Pinnacle Foods Inc (PF) Position Trimmed by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its holdings in Pinnacle Foods Inc (NYSE:PF) by 47.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,350 shares of the company’s stock after selling 20,094 shares during the period. GSA Capital Partners LLP’s holdings in Pinnacle Foods were worth $1,278,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PF. Schwab Charles Investment Management Inc. grew its stake in shares of Pinnacle Foods by 8.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 470,585 shares of the company’s stock valued at $27,953,000 after buying an additional 38,029 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Pinnacle Foods by 10.4% during the second quarter. Advisors Asset Management Inc. now owns 41,503 shares of the company’s stock valued at $2,465,000 after buying an additional 3,916 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of Pinnacle Foods by 2.0% during the second quarter. State of Wisconsin Investment Board now owns 23,558 shares of the company’s stock valued at $1,399,000 after buying an additional 460 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Pinnacle Foods by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,171 shares of the company’s stock worth $485,000 after purchasing an additional 21 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Pinnacle Foods by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 633,646 shares of the company’s stock worth $37,639,000 after purchasing an additional 23,484 shares during the last quarter. Institutional investors own 95.21% of the company’s stock.

Shares of Pinnacle Foods Inc (NYSE PF) traded up $0.14 during midday trading on Friday, reaching $59.15. 1,340,000 shares of the company were exchanged, compared to its average volume of 1,240,000. Pinnacle Foods Inc has a 52 week low of $52.51 and a 52 week high of $66.67. The stock has a market cap of $7,040.00, a price-to-earnings ratio of 39.97, a P/E/G ratio of 2.70 and a beta of 0.33. 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 (NYSE:PF) last announced 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. Pinnacle Foods had a net margin of 5.65% and a return on equity of 14.63%. The company had revenue of $749.80 million during the quarter, compared to analyst estimates of $753.10 million. During the same period in the previous year, the business earned $0.53 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. equities research analysts predict that Pinnacle Foods Inc will post 2.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 19th were given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, December 18th. Pinnacle Foods’s dividend payout ratio (DPR) is presently 87.84%.

Several analysts recently issued reports on the company. Credit Suisse Group set a $67.00 target price on Pinnacle Foods and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research cut Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Buckingham Research cut their price objective on Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Pinnacle Foods presently has a consensus rating of “Buy” and an average price target of $65.27.

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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.

Institutional Ownership by Quarter for Pinnacle Foods (NYSE:PF)

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