Press coverage about Pinnacle Foods (NYSE:PF) has trended somewhat negative this week, Alpha One reports. The research group, a division of Accern, ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pinnacle Foods earned a news impact score of -0.06 on Alpha One’s scale. Alpha One also assigned news stories about the company an impact score of 39 out of 100, indicating that recent media coverage is unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Alpha One Sentiment Analysis’s analysis:
- Makaira Partners Increases Stake in Liberty Interactive (QVCA … – BZ Weekly (bzweekly.com)
- Pinnacle Foods (PF) Shares Gaining Momentum: Here’s Why (nasdaq.com)
- Pinnacle Foods (PF) Shares Gaining Momentum: Here's Why (finance.yahoo.com)
- Pinnacle Foods, Inc. (PF) Downgraded to “Buy” at BidaskClub (americanbankingnews.com)
- Pinnacle Foods Larger Than S&P 500 Component Xerox (marketnewsvideo.com)
Shares of Pinnacle Foods (PF) traded down 1.13% during trading on Friday, hitting $60.50. The stock had a trading volume of 2,057,469 shares. The firm’s 50 day moving average is $60.01 and its 200 day moving average is $56.31. The company has a market cap of $7.18 billion, a PE ratio of 34.26 and a beta of 0.34. Pinnacle Foods has a 1-year low of $43.00 and a 1-year high of $66.67.
Pinnacle Foods (NYSE:PF) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.04. Pinnacle Foods had a return on equity of 13.97% and a net margin of 6.66%. The company had revenue of $766.10 million for the quarter, compared to the consensus estimate of $766.52 million. During the same quarter last year, the business posted $0.40 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities research analysts anticipate that Pinnacle Foods will post $2.60 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Investors of record on Tuesday, June 6th will be given a $0.285 dividend. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.86%. Pinnacle Foods’s dividend payout ratio (DPR) is presently 64.77%.
Several analysts recently weighed in on PF shares. Morgan Stanley raised Pinnacle Foods from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $58.00 to $63.00 in a report on Monday, April 10th. Deutsche Bank AG lifted their price target on Pinnacle Foods from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Royal Bank of Canada reissued a “buy” rating and set a $66.00 price target on shares of Pinnacle Foods in a report on Friday, April 28th. Credit Suisse Group reissued an “outperform” rating and set a $65.00 price target (up from $62.00) on shares of Pinnacle Foods in a report on Sunday, April 23rd. Finally, Zacks Investment Research cut Pinnacle Foods from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $60.36.
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In related news, CMO Michael J. Barkley sold 1,048 shares of the stock in a transaction on Friday, April 7th. The stock was sold at an average price of $58.25, for a total value of $61,046.00. Following the transaction, the chief marketing officer now owns 12,919 shares of the company’s stock, valued at $752,531.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael J. Barkley sold 10,000 shares of the stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $60.44, for a total value of $604,400.00. Following the completion of the transaction, the executive vice president now directly owns 17,355 shares in the company, valued at approximately $1,048,936.20. The disclosure for this sale can be found here. 1.34% of the stock is owned by corporate insiders.
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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