Pacer Advisors Inc. Has $1.14 Million Position in Pinnacle Foods, Inc. (PF)

Pacer Advisors Inc. lifted its stake in shares of Pinnacle Foods, Inc. (NYSE:PF) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,971 shares of the company’s stock after purchasing an additional 2,473 shares during the quarter. Pacer Advisors Inc.’s holdings in Pinnacle Foods were worth $1,142,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PF. Alps Advisors Inc. increased its stake in Pinnacle Foods by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 8,171 shares of the company’s stock worth $485,000 after acquiring an additional 21 shares during the last quarter. World Asset Management Inc increased its stake in Pinnacle Foods by 0.9% in the 2nd quarter. World Asset Management Inc now owns 4,289 shares of the company’s stock worth $255,000 after acquiring an additional 39 shares during the last quarter. Hanseatic Management Services Inc. increased its stake in Pinnacle Foods by 0.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 18,710 shares of the company’s stock worth $1,111,000 after acquiring an additional 47 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Pinnacle Foods by 1.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,365 shares of the company’s stock worth $556,000 after acquiring an additional 132 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Pinnacle Foods by 0.7% in the 2nd quarter. Stifel Financial Corp now owns 22,881 shares of the company’s stock worth $1,360,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 93.61% of the company’s stock.

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A number of brokerages have weighed in on PF. Zacks Investment Research lowered Pinnacle Foods from a “buy” rating to a “hold” rating in a research note 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 note 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 note on Friday, October 27th. UBS Group AG restated a “buy” rating and issued a $65.00 target price on shares of Pinnacle Foods in a research note on Monday, August 28th. Finally, BidaskClub upgraded Pinnacle Foods from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Pinnacle Foods currently has a consensus rating of “Buy” and a consensus price target of $64.25.

Shares of Pinnacle Foods, Inc. (PF) traded up $0.04 during mid-day trading on Thursday, reaching $55.61. The company had a trading volume of 542,700 shares, compared to its average volume of 1,197,024. The stock has a market cap of $6,613.73, a PE ratio of 23.15, a PEG ratio of 2.72 and a beta of 0.31. Pinnacle Foods, Inc. has a 52 week low of $48.38 and a 52 week high of $66.67. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.80 and a quick ratio of 0.81.

Pinnacle Foods (NYSE:PF) last issued its earnings results on Thursday, October 26th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company 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%. Pinnacle Foods’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS. research analysts anticipate that Pinnacle Foods, Inc. will post 2.55 EPS for the current fiscal year.

Pinnacle Foods 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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