GAM Holding AG Takes Position in Pinnacle Foods Inc (PF)

GAM Holding AG bought a new stake in Pinnacle Foods Inc (NYSE:PF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 181,827 shares of the company’s stock, valued at approximately $11,785,000.

Several other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Pinnacle Foods by 7.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the company’s stock worth $484,000 after acquiring an additional 529 shares in the last quarter. Stanley Laman Group Ltd. grew its holdings in Pinnacle Foods by 6.0% during the 2nd quarter. Stanley Laman Group Ltd. now owns 14,471 shares of the company’s stock worth $942,000 after acquiring an additional 821 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Pinnacle Foods by 0.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 284,211 shares of the company’s stock worth $18,914,000 after acquiring an additional 861 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Pinnacle Foods by 10.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,600 shares of the company’s stock worth $622,000 after acquiring an additional 900 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust grew its holdings in Pinnacle Foods by 14.3% during the 3rd quarter. New Jersey Better Educational Savings Trust now owns 8,000 shares of the company’s stock worth $518,000 after acquiring an additional 1,000 shares in the last quarter. 94.33% of the stock is currently owned by institutional investors and hedge funds.

NYSE PF opened at $66.66 on Friday. Pinnacle Foods Inc has a one year low of $52.25 and a one year high of $70.51.

Several brokerages have weighed in on PF. CL King lowered shares of Pinnacle Foods from a “buy” rating to a “neutral” rating in a report on Thursday, August 2nd. JPMorgan Chase & Co. lowered shares of Pinnacle Foods from an “overweight” rating to a “neutral” rating and set a $64.00 price target for the company. in a report on Friday, August 3rd. Piper Jaffray Companies lowered shares of Pinnacle Foods from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $69.00 to $68.00 in a report on Monday, September 24th. Jefferies Financial Group lowered shares of Pinnacle Foods from a “buy” rating to a “hold” rating and set a $68.00 price target for the company. in a report on Monday, October 15th. Finally, Zacks Investment Research lowered shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.20.

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Pinnacle Foods Company Profile

Pinnacle Foods Inc manufactures, markets, and distributes branded convenience food products in North America. It operates through four segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza, and full-calorie single-serve frozen dinners and entrées under the Birds Eye, Birds Eye Voila!, Van de Kamp's, Mrs.

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Institutional Ownership by Quarter for Pinnacle Foods (NYSE:PF)

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