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.

PF has been the topic of several research analyst reports. Zacks Investment Research cut Pinnacle Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. Credit Suisse Group reduced 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. Finally, Buckingham Research reduced 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $65.27.

ILLEGAL ACTIVITY WARNING: This article was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.thecerbatgem.com/2018/02/11/gabelli-funds-llc-has-6-64-million-holdings-in-pinnacle-foods-inc-pf.html.

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.

Want to see what other hedge funds are holding PF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinnacle Foods Inc (NYSE:PF).

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

Receive News & Ratings for Pinnacle Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Foods and related companies with MarketBeat.com's FREE daily email newsletter.