Toronto Dominion Bank boosted its position in shares of Pinnacle Foods, Inc. (NYSE:PF) by 37.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 515,000 shares of the company’s stock after acquiring an additional 140,000 shares during the quarter. Toronto Dominion Bank owned 0.43% of Pinnacle Foods worth $29,439,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. First Quadrant L P CA purchased a new stake in Pinnacle Foods during the second quarter valued at $122,000. World Asset Management Inc increased its position in Pinnacle Foods by 0.9% during the second quarter. World Asset Management Inc now owns 4,289 shares of the company’s stock valued at $255,000 after acquiring an additional 39 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Pinnacle Foods by 7.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,691 shares of the company’s stock valued at $279,000 after acquiring an additional 317 shares during the last quarter. M&T Bank Corp increased its position in Pinnacle Foods by 34.0% during the second quarter. M&T Bank Corp now owns 5,014 shares of the company’s stock valued at $300,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO purchased a new stake in Pinnacle Foods during the third quarter valued at $294,000. Institutional investors own 95.61% of the company’s stock.
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In other news, EVP Mark L. Schiller sold 17,038 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $60.61, for a total value of $1,032,673.18. Following the completion of the transaction, the executive vice president now owns 74,832 shares of the company’s stock, valued at $4,535,567.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.34% of the company’s stock.
Pinnacle Foods, Inc. (NYSE PF) traded up $0.46 during midday trading on Monday, hitting $54.22. The stock had a trading volume of 1,387,300 shares, compared to its average volume of 1,208,392. The company has a market capitalization of $6,470.00, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 2.28 and a beta of 0.31. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 1.80. Pinnacle Foods, Inc. has a 1 year low of $46.36 and a 1 year high of $66.67.
Pinnacle Foods (NYSE:PF) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The firm had revenue of $749.80 million during the quarter, compared to analyst estimates of $753.10 million. Pinnacle Foods had a return on equity of 14.63% and a net margin of 5.65%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. sell-side analysts forecast that Pinnacle Foods, Inc. will post 2.55 earnings per share for the current fiscal year.
A number of analysts recently commented on PF shares. Buckingham Research reduced their price objective on Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, October 27th. 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 report on Tuesday, October 17th. UBS AG restated a “buy” rating and issued a $65.00 price target on shares of Pinnacle Foods in a research report on Monday, August 28th. BidaskClub upgraded Pinnacle Foods from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Credit Suisse Group reduced their price target on Pinnacle Foods from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $64.25.
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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