Institutional Investors Are Betting On Pinnacle Foods Inc (NYSE:PF)

October 13, 2017 - By Vivian Park

 Institutional Investors Are Betting On Pinnacle Foods Inc (NYSE:PF)

Sentiment for Pinnacle Foods Inc (NYSE:PF)

Pinnacle Foods Inc (NYSE:PF) institutional sentiment is 1.11 in 2017 Q2. Its the same as in 2017Q1. The ratio has no change, as only 150 investment managers opened new and increased stock positions, while 135 cut down and sold their stakes in Pinnacle Foods Inc. The investment managers in our partner’s database now hold: 110.55 million shares, down from 112.42 million shares in 2017Q1. Also, the number of investment managers holding Pinnacle Foods Inc in their top 10 stock positions decreased from 4 to 2 for a decrease of 2. Sold All: 29 Reduced: 106 Increased: 97 New Position: 53.

Pinnacle Foods Inc. is a manufacturer, marketer and distributor of branded food products in North America. The company has market cap of $6.76 billion. The Firm operates through four divisions: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. It has a 37.16 P/E ratio. 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.

The stock decreased 0.21% or $0.12 during the last trading session, reaching $56.93. About 718,966 shares traded. Pinnacle Foods Inc (NYSE:PF) has risen 41.67% since October 13, 2016 and is uptrending. It has outperformed by 24.97% the S&P500.

Analysts await Pinnacle Foods Inc (NYSE:PF) to report earnings on October, 26. They expect $0.58 earnings per share, up 9.43 % or $0.05 from last year’s $0.53 per share. PF’s profit will be $68.87 million for 24.54 P/E if the $0.58 EPS becomes a reality. After $0.53 actual earnings per share reported by Pinnacle Foods Inc for the previous quarter, Wall Street now forecasts 9.43 % EPS growth.

Levin Capital Strategies L.P. holds 3.21% of its portfolio in Pinnacle Foods Inc for 3.10 million shares. Chase Investment Counsel Corp owns 84,429 shares or 2.43% of their US portfolio. Moreover, Train Babcock Advisors Llc has 1.73% invested in the company for 67,093 shares. The Colorado-based Three Peaks Capital Management Llc has invested 1.58% in the stock. Bluemountain Capital Management Llc, a New York-based fund reported 1.22 million shares.#img1#

Pinnacle Foods Inc (NYSE:PF) Ratings Coverage

Ratings analysis reveals 92% of Pinnacle Foods Inc’s analysts are positive. Out of 13 Wall Street analysts rating Pinnacle Foods Inc, 12 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $42 while the high is $68. The stock’s average target of $61.36 is 7.78% above today’s ($56.93) share price. PF was included in 26 notes of analysts from October 19, 2015. The stock of Pinnacle Foods Inc (NYSE:PF) has “Neutral” rating given on Monday, October 19 by Buckingham Research. Credit Suisse maintained Pinnacle Foods Inc (NYSE:PF) on Wednesday, October 4 with “Outperform” rating. On Friday, October 30 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm has “Buy” rating by RBC Capital Markets given on Friday, September 29. On Monday, August 28 the stock rating was maintained by UBS with “Buy”. As per Wednesday, September 6, the company rating was maintained by BMO Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Tuesday, July 25. The rating was upgraded by Buckingham Research on Wednesday, March 2 to “Buy”. Stifel Nicolaus maintained Pinnacle Foods Inc (NYSE:PF) on Monday, September 18 with “Buy” rating. The firm has “Neutral” rating given on Friday, July 29 by DA Davidson.

More recent Pinnacle Foods Inc (NYSE:PF) news were published by: Thestreet.com which released: “Pepsico, Pinnacle Foods Likely to Kick Tires at Hain After Activist Takes Helm” on September 29, 2017. Also Globenewswire.com published the news titled: “Pinnacle Foods To Report Fiscal Q3 Results and Host Conference Call” on October 13, 2017. Nasdaq.com‘s news article titled: “Pinnacle Foods Grows on Acquisitions Despite Industry Woes” with publication date: October 06, 2017 was also an interesting one.

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