Pinnacle Foods, Inc. (PF) Holdings Trimmed by Barings LLC

Barings LLC lessened its holdings in shares of Pinnacle Foods, Inc. (NYSE:PF) by 66.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,700 shares of the company’s stock after selling 7,400 shares during the quarter. Barings LLC’s holdings in Pinnacle Foods were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Alps Advisors Inc. increased its position in Pinnacle Foods by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,171 shares of the company’s stock worth $485,000 after buying an additional 21 shares during the last quarter. World Asset Management Inc grew its position in shares of Pinnacle Foods by 0.9% in the second quarter. World Asset Management Inc now owns 4,289 shares of the company’s stock valued at $255,000 after purchasing an additional 39 shares during the last quarter. Hanseatic Management Services Inc. grew its position in shares of Pinnacle Foods by 0.3% in the second quarter. Hanseatic Management Services Inc. now owns 18,710 shares of the company’s stock valued at $1,111,000 after purchasing an additional 47 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Pinnacle Foods by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 9,365 shares of the company’s stock valued at $556,000 after purchasing an additional 132 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of Pinnacle Foods by 0.7% in the second quarter. Stifel Financial Corp now owns 22,881 shares of the company’s stock valued at $1,360,000 after purchasing an additional 155 shares during the last quarter. 95.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Pinnacle Foods, Inc. (NYSE PF) traded up $0.23 during mid-day trading on Thursday, hitting $57.45. The company had a trading volume of 841,400 shares, compared to its average volume of 1,193,562. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $6,810.10, a PE ratio of 23.84, a P/E/G ratio of 2.80 and a beta of 0.33. Pinnacle Foods, Inc. has a fifty-two week low of $49.20 and a fifty-two week high of $66.67.

Pinnacle Foods (NYSE:PF) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The business had revenue of $749.80 million during the quarter, compared to analysts’ expectations of $753.10 million. Pinnacle Foods had a return on equity of 14.63% and a net margin of 5.65%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. equities research analysts predict that Pinnacle Foods, Inc. will post 2.55 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Credit Suisse Group decreased their target price on Pinnacle Foods from $64.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. Buckingham Research decreased their target price 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. UBS reaffirmed a “buy” rating and issued a $65.00 target price on shares of Pinnacle Foods in a research report on Monday, August 28th. Finally, BidaskClub raised Pinnacle Foods from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $64.25.

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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.

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

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