Pinnacle Foods EVP Antonio F. Fernandez Sells 3,035 Shares (PF)
Pinnacle Foods (NYSE:PF) EVP Antonio F. Fernandez sold 3,035 shares of the stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $30.74, for a total value of $93,295.90. Following the completion of the transaction, the executive vice president now directly owns 99,564 shares in the company, valued at approximately $3,060,597. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Pinnacle Foods (NYSE:PF) traded up 1.01% on Tuesday, hitting $30.94. The stock had a trading volume of 1,343,948 shares. Pinnacle Foods has a one year low of $25.00 and a one year high of $35.67. The stock’s 50-day moving average is $31.31 and its 200-day moving average is $30.31. The company has a market cap of $3.629 billion and a P/E ratio of 33.96.
Pinnacle Foods (NYSE:PF) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Pinnacle Foods will post $1.74 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 7th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Wednesday, August 27th.
PF has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Pinnacle Foods in a research note on Monday. They now have a $33.00 price target on the stock, down previously from $35.00. Separately, analysts at Morgan Stanley initiated coverage on shares of Pinnacle Foods in a research note on Tuesday, July 15th. They set an “equal weight” rating and a $32.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Pinnacle Foods in a research note on Tuesday, July 15th. They set a “neutral” rating and a $34.00 price target on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Pinnacle Foods presently has a consensus rating of “Hold” and a consensus price target of $32.50.
Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America.
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