Is Pinnacle Foods Inc a Buy? The Stock Had Bullish Options Activity Today

 Is Pinnacle Foods Inc a Buy? The Stock Had Bullish Options Activity Today

In today’s session Pinnacle Foods Inc (PF) registered an unusually high (1,256) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious PF increase. With 1,256 contracts traded and 28624 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PF161216C00050000 closed last at: $1.65 or 6.5% up. The stock decreased 1.07% or $0.54 on November 23, hitting $49.93. About 632,462 shares traded hands. Pinnacle Foods Inc (NYSE:PF) has risen 13.40% since April 22, 2016 and is uptrending. It has outperformed by 7.99% the S&P500.

Analysts await Pinnacle Foods Inc (NYSE:PF) to report earnings on February, 23. They expect $0.79 earnings per share, up 12.86% or $0.09 from last year’s $0.7 per share. PF’s profit will be $94.14 million for 15.80 P/E if the $0.79 EPS becomes a reality. After $0.53 actual earnings per share reported by Pinnacle Foods Inc for the previous quarter, Wall Street now forecasts 49.06% EPS growth.

Pinnacle Foods Inc (NYSE:PF) Ratings Coverage

Out of 6 analysts covering Pinnacle Foods Inc (NYSE:PF), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Pinnacle Foods Inc has been the topic of 9 analyst reports since October 19, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Friday, October 30 by BMO Capital Markets. The firm earned “Neutral” rating on Friday, July 29 by DA Davidson. The rating was initiated by UBS on Wednesday, February 24 with “Neutral”. As per Friday, December 11, the company rating was initiated by DA Davidson. Buckingham Research initiated Pinnacle Foods Inc (NYSE:PF) on Monday, October 19 with “Neutral” rating. The stock of Pinnacle Foods Inc (NYSE:PF) has “Outperform” rating given on Wednesday, November 25 by RBC Capital Markets. The stock of Pinnacle Foods Inc (NYSE:PF) earned “Buy” rating by UBS on Monday, November 14. Buckingham Research upgraded the stock to “Buy” rating in Wednesday, March 2 report. The rating was upgraded by Stifel Nicolaus to “Buy” on Friday, July 29.

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 increased to 1.34 in 2016 Q2. Its up 0.24, from 1.1 in 2016Q1. The ratio improved, 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.
Suffolk Ltd Liability Corporation reported 133,302 shares or 0.79% of all its holdings. The New York-based Jpmorgan Chase & Co has invested 0% in Pinnacle Foods Inc (NYSE:PF). Walleye Trading Ltd Liability Co accumulated 0.01% or 19,170 shares. Group One Trading Limited Partnership holds 270 shares or 0% of its portfolio. First Corporation In holds 345 shares or 0.01% of its portfolio. Brant Point Inv Mgmt Ltd Llc owns 177,700 shares or 0.77% of their US portfolio. Teachers Inc holds 2.68 million shares or 0.22% of its portfolio. Ftb Advsrs Incorporated accumulated 62 shares or 0% of the stock. Levin Cap Strategies L P has 3.83% invested in the company for 4.60M shares. Blackrock Advsr Lc accumulated 0.02% or 522,075 shares. The Maryland-based Sandy Spring Fincl Bank has invested 0.34% in Pinnacle Foods Inc (NYSE:PF). Tudor Investment Et Al owns 12,729 shares or 0.01% of their US portfolio. Moreover, Wellington Mgmt Grp Limited Liability Partnership has 0% invested in Pinnacle Foods Inc (NYSE:PF) for 79,196 shares. Sei Communications accumulated 0% or 13,531 shares. Lpl Fincl Lc reported 6,932 shares or 0% of all its holdings.

Insider Transactions: Since June 8, 2016, the stock had 1 buying transaction, and 13 sales for $10.81 million net activity. Another trade for 5,000 shares valued at $250,487 was made by Maggs Michael Kelley on Monday, October 3. Shares for $186,901 were sold by Boever Christopher J.. Another trade for 300 shares valued at $15,001 was sold by Schiller Mark L.. The insider Steeneck Craig D. sold $1.31M. The insider Clouse Mark A. bought 10,000 shares worth $476,443.

Pinnacle Foods Inc. is a manufacturer, marketer and distributor of branded food products in North America. The company has a market cap of $5.95 billion. The Firm operates through three divisions: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. It has a 29.09 P/E ratio. The Birds Eye Frozen segment manages its brands in the United States retail frozen vegetables , frozen complete bagged meals (Birds Eye Voila!), and frozen seafood (Van de Kamp’s and Mrs.

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.

More news for Pinnacle Foods Inc (NYSE:PF) were recently published by: Forbes.com, which released: “Pinnacle Foods Becomes Oversold (PF)” on November 10, 2016. Equitiesfocus.com‘s article titled: “Pinnacle Foods, Inc. (NYSE:PF) PEG Ratio At 2.21” and published on November 24, 2016 is yet another important article.

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