Media headlines about Pinnacle Foods (NYSE:PF) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pinnacle Foods earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.3212650474552 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research analysts have issued reports on the company. BidaskClub upgraded Pinnacle Foods from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Pinnacle Foods from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Tuesday, June 27th. BMO Capital Markets reiterated a “buy” rating and issued a $63.00 price objective on shares of Pinnacle Foods in a research report on Tuesday, June 27th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $67.00 price objective (up previously from $66.00) on shares of Pinnacle Foods in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $68.00 target price (up previously from $65.00) on shares of Pinnacle Foods in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $65.36.
Pinnacle Foods (PF) traded up 0.53% during mid-day trading on Friday, hitting $58.82. The company had a trading volume of 1,315,945 shares. The company has a market cap of $6.99 billion, a PE ratio of 38.32 and a beta of 0.35. Pinnacle Foods has a one year low of $46.36 and a one year high of $66.67. The company’s 50 day moving average price is $59.55 and its 200-day moving average price is $59.41.
Pinnacle Foods (NYSE:PF) last announced its earnings results on Thursday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. Pinnacle Foods had a return on equity of 14.47% and a net margin of 5.82%. The company had revenue of $744.61 million for the quarter, compared to analyst estimates of $764.41 million. During the same period in the previous year, the firm earned $0.42 earnings per share. Pinnacle Foods’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Pinnacle Foods will post $2.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 9th. Stockholders of record on Tuesday, August 29th will be issued a dividend of $0.325 per share. This is an increase from Pinnacle Foods’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, August 25th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.21%. Pinnacle Foods’s payout ratio is currently 84.97%.
In other Pinnacle Foods news, EVP Mark L. Schiller sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $59.37, for a total value of $2,968,500.00. Following the transaction, the executive vice president now owns 96,377 shares in the company, valued at $5,721,902.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael J. Barkley sold 24,962 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $59.30, for a total value of $1,480,246.60. Following the completion of the transaction, the executive vice president now owns 17,802 shares in the company, valued at approximately $1,055,658.60. The disclosure for this sale can be found here. Insiders have sold 151,912 shares of company stock worth $9,037,020 in the last quarter. 1.34% of the stock is currently owned by corporate 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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