Eagle Asset Management Inc. raised its position in shares of Pinnacle Foods Inc. (NYSE:PF) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 581,276 shares of the company’s stock after buying an additional 7,131 shares during the period. Eagle Asset Management Inc. owned approximately 0.49% of Pinnacle Foods worth $29,162,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Metropolitan Life Insurance Co. NY raised its position in shares of Pinnacle Foods by 0.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,417 shares of the company’s stock worth $158,000 after buying an additional 19 shares in the last quarter. YHB Investment Advisors Inc. raised its position in shares of Pinnacle Foods by 0.3% in the second quarter. YHB Investment Advisors Inc. now owns 15,070 shares of the company’s stock worth $698,000 after buying an additional 50 shares in the last quarter. FNY Managed Accounts LLC raised its position in shares of Pinnacle Foods by 3.9% in the second quarter. FNY Managed Accounts LLC now owns 3,600 shares of the company’s stock worth $167,000 after buying an additional 136 shares in the last quarter. Utah Retirement Systems raised its position in shares of Pinnacle Foods by 1.0% in the second quarter. Utah Retirement Systems now owns 21,000 shares of the company’s stock worth $972,000 after buying an additional 200 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Pinnacle Foods by 5.3% in the second quarter. State of Alaska Department of Revenue now owns 4,511 shares of the company’s stock worth $208,000 after buying an additional 227 shares in the last quarter.

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

Pinnacle Foods Inc. (NYSE:PF) traded up 1.02% on Friday, reaching $50.44. 340,995 shares of the company traded hands. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 29.51 and a beta of 0.34. The stock has a 50 day moving average of $50.35 and a 200-day moving average of $48.07. Pinnacle Foods Inc. has a 1-year low of $39.15 and a 1-year high of $52.79.

Pinnacle Foods (NYSE:PF) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The company earned $758.80 million during the quarter, compared to analyst estimates of $773.54 million. Pinnacle Foods had a net margin of 6.76% and a return on equity of 13.25%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. On average, equities analysts anticipate that Pinnacle Foods Inc. will post $2.14 EPS for the current year.

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Several equities analysts have commented on PF shares. RBC Capital Markets reiterated an “outperform” rating and set a $56.00 price objective (up previously from $54.00) on shares of Pinnacle Foods in a research report on Monday, August 1st. Zacks Investment Research lowered shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Monday, October 17th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Pinnacle Foods in a research report on Friday, October 21st. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Pinnacle Foods presently has a consensus rating of “Buy” and an average target price of $53.00.

In other news, EVP Michael Kelley Maggs sold 5,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $50.10, for a total transaction of $250,500.00. Following the transaction, the executive vice president now owns 55,951 shares of the company’s stock, valued at approximately $2,803,145.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Christopher J. Boever sold 71,346 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $51.29, for a total transaction of $3,659,336.34. Following the transaction, the executive vice president now directly owns 95,565 shares in the company, valued at approximately $4,901,528.85. The disclosure for this sale can be found here. Company insiders own 2.75% of the company’s stock.

Pinnacle Foods Company Profile

Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through three segments: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Birds Eye Frozen segment manages its brands in the United States retail frozen vegetables (Birds Eye), frozen complete bagged meals (Birds Eye Voila!), and frozen seafood (Van de Kamp’s and Mrs.

5 Day Chart for NYSE:PF

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