Alpine Associates Management Inc. Buys Shares of 85,580 PINNACLE FOODS INC Common Stock (NYSE:PF)

Alpine Associates Management Inc. bought a new stake in PINNACLE FOODS INC Common Stock (NYSE:PF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 85,580 shares of the company’s stock, valued at approximately $4,630,000. Alpine Associates Management Inc. owned about 0.07% of PINNACLE FOODS INC Common Stock at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PF. Schwab Charles Investment Management Inc. grew its holdings in shares of PINNACLE FOODS INC Common Stock by 4.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 508,161 shares of the company’s stock worth $30,221,000 after purchasing an additional 21,859 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of PINNACLE FOODS INC Common Stock by 119.5% during the 4th quarter. State of Alaska Department of Revenue now owns 13,720 shares of the company’s stock worth $815,000 after purchasing an additional 7,470 shares during the period. SG Americas Securities LLC purchased a new stake in shares of PINNACLE FOODS INC Common Stock during the 4th quarter worth about $304,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in PINNACLE FOODS INC Common Stock by 37.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,787 shares of the company’s stock worth $404,000 after acquiring an additional 1,860 shares during the period. Finally, Dean Capital Investments Management LLC purchased a new position in PINNACLE FOODS INC Common Stock in the 4th quarter worth approximately $305,000. 97.54% of the stock is owned by institutional investors.

A number of equities analysts have weighed in on the company. Piper Jaffray Companies assumed coverage on PINNACLE FOODS INC Common Stock in a report on Tuesday, March 13th. They issued an “overweight” rating and a $64.00 price target for the company. Credit Suisse Group set a $68.00 price target on PINNACLE FOODS INC Common Stock and gave the stock a “buy” rating in a report on Saturday, May 5th. Morgan Stanley decreased their price target on PINNACLE FOODS INC Common Stock from $66.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, March 2nd. Royal Bank of Canada reiterated a “buy” rating on shares of PINNACLE FOODS INC Common Stock in a research note on Friday, March 2nd. Finally, Buckingham Research set a $62.00 target price on PINNACLE FOODS INC Common Stock and gave the company a “buy” rating in a research note on Friday, March 2nd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $65.09.



Shares of PF stock traded up $0.50 on Thursday, hitting $64.14. 780,964 shares of the stock traded hands, compared to its average volume of 1,629,275. PINNACLE FOODS INC Common Stock has a 1-year low of $52.25 and a 1-year high of $64.77. The company has a current ratio of 1.47, a quick ratio of 0.67 and a debt-to-equity ratio of 1.12. The firm has a market cap of $7.61 billion, a P/E ratio of 25.15, a P/E/G ratio of 2.75 and a beta of 0.46.

PINNACLE FOODS INC Common Stock (NYSE:PF) last issued its earnings results on Thursday, May 3rd. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. PINNACLE FOODS INC Common Stock had a return on equity of 14.39% and a net margin of 17.93%. The firm had revenue of $778.83 million for the quarter, compared to analyst estimates of $767.94 million. During the same period last year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. research analysts forecast that PINNACLE FOODS INC Common Stock will post 2.9 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 12th. Shareholders of record on Tuesday, June 12th will be given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Monday, June 11th. PINNACLE FOODS INC Common Stock’s dividend payout ratio is presently 50.98%.

In other news, EVP Mark L. Schiller sold 5,482 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $62.82, for a total transaction of $344,379.24. Following the transaction, the executive vice president now directly owns 65,047 shares of the company’s stock, valued at $4,086,252.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael J. Barkley sold 9,136 shares of the firm’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $62.57, for a total value of $571,639.52. The disclosure for this sale can be found here. Insiders sold 19,941 shares of company stock worth $1,253,657 over the last ninety days. 1.38% of the stock is owned by corporate insiders.

PINNACLE FOODS INC Common Stock Company Profile

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.

Institutional Ownership by Quarter for PINNACLE FOODS INC Common Stock (NYSE:PF)

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