinnacle Foods (NYSE:PF) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.01. The company had revenue of $644.00 million for the quarter, compared to the consensus estimate of $649.30 million. During the same quarter last year, the company posted $0.34 earnings per share. Pinnacle Foods’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Pinnacle Foods will post $1.74 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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