Pinnacle Foods EVP Sells 5,000 Shares (PF)
Pinnacle Foods (NYSE:PF) EVP Christopher J. Boever unloaded 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $31.55, for a total transaction of $157,750.00. Following the completion of the transaction, the executive vice president now directly owns 60,989 shares in the company, valued at approximately $1,924,203. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Pinnacle Foods in a research note on Thursday, August 14th. 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, August 14th. 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $31.75.
Shares of Pinnacle Foods (NYSE:PF) traded up 0.66% on Wednesday, hitting $32.24. The stock had a trading volume of 201,426 shares. Pinnacle Foods has a 52 week low of $25.00 and a 52 week high of $35.67. The stock has a 50-day moving average of $31.13 and a 200-day moving average of $30.52. The company has a market cap of $3.781 billion and a P/E ratio of 21.98.
Pinnacle Foods (NYSE:PF) last posted its quarterly earnings results 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. Shareholders 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 2.62%. 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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