Pinnacle Foods Target of Unusually High Options Trading (PF)
Pinnacle Foods Inc (NYSE:PF) saw unusually large options trading activity on Tuesday. Stock traders acquired 6,300 put options on the company. This is an increase of approximately 1,202% compared to the typical daily volume of 484 put options.
Pinnacle Foods (NYSE PF) opened at $59.15 on Friday. The company has a market cap of $7,040.00, a price-to-earnings ratio of 39.97, a PEG ratio of 2.69 and a beta of 0.33. Pinnacle Foods has a 1-year low of $52.51 and a 1-year 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 announced its earnings results on Thursday, October 26th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $749.80 million for the quarter, compared to analysts’ expectations of $753.10 million. Pinnacle Foods had a net margin of 5.65% and a return on equity of 14.63%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. analysts predict that Pinnacle Foods will post 2.55 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Hanseatic Management Services Inc. increased its holdings in shares of Pinnacle Foods by 0.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 18,710 shares of the company’s stock valued at $1,111,000 after acquiring an additional 47 shares during the period. 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 valued at $1,360,000 after buying an additional 155 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Pinnacle Foods by 7.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,691 shares of the company’s stock valued at $279,000 after buying an additional 317 shares during the period. Castleark Management LLC increased its stake in Pinnacle Foods by 0.4% in the 2nd quarter. Castleark Management LLC now owns 81,590 shares of the company’s stock valued at $4,846,000 after buying an additional 320 shares during the period. Finally, Sterling Capital Management LLC increased its stake in Pinnacle Foods by 0.8% in the 2nd quarter. Sterling Capital Management LLC now owns 43,250 shares of the company’s stock valued at $2,569,000 after buying an additional 343 shares during the period. 95.21% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on PF shares. Zacks Investment Research cut shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Credit Suisse Group cut their price objective on shares of Pinnacle Foods from $64.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, October 27th. Finally, Buckingham Research cut their target price on shares of Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Pinnacle Foods currently has an average rating of “Buy” and an average price target of $65.27.
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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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