Pinnacle Foods Given Consensus Rating of “Hold” by Brokerages (NYSE:PF)
Shares of Pinnacle Foods (NYSE:PF) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the company, AnalystRatingsNetwork reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $31.75.
In other Pinnacle Foods news, EVP Antonio F. Fernandez sold 3,035 shares of the stock on the open market in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $30.74, for a total value of $93,295.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on PF shares. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Pinnacle Foods in a research note on Thursday. They now have a $32.00 price target on the stock, down previously from $36.00. Separately, analysts at Stephens upgraded shares of Pinnacle Foods from an “equal weight” rating to an “overweight” rating in a research note on Thursday. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Pinnacle Foods in a research note on Monday, August 11th. They now have a $33.00 price target on the stock, down previously from $35.00.
Shares of Pinnacle Foods (NYSE:PF) opened at 32.18 on Wednesday. Pinnacle Foods has a 1-year low of $25.00 and a 1-year high of $35.67. The stock has a 50-day moving average of $31.17 and a 200-day moving average of $30.40. The company has a market cap of $3.774 billion and a P/E ratio of 21.59.
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 announced a quarterly dividend, which is scheduled for Tuesday, October 7th. Investors 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 2.61%. The ex-dividend date is Wednesday, August 27th.
Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America.
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