Wall Street brokerages predict that Pinnacle Foods Inc (NYSE:PF) will announce sales of $909.26 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Pinnacle Foods’ earnings, with estimates ranging from $894.59 million to $930.00 million. Pinnacle Foods posted sales of $858.48 million in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The business is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Pinnacle Foods will report full-year sales of $909.26 million for the current financial year, with estimates ranging from $3.15 billion to $3.19 billion. For the next fiscal year, analysts expect that the company will report sales of $3.16 billion per share, with estimates ranging from $3.13 billion to $3.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Pinnacle Foods.

A number of research firms have weighed in on PF. Credit Suisse Group set a $67.00 price objective on Pinnacle Foods and gave the company a “buy” rating in a research note on Wednesday, January 10th. Buckingham Research cut their price target on Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded Pinnacle Foods from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $65.27.

Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in shares of Pinnacle Foods by 11.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,226,031 shares of the company’s stock valued at $184,433,000 after purchasing an additional 340,654 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Pinnacle Foods by 9.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,277,438 shares of the company’s stock valued at $130,201,000 after purchasing an additional 205,852 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Pinnacle Foods by 22.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,438,368 shares of the company’s stock valued at $82,231,000 after purchasing an additional 264,005 shares in the last quarter. Jana Partners LLC boosted its holdings in Pinnacle Foods by 49.8% in the 3rd quarter. Jana Partners LLC now owns 1,148,898 shares of the company’s stock worth $65,682,000 after buying an additional 381,778 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in Pinnacle Foods by 8.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,038,372 shares of the company’s stock worth $59,364,000 after buying an additional 82,202 shares during the last quarter. Hedge funds and other institutional investors own 95.30% of the company’s stock.

Pinnacle Foods (NYSE PF) traded down $0.43 during midday trading on Friday, hitting $58.58. The company’s stock had a trading volume of 946,779 shares, compared to its average volume of 1,404,895. The stock has a market cap of $6,919.60, a price-to-earnings ratio of 39.93, a P/E/G ratio of 2.65 and a beta of 0.34. Pinnacle Foods has a twelve month low of $52.81 and a twelve month high of $66.67. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.80 and a quick ratio of 0.81.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Tuesday, December 19th were paid a $0.325 dividend. The ex-dividend date was Monday, December 18th. This represents a $1.30 annualized dividend and a dividend yield of 2.22%. Pinnacle Foods’s dividend payout ratio is presently 87.84%.

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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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Earnings History and Estimates for Pinnacle Foods (NYSE:PF)

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