Shares of Pinnacle Foods Inc (NYSE:PF) have been assigned an average recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $67.43.

A number of equities research analysts recently weighed in on PF shares. Barclays lowered shares of Pinnacle Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, June 29th. Zacks Investment Research downgraded shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. William Blair downgraded shares of Pinnacle Foods from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 27th. CL King downgraded shares of Pinnacle Foods from a “buy” rating to a “neutral” rating in a research report on Thursday, August 2nd. Finally, Deutsche Bank downgraded shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th.

A number of hedge funds and other institutional investors have recently made changes to their positions in PF. Fort L.P. acquired a new stake in Pinnacle Foods during the 2nd quarter valued at approximately $123,000. NumerixS Investment Technologies Inc acquired a new position in shares of Pinnacle Foods in the 2nd quarter valued at $130,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Pinnacle Foods by 100.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,194 shares of the company’s stock valued at $143,000 after purchasing an additional 1,100 shares during the period. Ostrum Asset Management acquired a new position in shares of Pinnacle Foods in the 1st quarter valued at $164,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Pinnacle Foods by 41.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,599 shares of the company’s stock valued at $195,000 after purchasing an additional 1,053 shares during the period. Institutional investors and hedge funds own 94.57% of the company’s stock.

Shares of PF opened at $65.87 on Wednesday. Pinnacle Foods has a 1-year low of $52.25 and a 1-year high of $70.51. The stock has a market cap of $7.72 billion, a P/E ratio of 25.83, a P/E/G ratio of 2.79 and a beta of 0.50. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 0.62.

Pinnacle Foods (NYSE:PF) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. Pinnacle Foods had a net margin of 19.14% and a return on equity of 13.96%. The company had revenue of $741.80 million during the quarter, compared to analyst estimates of $749.29 million. During the same quarter last year, the business posted $0.53 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Research analysts forecast that Pinnacle Foods will post 2.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Tuesday, September 4th will be paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, August 31st. Pinnacle Foods’s payout ratio is 50.98%.

About Pinnacle Foods

Pinnacle Foods Inc manufactures, markets, and distributes branded convenience food products in North America. It operates through four segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza, and full-calorie single-serve frozen dinners and entrées under the Birds Eye, Birds Eye Voila!, Van de Kamp's, Mrs.

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Analyst Recommendations for Pinnacle Foods (NYSE:PF)

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