Pinnacle Foods (PF) PT Set at $62.00 by Buckingham Research
PF has been the subject of several other research reports. Morgan Stanley lowered their target price on shares of Pinnacle Foods from $66.00 to $63.00 and set an overweight rating for the company in a report on Friday. Credit Suisse Group set a $67.00 target price on shares of Pinnacle Foods and gave the company a buy rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Pinnacle Foods from a sell rating to a hold rating in a report on Friday, February 16th. JPMorgan Chase & Co. increased their target price on shares of Pinnacle Foods from $63.00 to $64.00 and gave the company an overweight rating in a report on Tuesday, February 13th. Finally, Jefferies Group reiterated a buy rating and issued a $67.00 target price on shares of Pinnacle Foods in a report on Thursday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $64.64.
Shares of Pinnacle Foods (PF) opened at $56.20 on Friday. The company has a market cap of $6,689.63, a PE ratio of 22.04, a PEG ratio of 2.44 and a beta of 0.47. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 1.49. Pinnacle Foods has a 1-year low of $52.81 and a 1-year high of $66.67.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Tuesday, February 27th will be issued a dividend of $0.325 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $1.30 dividend on an annualized basis and a yield of 2.31%. Pinnacle Foods’s dividend payout ratio (DPR) is presently 29.21%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. increased its holdings in Pinnacle Foods by 476.8% during the fourth quarter. Assetmark Inc. now owns 1,840 shares of the company’s stock worth $109,000 after buying an additional 1,521 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Pinnacle Foods during the fourth quarter worth about $133,000. American International Group Inc. purchased a new stake in Pinnacle Foods during the fourth quarter worth about $147,000. Fortaleza Asset Management Inc. purchased a new stake in Pinnacle Foods during the fourth quarter worth about $166,000. Finally, Miles Capital Inc. purchased a new stake in Pinnacle Foods during the fourth quarter worth about $204,000. Institutional investors and hedge funds own 95.30% of the company’s stock.
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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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