Bank of New York Mellon Corp increased its holdings in shares of Pinnacle Foods, Inc. (NYSE:PF) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 640,741 shares of the company’s stock after acquiring an additional 7,095 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of Pinnacle Foods worth $36,631,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PF. World Asset Management Inc grew its holdings in Pinnacle Foods by 0.9% during the second 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 period. TD Asset Management Inc. boosted its position in Pinnacle Foods by 4.3% during the second quarter. TD Asset Management Inc. now owns 48,100 shares of the company’s stock worth $2,857,000 after purchasing an additional 2,000 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Pinnacle Foods by 277.6% during the second quarter. Canada Pension Plan Investment Board now owns 219,000 shares of the company’s stock worth $13,009,000 after purchasing an additional 161,000 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Pinnacle Foods by 8.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 470,585 shares of the company’s stock worth $27,953,000 after purchasing an additional 38,029 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Pinnacle Foods by 3,843.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 239,832 shares of the company’s stock worth $14,388,000 after purchasing an additional 233,750 shares in 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 down $0.49 during trading hours on Friday, hitting $56.96. The stock had a trading volume of 943,000 shares, compared to its average volume of 1,192,500. 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, Inc. has a twelve month low of $50.19 and a twelve month high of $66.67. The stock has a market capitalization of $6,837.48, a P/E ratio of 23.94, a P/E/G ratio of 2.81 and a beta of 0.33.

Pinnacle Foods (NYSE:PF) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. Pinnacle Foods had a return on equity of 14.63% and a net margin of 5.65%. The business had revenue of $749.80 million for the quarter, compared to the consensus estimate of $753.10 million. During the same period in the prior year, the business earned $0.53 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. sell-side analysts forecast that Pinnacle Foods, Inc. will post 2.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Tuesday, December 19th will be given a $0.325 dividend. The ex-dividend date of this dividend is Monday, December 18th. This represents a $1.30 annualized dividend and a dividend yield of 2.28%. Pinnacle Foods’s dividend payout ratio is currently 87.84%.

A number of analysts have commented on the company. BidaskClub upgraded Pinnacle Foods from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. 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. 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. UBS reiterated a “buy” rating and set a $65.00 target price on shares of Pinnacle Foods in a research report on Monday, August 28th. Finally, Zacks Investment Research upgraded Pinnacle Foods from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target 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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