Pinnacle Foods (PF) Earns Daily News Sentiment Rating of 0.16
Media stories about Pinnacle Foods (NYSE:PF) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pinnacle Foods earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.9988259413161 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Zacks: Brokerages Expect Pinnacle Foods, Inc. (PF) to Post $0.59 EPS (americanbankingnews.com)
- Insider Selling: Pinnacle Foods, Inc. (PF) EVP Sells 26,682 Shares of Stock (americanbankingnews.com)
- Equities Analysts Offer Predictions for Pinnacle Foods, Inc.’s FY2017 Earnings (PF) (americanbankingnews.com)
- Michael J. Barkley Sells 24,962 Shares of Pinnacle Foods Inc (NYSE:PF) Stock (americanbankingnews.com)
- Pinnacle Foods Inc (PF) EVP Mark L. Schiller Sells 50,000 Shares (americanbankingnews.com)
Several brokerages recently weighed in on PF. BidaskClub lowered Pinnacle Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Berenberg Bank began coverage on Pinnacle Foods in a research note on Tuesday, May 16th. They issued a “buy” rating and a $68.00 price target for the company. J P Morgan Chase & Co restated an “overweight” rating and issued a $68.00 price target (up previously from $65.00) on shares of Pinnacle Foods in a research note on Wednesday, June 28th. Zacks Investment Research lowered Pinnacle Foods from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Credit Suisse Group set a $62.00 price target on Pinnacle Foods and gave the company a “buy” rating in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $64.36.
Shares of Pinnacle Foods (PF) opened at 59.19 on Friday. The firm’s 50-day moving average price is $60.21 and its 200 day moving average price is $58.27. Pinnacle Foods has a 1-year low of $46.36 and a 1-year high of $66.67. The stock has a market capitalization of $7.03 billion, a price-to-earnings ratio of 38.56 and a beta of 0.34.
Pinnacle Foods (NYSE:PF) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Pinnacle Foods had a net margin of 5.82% and a return on equity of 14.47%. The company had revenue of $744.61 million during the quarter, compared to the consensus estimate of $764.41 million. During the same period last year, the firm earned $0.42 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts expect that Pinnacle Foods will post $2.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Tuesday, June 6th were given a dividend of $0.285 per share. The ex-dividend date was Friday, June 2nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.93%. Pinnacle Foods’s payout ratio is 74.51%.
In other news, EVP Michael J. Barkley sold 24,962 shares of Pinnacle Foods stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $59.30, for a total transaction of $1,480,246.60. Following the completion of the sale, the executive vice president now directly owns 17,802 shares in the company, valued at approximately $1,055,658.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark L. Schiller sold 50,000 shares of Pinnacle Foods stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.37, for a total transaction of $2,968,500.00. Following the sale, the executive vice president now owns 96,377 shares of the company’s stock, valued at $5,721,902.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,644 shares of company stock valued at $6,023,518. Insiders own 1.34% of the company’s stock.
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About Pinnacle Foods
Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through four segments: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. Its products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations.
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