Jana Partners LLC Boosted Position in Pinnacle Foods INC Del (PF) by $315.89 Million

Pinnacle Foods Inc. (NYSE:PF) LogoInvestors sentiment decreased to 0.96 in Q2 2018. Its down 0.20, from 1.16 in 2018Q1. It is negative, as 38 investors sold PF shares while 110 reduced holdings. 67 funds opened positions while 75 raised stakes. 107.06 million shares or 2.82% less from 110.17 million shares in 2018Q1 were reported. Barclays Public Ltd invested in 0% or 39,935 shares. Moreover, Price T Rowe Assocs Inc Md has 0.02% invested in Pinnacle Foods Inc. (NYSE:PF) for 1.75 million shares. Channing Cap Ltd Liability Company accumulated 183,149 shares. 14,471 were reported by Stanley. Lord Abbett & Communications Limited Liability Corporation holds 0.02% or 113,577 shares in its portfolio. The New York-based Gamco Investors Et Al has invested 0% in Pinnacle Foods Inc. (NYSE:PF). Amalgamated Bank stated it has 0.04% of its portfolio in Pinnacle Foods Inc. (NYSE:PF). Fmr Limited Liability Co has 0% invested in Pinnacle Foods Inc. (NYSE:PF) for 79,500 shares. 1.01 million were reported by Massachusetts Fin Ser Ma. Comerica National Bank has invested 0% in Pinnacle Foods Inc. (NYSE:PF). Int Group owns 2,206 shares. Earnest Partners Ltd Liability Corp stated it has 70 shares. Cardinal Mngmt Limited Liability Com Ct holds 1.09% of its portfolio in Pinnacle Foods Inc. (NYSE:PF) for 510,827 shares. Capstone Invest Advsr Lc reported 333,617 shares. Alpine Assocs Mgmt Inc reported 1.73 million shares or 3.53% of all its holdings.

Jana Partners Llc increased its stake in Pinnacle Foods Inc Del (PF) by 90.68% based on its latest 2018Q2 regulatory filing with the SEC. Jana Partners Llc bought 4.86M shares as the company’s stock rose 5.59% with the market. The hedge fund held 10.22M shares of the consumer non-durables company at the end of 2018Q2, valued at $664.86 million, up from 5.36M at the end of the previous reported quarter. Jana Partners Llc who had been investing in Pinnacle Foods Inc Del for a number of months, seems to be bullish on the $ market cap company. The stock decreased 100.00% or $66.66 during the last trading session, reaching $0. About 15.06 million shares traded or 1945.42% up from the average. Pinnacle Foods Inc. (NYSE:PF) has risen 13.13% since December 8, 2017 and is uptrending. It has underperformed by 2.49% the S&P500.

Jana Partners Llc, which manages about $11.37 billion and $3.78B US Long portfolio, decreased its stake in Zimmer Biomet Hldgs Inc (ZMH) by 261,545 shares to 2.85 million shares, valued at $317.51M in 2018Q2, according to the filing. It also reduced its holding in Anthem Inc (NYSE:ANTM) by 70,725 shares in the quarter, leaving it with 539,868 shares, and cut its stake in Zayo Group Hldgs Inc (NYSE:ZAYO).

More notable recent Pinnacle Foods Inc. (NYSE:PF) news were published by: Benzinga.com which released: “Some Perspective On A Possible Pinnacle Foods (NYSE:PF) Buyout – Benzinga” on April 20, 2018, also Prnewswire.com with their article: “United PF Partners Celebrates 100 Club Milestone – PRNewswire” published on November 29, 2018, Benzinga.com published: “Conagra (NYSE:CAG)’s Acquisition Of Pinnacle Foods (NYSE:PF): What You Need To Know – Benzinga” on June 27, 2018. More interesting news about Pinnacle Foods Inc. (NYSE:PF) were released by: Seekingalpha.com and their article: “Pinnacle Foods issues preliminary results – Seeking Alpha” published on October 09, 2018 as well as Businesswire.com‘s news article titled: “Pfizer Presents Positive 26-Week Data For PF-05280586, A Potential Biosimilar To Rituximab, At The American Society Of Hematology Annual Meeting – Business Wire” with publication date: December 02, 2018.

Pinnacle Foods Inc. (NYSE:PF) Ratings Coverage

Among 11 analysts covering Pinnacle Foods (NYSE:PF), 0 have Buy rating, 0 Sell and 11 Hold. Therefore 0 are positive. Pinnacle Foods had 11 analyst reports since June 21, 2018 according to SRatingsIntel. The stock of Pinnacle Foods Inc. (NYSE:PF) earned “Hold” rating by Jefferies on Tuesday, October 16. On Wednesday, June 27 the stock rating was downgraded by William Blair to “Hold”. Stifel Nicolaus downgraded Pinnacle Foods Inc. (NYSE:PF) rating on Monday, July 2. Stifel Nicolaus has “Hold” rating and $68 target. The firm has “Hold” rating by Credit Suisse given on Thursday, June 21. The firm earned “Neutral” rating on Friday, July 20 by Buckingham Research. The firm earned “Neutral” rating on Friday, August 3 by JP Morgan. The firm has “Neutral” rating given on Monday, September 24 by PiperJaffray. The rating was downgraded by UBS to “Neutral” on Thursday, June 28. The stock has “Market Perform” rating by BMO Capital Markets on Thursday, June 28. The company was downgraded on Friday, June 29 by RBC Capital Markets.

Pinnacle Foods Inc. (NYSE:PF) Institutional Positions Chart

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