Pinnacle Foods Inc (NYSE:PF) has been assigned an average rating of “Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $64.27.

PF has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. BidaskClub raised shares of Pinnacle Foods from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Buckingham Research reduced their price target on shares of Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Credit Suisse Group reduced their price target on shares of Pinnacle Foods from $65.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 4th. Finally, UBS reaffirmed a “buy” rating and set a $65.00 price target on shares of Pinnacle Foods in a research report on Monday, August 28th.

Shares of Pinnacle Foods (NYSE:PF) opened at $56.21 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.80 and a quick ratio of 0.81. Pinnacle Foods has a 12-month low of $50.27 and a 12-month high of $66.67. The stock has a market cap of $6,748.21, a P/E ratio of 23.63, a P/E/G ratio of 2.78 and a beta of 0.33.

Pinnacle Foods (NYSE:PF) last released its earnings results on Thursday, October 26th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Pinnacle Foods had a net margin of 5.65% and a return on equity of 14.63%. The business had revenue of $749.80 million for the quarter, compared to analysts’ expectations of $753.10 million. During the same period last year, the company earned $0.53 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. analysts anticipate that Pinnacle Foods will post 2.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.325 per share. The ex-dividend date of this dividend is Monday, December 18th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.31%. Pinnacle Foods’s payout ratio is currently 87.84%.

Several hedge funds and other institutional investors have recently bought and sold shares of PF. World Asset Management Inc increased its stake in shares of Pinnacle Foods by 0.9% in the second quarter. World Asset Management Inc now owns 4,289 shares of the company’s stock worth $255,000 after buying an additional 39 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Pinnacle Foods by 4.3% in the second quarter. TD Asset Management Inc. now owns 48,100 shares of the company’s stock worth $2,857,000 after buying an additional 2,000 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Pinnacle Foods by 277.6% in the second quarter. Canada Pension Plan Investment Board now owns 219,000 shares of the company’s stock worth $13,009,000 after buying an additional 161,000 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Pinnacle Foods by 8.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 470,585 shares of the company’s stock worth $27,953,000 after buying an additional 38,029 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Pinnacle Foods by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 9,365 shares of the company’s stock worth $556,000 after buying an additional 132 shares during the last quarter. 95.31% of the stock is currently owned by institutional investors and hedge funds.

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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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