Pinnacle Foods Upgraded to “Overweight” at Stephens (PF)
PF has been the subject of a number of other 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Pinnacle Foods currently has an average rating of “Hold” and a consensus target price of $32.50.
In other Pinnacle Foods news, EVP Antonio F. Fernandez unloaded 3,035 shares of the company’s 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 transaction of $93,295.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Pinnacle Foods (NYSE:PF) opened at 31.53 on Thursday. Pinnacle Foods has a 52-week low of $25.00 and a 52-week high of $35.67. The stock’s 50-day moving average is $31.23 and its 200-day moving average is $30.35. The company has a market cap of $3.698 billion and a price-to-earnings ratio of 34.81.
Pinnacle Foods (NYSE:PF) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.33. The company had revenue of $617.80 million for the quarter, compared to the consensus estimate of $629.33 million. On average, analysts predict that Pinnacle Foods will post $1.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 7th. Investors of record on Friday, August 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, August 27th.
Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America.
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