Pinnacle Foods Inc. (NYSE:PF) shares were down 1.2% on Monday . The stock traded as low as $47.40 and last traded at $47.47, with a volume of 175,693 shares traded. The stock had previously closed at $48.06.

A number of analysts have recently issued reports on PF shares. Zacks Investment Research cut shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a research note on Monday, March 28th. DA Davidson reissued a “hold” rating on shares of Pinnacle Foods in a research note on Thursday, March 24th. Royal Bank Of Canada reissued a “buy” rating and issued a $52.00 price objective on shares of Pinnacle Foods in a research note on Wednesday, March 23rd. Finally, Bank of America Corp. reissued a “buy” rating on shares of Pinnacle Foods in a research note on Tuesday, May 24th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $48.14.

The firm has a market capitalization of $5.51 billion and a price-to-earnings ratio of 28.27. The company’s 50-day moving average is $43.84 and its 200-day moving average is $43.41.

Pinnacle Foods (NYSE:PF) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. During the same period in the previous year, the firm posted $0.39 EPS. The company earned $754.30 million during the quarter, compared to analysts’ expectations of $771.50 million. Pinnacle Foods’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts forecast that Pinnacle Foods Inc. will post $2.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Tuesday, June 7th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, June 3rd.

In related news, EVP Michael Kelley Maggs sold 5,000 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $44.00, for a total value of $220,000.00. Following the completion of the sale, the executive vice president now owns 75,951 shares of the company’s stock, valued at approximately $3,341,844. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Craig D. Steeneck sold 20,683 shares of the business’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $43.58, for a total transaction of $901,365.14. Following the completion of the sale, the chief financial officer now directly owns 177,014 shares of the company’s stock, valued at approximately $7,714,270.12. The disclosure for this sale can be found here.

A number of large investors recently modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Pinnacle Foods by 0.5% in the fourth quarter. Bank of Montreal Can now owns 85,395 shares of the company’s stock valued at $3,626,000 after buying an additional 439 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Pinnacle Foods by 1.0% in the fourth quarter. Nationwide Fund Advisors now owns 138,735 shares of the company’s stock valued at $5,891,000 after buying an additional 1,360 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Pinnacle Foods by 2.4% in the fourth quarter. Rhumbline Advisers now owns 71,362 shares of the company’s stock valued at $3,030,000 after buying an additional 1,695 shares during the last quarter. US Bancorp DE raised its stake in shares of Pinnacle Foods by 5.4% in the fourth quarter. US Bancorp DE now owns 36,333 shares of the company’s stock valued at $1,543,000 after buying an additional 1,859 shares during the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in shares of Pinnacle Foods by 0.5% in the fourth quarter. Foresters Investment Management Company Inc. now owns 377,500 shares of the company’s stock valued at $16,029,000 after buying an additional 2,000 shares during the last quarter.

Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through three segments: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Birds Eye Frozen segment manages its brands in the United States retail frozen vegetables (Birds Eye), frozen complete bagged meals (Birds Eye Voila!), and frozen seafood (Van de Kamp’s and Mrs.

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