The stock of Pinnacle Foods Inc (NYSE:PF) is a huge mover today! About 3.54M shares traded hands or 216.07% up from the average. Pinnacle Foods Inc (NYSE:PF) has risen 15.22% since April 8, 2016 and is uptrending. It has outperformed by 9.57% the S&P500.
The move comes after 9 months negative chart setup for the $5.39 billion company. It was reported on Nov, 10 by Barchart.com. We have $43.79 PT which if reached, will make NYSE:PF worth $323.40 million less.
Pinnacle Foods Inc (NYSE:PF) Ratings Coverage
Out of 6 analysts covering Pinnacle Foods Inc (NYSE:PF), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Pinnacle Foods Inc has been the topic of 8 analyst reports since October 19, 2015 according to StockzIntelligence Inc. The stock of Pinnacle Foods Inc (NYSE:PF) earned “Neutral” rating by DA Davidson on Friday, December 11. The stock of Pinnacle Foods Inc (NYSE:PF) earned “Market Perform” rating by BMO Capital Markets on Friday, October 30. As per Wednesday, March 2, the company rating was upgraded by Buckingham Research. RBC Capital Markets maintained Pinnacle Foods Inc (NYSE:PF) on Wednesday, November 25 with “Outperform” rating. The firm has “Neutral” rating by UBS given on Wednesday, February 24. The rating was maintained by DA Davidson with “Neutral” on Friday, July 29. The stock of Pinnacle Foods Inc (NYSE:PF) earned “Neutral” rating by Buckingham Research on Monday, October 19. Stifel Nicolaus upgraded the shares of PF in a report on Friday, July 29 to “Buy” rating.
According to Zacks Investment Research, “Pinnacle Foods Inc. is a manufacturer, marketer and distributor of branded food products primarily in North America. The Company operates through three segments: the Birds Eye Frozen Division(R), the Duncan Hines Grocery Division(R) and the Specialty Foods Division(R). It also manufactures and distributes canned meat, shelf-stable pickles and frozen seafood. The Company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centres, convenience stores, dollar stores, drug stores and warehouse clubs. Pinnacle Foods Inc. is headquartered in Parsippany, New Jersey.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.11, from 1.21 in 2016Q1. The ratio dropped, as 38 funds sold all Pinnacle Foods Inc shares owned while 88 reduced positions. 46 funds bought stakes while 93 increased positions. They now own 109.33 million shares or 0.60% less from 109.99 million shares in 2016Q1.
Us Financial Bank De holds 0.01% or 34,508 shares in its portfolio. Dimensional Fund Limited Partnership holds 0.08% or 2.82 million shares in its portfolio. 1St Global Advsr, a Texas-based fund reported 19,692 shares. Soros Fund Mngmt Ltd Liability Company has 0.03% invested in the company for 29,100 shares. State Board Of Administration Of Florida Retirement Sys reported 96,562 shares or 0.01% of all its holdings. Ubs Oconnor, a Illinois-based fund reported 1.16M shares. First Corp In holds 0.01% or 345 shares in its portfolio. Jpmorgan Chase And owns 397,318 shares or 0% of their US portfolio. Employees Retirement System Of Texas, a Texas-based fund reported 36,000 shares. Vanguard, a Pennsylvania-based fund reported 8.43M shares. Moreover, California Public Employees Retirement Sys has 0.01% invested in Pinnacle Foods Inc (NYSE:PF) for 143,200 shares. Da Davidson And, a Montana-based fund reported 155 shares. Sandy Spring National Bank last reported 0.34% of its portfolio in the stock. Geode Cap Limited Liability Company last reported 0.02% of its portfolio in the stock. Moreover, Suffolk Cap Limited Co has 0.79% invested in Pinnacle Foods Inc (NYSE:PF) for 133,302 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 13 insider sales for $11.29 million net activity. 5,000 shares were sold by Maggs Michael Kelley, worth $220,000. Boever Christopher J. sold $3.66M worth of Pinnacle Foods Inc (NYSE:PF) on Friday, September 2. Schiller Mark L. sold 29,700 shares worth $1.49M. 20,683 Pinnacle Foods Inc (NYSE:PF) shares with value of $901,324 were sold by Steeneck Craig D..
PF Company Profile
Pinnacle Foods Inc., incorporated on July 28, 2003, is a manufacturer, marketer and distributor of branded food products in North America. The Firm operates through three divisions: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Company’s 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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