Gabelli Funds LLC Has $6.64 Million Holdings in Pinnacle Foods Inc (PF)
Gabelli Funds LLC boosted its stake in Pinnacle Foods Inc (NYSE:PF) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 111,600 shares of the company’s stock after buying an additional 10,200 shares during the period. Gabelli Funds LLC’s holdings in Pinnacle Foods were worth $6,637,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in PF. Davidson Kempner Capital Management LP purchased a new position in Pinnacle Foods in the 2nd quarter worth approximately $26,730,000. Jana Partners LLC increased its stake in shares of Pinnacle Foods by 49.8% during the third quarter. Jana Partners LLC now owns 1,148,898 shares of the company’s stock valued at $65,682,000 after buying an additional 381,778 shares during the period. Victory Capital Management Inc. increased its stake in shares of Pinnacle Foods by 11.8% during the third quarter. Victory Capital Management Inc. now owns 3,226,031 shares of the company’s stock valued at $184,433,000 after buying an additional 340,654 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of Pinnacle Foods by 47.7% during the third quarter. Alyeska Investment Group L.P. now owns 982,033 shares of the company’s stock valued at $56,143,000 after buying an additional 316,944 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in shares of Pinnacle Foods by 1,202.3% during the fourth quarter. Sit Investment Associates Inc. now owns 325,900 shares of the company’s stock valued at $19,381,000 after buying an additional 300,875 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.
Pinnacle Foods Inc (PF) opened at $57.44 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 1.80. Pinnacle Foods Inc has a 12 month low of $52.81 and a 12 month high of $66.67. The stock has a market capitalization of $6,836.28, a P/E ratio of 23.93, a PEG ratio of 2.61 and a beta of 0.34.
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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