Oppenheimer & Co. Inc. maintained its position in Pinnacle Foods Inc. (NYSE:PF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,700 shares of the company’s stock at the end of the second quarter. Oppenheimer & Co. Inc.’s holdings in Pinnacle Foods were worth $264,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC raised its position in Pinnacle Foods by 672.7% in the second quarter. Thompson Siegel & Walmsley LLC now owns 17,000 shares of the company’s stock valued at $787,000 after buying an additional 14,800 shares during the last quarter. Neuberger Berman Group LLC raised its position in Pinnacle Foods by 27.0% in the second quarter. Neuberger Berman Group LLC now owns 751,995 shares of the company’s stock valued at $34,810,000 after buying an additional 159,801 shares during the last quarter. Princeton Alpha Management LP raised its position in Pinnacle Foods by 141.5% in the second quarter. Princeton Alpha Management LP now owns 27,114 shares of the company’s stock valued at $1,255,000 after buying an additional 15,887 shares during the last quarter. Three Peaks Capital Management LLC raised its position in Pinnacle Foods by 4.2% in the second quarter. Three Peaks Capital Management LLC now owns 210,176 shares of the company’s stock valued at $9,729,000 after buying an additional 8,549 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Pinnacle Foods by 29.4% in the second quarter. First Trust Advisors LP now owns 91,107 shares of the company’s stock valued at $4,217,000 after buying an additional 20,689 shares during the last quarter. 97.03% of the stock is owned by institutional investors.

Shares of Pinnacle Foods Inc. (NYSE:PF) traded down 0.06% during trading on Thursday, reaching $50.05. 682,728 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $50.27 and a 200 day moving average price of $46.18. Pinnacle Foods Inc. has a 12-month low of $39.15 and a 12-month high of $52.00. The company has a market capitalization of $5.90 billion, a P/E ratio of 29.81 and a beta of 0.34.

Pinnacle Foods (NYSE:PF) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. Pinnacle Foods had a return on equity of 13.01% and a net margin of 6.90%. The company earned $756.40 million during the quarter, compared to analysts’ expectations of $754.89 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. Equities analysts expect that Pinnacle Foods Inc. will post $2.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 10th. Stockholders of record on Tuesday, August 30th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.28%. This is a boost from Pinnacle Foods’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, August 26th. Pinnacle Foods’s payout ratio is 67.86%.

Several research analysts have commented on the stock. RBC Capital Markets reaffirmed an “outperform” rating and set a $56.00 price objective (up from $54.00) on shares of Pinnacle Foods in a research note on Monday, August 1st. Rowe raised shares of Pinnacle Foods from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday, July 29th. DA Davidson boosted their target price on shares of Pinnacle Foods from $42.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Stifel Nicolaus raised shares of Pinnacle Foods from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday, July 29th. Finally, Zacks Investment Research raised shares of Pinnacle Foods from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, July 27th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Pinnacle Foods has a consensus rating of “Buy” and a consensus price target of $52.27.

In related news, EVP Christopher J. Boever sold 71,346 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $51.29, for a total value of $3,659,336.34. Following the completion of the transaction, the executive vice president now directly owns 95,565 shares in the company, valued at $4,901,528.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher J. Boever sold 50,000 shares of the company’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $50.15, for a total value of $2,507,500.00. Following the completion of the transaction, the executive vice president now owns 51,129 shares of the company’s stock, valued at $2,564,119.35. The disclosure for this sale can be found here. 2.75% of the stock is owned by insiders.

About Pinnacle Foods

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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