Marshall Wace LLP Has $21.22 Million Stake in Pinnacle Foods Inc (PF)

Marshall Wace LLP increased its position in shares of Pinnacle Foods Inc (NYSE:PF) by 884.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 327,474 shares of the company’s stock after buying an additional 294,209 shares during the quarter. Marshall Wace LLP’s holdings in Pinnacle Foods were worth $21,224,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Pinnacle Foods by 1.3% in the third quarter. Vanguard Group Inc. now owns 10,785,231 shares of the company’s stock valued at $698,991,000 after purchasing an additional 133,341 shares during the period. Legal & General Group Plc raised its position in Pinnacle Foods by 1.4% in the third quarter. Legal & General Group Plc now owns 82,381 shares of the company’s stock valued at $5,339,000 after purchasing an additional 1,116 shares during the period. Lombard Odier Asset Management USA Corp raised its position in Pinnacle Foods by 170.0% in the third quarter. Lombard Odier Asset Management USA Corp now owns 108,000 shares of the company’s stock valued at $6,999,000 after purchasing an additional 68,000 shares during the period. Rehmann Capital Advisory Group raised its position in Pinnacle Foods by 6,304.1% in the third quarter. Rehmann Capital Advisory Group now owns 21,646 shares of the company’s stock valued at $334,000 after purchasing an additional 21,308 shares during the period. Finally, Exane Asset Management raised its position in Pinnacle Foods by 350.0% in the third quarter. Exane Asset Management now owns 90,000 shares of the company’s stock valued at $5,833,000 after purchasing an additional 70,000 shares during the period. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

Pinnacle Foods stock opened at $66.66 on Friday. Pinnacle Foods Inc has a twelve month low of $52.25 and a twelve month high of $70.51.

A number of analysts have issued reports on PF shares. ValuEngine raised Pinnacle Foods from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Jefferies Financial Group lowered Pinnacle Foods from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research report on Monday, October 15th. Zacks Investment Research lowered Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, Piper Jaffray Companies lowered Pinnacle Foods from an “overweight” rating to a “neutral” rating and cut their target price for the company from $69.00 to $68.00 in a research report on Monday, September 24th. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Pinnacle Foods presently has a consensus rating of “Hold” and an average price target 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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