Investors Buy High Volume of Pinnacle Foods Call Options (PF)
Pinnacle Foods, Inc. (NYSE:PF) was the target of unusually large options trading on Monday. Traders acquired 11,324 call options on the stock. This is an increase of approximately Infinity compared to the average daily volume of 0 call options.
Several equities analysts recently weighed in on PF shares. Zacks Investment Research cut Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. UBS AG reissued a “buy” rating and set a $65.00 price objective on shares of Pinnacle Foods in a research report on Monday, August 28th. Royal Bank Of Canada reissued an “outperform” rating and set a $67.00 price objective (up previously from $66.00) on shares of Pinnacle Foods in a research report on Tuesday, July 25th. Credit Suisse Group cut their price objective on Pinnacle Foods from $65.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, October 4th. Finally, BidaskClub cut Pinnacle Foods from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $64.25.
Several hedge funds have recently added to or reduced their stakes in PF. First Quadrant L P CA bought a new stake in shares of Pinnacle Foods in the 2nd quarter valued at approximately $122,000. World Asset Management Inc grew its stake in shares of Pinnacle Foods by 0.9% in the 2nd quarter. World Asset Management Inc now owns 4,289 shares of the company’s stock valued at $255,000 after purchasing an additional 39 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Pinnacle Foods by 7.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,691 shares of the company’s stock valued at $279,000 after purchasing an additional 317 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new stake in shares of Pinnacle Foods in the 3rd quarter valued at approximately $294,000. Finally, M&T Bank Corp grew its stake in shares of Pinnacle Foods by 34.0% in the 2nd quarter. M&T Bank Corp now owns 5,014 shares of the company’s stock valued at $300,000 after purchasing an additional 1,271 shares during the period. Institutional investors own 95.61% of the company’s stock.
Pinnacle Foods (NYSE:PF) opened at $55.03 on Thursday. Pinnacle Foods has a 12 month low of $48.35 and a 12 month high of $66.67. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 1.80. The stock has a market capitalization of $6,430.44, a PE ratio of 22.51, a P/E/G ratio of 2.27 and a beta of 0.31.
Pinnacle Foods (NYSE:PF) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Pinnacle Foods had a return on equity of 14.63% and a net margin of 5.65%. The firm had revenue of $749.80 million for the quarter, compared to analyst estimates of $753.10 million. During the same period in the previous year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. equities analysts anticipate that Pinnacle Foods will post 2.55 EPS for the current fiscal year.
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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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