Pinnacle Foods, Inc. (NYSE:PF) has been given an average rating of “Buy” by the seventeen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $61.15.

A number of brokerages have recently issued reports on PF. BidaskClub upgraded Pinnacle Foods from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Jefferies Group LLC began coverage on Pinnacle Foods in a research note on Tuesday, April 11th. They set a “buy” rating and a $67.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $66.00 price objective on shares of Pinnacle Foods in a research note on Friday, April 28th. Deutsche Bank AG upped their price objective on Pinnacle Foods from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Morgan Stanley upgraded Pinnacle Foods from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $58.00 to $63.00 in a research note on Monday, April 10th.

Shares of Pinnacle Foods (NYSE PF) traded up 0.17% during trading on Monday, reaching $58.63. 83,510 shares of the company traded hands. The stock has a market cap of $6.96 billion, a P/E ratio of 33.20 and a beta of 0.35. Pinnacle Foods has a 12 month low of $46.36 and a 12 month high of $66.67. The stock’s 50 day moving average price is $60.84 and its 200-day moving average price is $57.11.

Pinnacle Foods (NYSE:PF) last released its earnings results on Thursday, April 27th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The firm had revenue of $766.10 million for the quarter, compared to analysts’ expectations of $766.52 million. Pinnacle Foods had a return on equity of 13.97% and a net margin of 6.66%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 EPS. On average, equities research analysts expect that Pinnacle Foods will post $2.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 7th. Investors of record on Tuesday, June 6th were paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Friday, June 2nd. Pinnacle Foods’s dividend payout ratio (DPR) is presently 64.77%.

In related news, EVP Michael J. Barkley sold 10,000 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $60.44, for a total value of $604,400.00. Following the sale, the executive vice president now owns 17,355 shares in the company, valued at approximately $1,048,936.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.34% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of PF. World Asset Management Inc boosted its stake in Pinnacle Foods by 2.8% in the first quarter. World Asset Management Inc now owns 4,250 shares of the company’s stock worth $246,000 after buying an additional 116 shares during the period. Pegasus Partners Ltd. boosted its stake in Pinnacle Foods by 0.8% in the first quarter. Pegasus Partners Ltd. now owns 15,869 shares of the company’s stock worth $918,000 after buying an additional 124 shares during the period. KCG Holdings Inc. boosted its stake in Pinnacle Foods by 2.2% in the first quarter. KCG Holdings Inc. now owns 9,329 shares of the company’s stock worth $540,000 after buying an additional 203 shares during the period. State of Alaska Department of Revenue boosted its stake in Pinnacle Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 5,410 shares of the company’s stock worth $313,000 after buying an additional 243 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in Pinnacle Foods by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 99,067 shares of the company’s stock worth $5,733,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 96.70% of the company’s stock.

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Pinnacle Foods Company Profile

Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through four segments: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. Its products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations.

Analyst Recommendations for Pinnacle Foods (NYSE:PF)

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