Somewhat Positive Media Coverage Somewhat Unlikely to Affect Pinnacle Foods (NYSE:PF) Stock Price
Media headlines about Pinnacle Foods (NYSE:PF) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pinnacle Foods earned a news impact score of 0.10 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.4929937092082 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Neuberger Berman Group LLC Marginally Raises Its Investment in Pinnacle Foods, Inc. (PF) Last Quarter – Modern Readers (modernreaders.com)
- Neuberger Berman Group LLC Raises Its Investment in Pinnacle Foods, Inc. (PF) Last Quarter – Modern Readers (modernreaders.com)
- Shares Seesawing on Volume: Pinnacle Foods Inc (PF) – Sparta Review (spartareview.com)
Shares of Pinnacle Foods (PF) traded up 0.93% during trading on Friday, reaching $59.45. The company had a trading volume of 757,782 shares. The firm’s 50 day moving average price is $59.83 and its 200 day moving average price is $58.50. The firm has a market capitalization of $7.06 billion, a P/E ratio of 38.73 and a beta of 0.34. Pinnacle Foods has a 12 month low of $46.36 and a 12 month high of $66.67.
Pinnacle Foods (NYSE:PF) last announced its earnings results on Thursday, July 27th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $744.61 million for the quarter, compared to analysts’ expectations of $764.41 million. Pinnacle Foods had a return on equity of 14.47% and a net margin of 5.82%. Pinnacle Foods’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. Equities analysts predict that Pinnacle Foods will post $2.56 EPS for the current year.
A number of analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $66.00 price target on shares of Pinnacle Foods in a research note on Friday, April 28th. BidaskClub lowered Pinnacle Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised Pinnacle Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Deutsche Bank AG lifted their price target on Pinnacle Foods from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $65.00 price target (up from $62.00) on shares of Pinnacle Foods in a research note on Sunday, April 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. Pinnacle Foods has an average rating of “Buy” and a consensus target price of $64.36.
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In other Pinnacle Foods news, CFO Craig D. Steeneck sold 33,095 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $59.61, for a total transaction of $1,972,792.95. Following the sale, the chief financial officer now owns 204,364 shares in the company, valued at approximately $12,182,138.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark L. Schiller sold 50,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.37, for a total value of $2,968,500.00. Following the sale, the executive vice president now owns 96,377 shares in the company, valued at approximately $5,721,902.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,739 shares of company stock worth $7,996,311. 1.34% of the stock is owned by insiders.
Pinnacle Foods Company Profile
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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