Shares of Pinnacle Foods Inc. (NYSE:PF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $49.12 and last traded at $48.73, with a volume of 360,788 shares trading hands. The stock had previously closed at $48.92.

PF has been the topic of a number of research reports. BMO Capital Markets reiterated a “” rating and set a $56.00 price target (up previously from $50.00) on shares of Pinnacle Foods in a report on Thursday, July 14th. Zacks Investment Research upgraded shares of Pinnacle Foods from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, April 19th. Goldman Sachs Group Inc. upgraded shares of Pinnacle Foods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $48.00 to $57.00 in a report on Tuesday, July 12th. Bank of America Corp. reiterated a “buy” rating on shares of Pinnacle Foods in a report on Tuesday, May 24th. Finally, Deutsche Bank AG set a $48.00 price target on shares of Pinnacle Foods and gave the company a “hold” rating in a report on Sunday. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $50.50.

The firm has a market capitalization of $5.65 billion and a price-to-earnings ratio of 28.96. The company’s 50 day moving average price is $45.85 and its 200 day moving average price is $43.90.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Tuesday, June 7th were given a $0.255 dividend. The ex-dividend date was Friday, June 3rd. This represents a $1.02 annualized dividend and a dividend yield of 2.11%.

In related news, EVP Michael Kelley Maggs sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig D. Steeneck sold 20,683 shares of the business’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $43.58, for a total transaction of $901,365.14. Following the completion of the transaction, 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 hedge funds and institutional investors have recently made changes to their positions in the stock. Foresters Investment Management Company Inc. increased its position 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. Dimensional Fund Advisors LP increased its position in shares of Pinnacle Foods by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,787,059 shares of the company’s stock valued at $118,343,000 after buying an additional 270,038 shares during the last quarter. Trexquant Investment LP increased its position in shares of Pinnacle Foods by 80.3% in the fourth quarter. Trexquant Investment LP now owns 34,440 shares of the company’s stock valued at $1,462,000 after buying an additional 15,340 shares during the last quarter. WBI Investments Inc. purchased a new position in shares of Pinnacle Foods during the fourth quarter valued at $18,917,000. Finally, US Bancorp DE increased its position 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.

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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