Pinnacle Foods Sees Unusually Large Options Volume (PF)
Pinnacle Foods Inc (NYSE:PF) was the target of unusually large options trading on Tuesday. Investors purchased 6,300 put options on the company. This is an increase of 1,202% compared to the typical daily volume of 484 put options.
Shares of Pinnacle Foods (PF) opened at $59.01 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $7,020.00, a PE ratio of 39.87, a P/E/G ratio of 2.70 and a beta of 0.33. Pinnacle Foods has a fifty-two week low of $52.51 and a fifty-two week high of $66.67.
Pinnacle Foods (NYSE:PF) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.58 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The firm had revenue of $749.80 million during the quarter, compared to analyst estimates of $753.10 million. Pinnacle Foods had a return on equity of 14.63% and a net margin of 5.65%. Pinnacle Foods’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. equities analysts anticipate that Pinnacle Foods will post 2.55 EPS for the current year.
Large investors have recently bought and sold shares of the company. BT Investment Management Ltd grew its holdings in shares of Pinnacle Foods by 25.5% during the third quarter. BT Investment Management Ltd now owns 14,499 shares of the company’s stock valued at $829,000 after purchasing an additional 2,944 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Pinnacle Foods during the second quarter valued at approximately $13,544,000. Legal & General Group Plc grew its holdings in shares of Pinnacle Foods by 18.4% during the third quarter. Legal & General Group Plc now owns 82,648 shares of the company’s stock valued at $4,726,000 after purchasing an additional 12,866 shares during the last quarter. Davidson Kempner Capital Management LP bought a new position in shares of Pinnacle Foods during the second quarter valued at approximately $26,730,000. Finally, Jana Partners LLC grew its holdings in shares of Pinnacle Foods by 49.8% during the third quarter. Jana Partners LLC now owns 1,148,898 shares of the company’s stock valued at $65,682,000 after purchasing an additional 381,778 shares during the last quarter. 95.21% of the stock is owned by institutional investors.
Several brokerages recently weighed in on PF. Credit Suisse Group lowered their price objective on Pinnacle Foods from $64.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, October 27th. Zacks Investment Research raised Pinnacle Foods from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Tuesday, October 17th. Finally, Buckingham Research lowered their price objective on Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating for the company in a report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Pinnacle Foods currently has an average rating of “Buy” and a consensus target price of $65.27.
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.
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