The stock of Pinnacle Foods Inc (NYSE:PF) reached all time high today, Nov, 7 and still has $71.75 target or 38.00% above today’s $51.99 share price. This indicates more upside for the $6.14 billion company. This technical setup was reported by Barchart.com. If the $71.75 PT is reached, the company will be worth $2.33B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 134,620 shares traded hands. Pinnacle Foods Inc (NYSE:PF) has risen 13.75% since April 5, 2016 and is uptrending. It has outperformed by 11.79% the S&P500.
Pinnacle Foods Inc (NYSE:PF) Ratings Coverage
Out of 6 analysts covering Pinnacle Foods Inc (NYSE:PF), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Pinnacle Foods Inc has been the topic of 8 analyst reports since October 19, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, March 2 by Buckingham Research. The firm has “Neutral” rating given on Friday, July 29 by DA Davidson. The stock of Pinnacle Foods Inc (NYSE:PF) has “Neutral” rating given on Wednesday, February 24 by UBS. The stock has “Buy” rating given by Stifel Nicolaus on Friday, July 29. The stock of Pinnacle Foods Inc (NYSE:PF) has “Outperform” rating given on Wednesday, November 25 by RBC Capital Markets. The firm has “Neutral” rating given on Friday, December 11 by DA Davidson. The rating was maintained by BMO Capital Markets with “Market Perform” on Friday, October 30. The firm has “Neutral” rating given on Monday, October 19 by Buckingham Research.
According to Zacks Investment Research, “Pinnacle Foods Inc. is a manufacturer, marketer and distributor of branded food products primarily in North America. The Company operates through three segments: the Birds Eye Frozen Division(R), the Duncan Hines Grocery Division(R) and the Specialty Foods Division(R). It also manufactures and distributes canned meat, shelf-stable pickles and frozen seafood. The Company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centres, convenience stores, dollar stores, drug stores and warehouse clubs. Pinnacle Foods Inc. is headquartered in Parsippany, New Jersey.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.11, from 1.21 in 2016Q1. The ratio dropped, as 38 funds sold all Pinnacle Foods Inc shares owned while 88 reduced positions. 46 funds bought stakes while 93 increased positions. They now own 109.33 million shares or 0.60% less from 109.99 million shares in 2016Q1.
Grp Inc One Trading L P holds 270 shares or 0% of its portfolio. California State Teachers Retirement holds 251,449 shares or 0.03% of its portfolio. Clinton Group Inc has 8,268 shares for 0.02% of their US portfolio. The Massachusetts-based Geode Ltd Co has invested 0.02% in Pinnacle Foods Inc (NYSE:PF). Northern Corp last reported 0.01% of its portfolio in the stock. Moreover, Employees Retirement Of Texas has 0.02% invested in Pinnacle Foods Inc (NYSE:PF) for 36,000 shares. Putnam Investments Ltd Liability Corporation has invested 0.01% of its portfolio in Pinnacle Foods Inc (NYSE:PF). Seven Eight Limited accumulated 0.25% or 15,648 shares. Bnp Paribas last reported 0.01% of its portfolio in the stock. Gabelli Funds Limited Liability Com holds 0% of its portfolio in Pinnacle Foods Inc (NYSE:PF) for 10,000 shares. Brown Advisory holds 0.01% or 42,270 shares in its portfolio. Moore Cap Mngmt Lp holds 225,000 shares or 0.41% of its portfolio. Prudential Financial holds 7,720 shares or 0% of its portfolio. Virginia Retirement Et Al reported 8,700 shares or 0.01% of all its holdings. Cqs Cayman Limited Partnership accumulated 0.02% or 5,500 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 12 insider sales for $9.98 million net activity. On Wednesday, June 8 Steeneck Craig D. sold $901,324 worth of the stock or 20,683 shares. Schiller Mark L. had sold 300 shares worth $15,001. Boever Christopher J. sold $2.51 million worth of stock or 50,000 shares. On Thursday, June 9 the insider Maggs Michael Kelley sold $220,000.
More news for Pinnacle Foods Inc (NYSE:PF) were recently published by: Prnewswire.com, which released: “Research Reports Initiation on Food Stocks — Blue Buffalo Pet Products …” on November 04, 2016. Foodbusinessnews.net‘s article titled: “Pinnacle Foods expands leadership team” and published on October 27, 2016 is yet another important article.
PF Company Profile
Pinnacle Foods Inc., incorporated on July 28, 2003, is a manufacturer, marketer and distributor of branded food products in North America. The Firm operates through three divisions: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Company’s 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.