Anti-Pinnacle Foods Inc Institutional Investors Sentiment Runs Low in 2018 Q2

October 2, 2018 - By Dolores Ford

Pinnacle Foods Inc. (NYSE:PF) Logo

Sentiment for Pinnacle Foods Inc (NYSE:PF)

Pinnacle Foods Inc (NYSE:PF) institutional sentiment decreased to 0.96 in 2018 Q2. Its down -0.20, from 1.16 in 2018Q1. The ratio has dropped, as 142 investment managers increased and opened new stock positions, while 148 reduced and sold holdings in Pinnacle Foods Inc. The investment managers in our partner’s database reported: 107.06 million shares, down from 110.17 million shares in 2018Q1. Also, the number of investment managers holding Pinnacle Foods Inc in their top 10 stock positions increased from 1 to 7 for an increase of 6. Sold All: 38 Reduced: 110 Increased: 75 New Position: 67.

Pinnacle Foods Inc. manufactures, markets, and distributes branded convenience food products in North America. The company has market cap of $7.70 billion. It operates through four divisions: Frozen, Grocery, Boulder, and Specialty. It has a 12.83 P/E ratio. The Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza, full-calorie single-serve frozen dinners and entrées, and frozen pancakes/waffles/French toast under the Birds Eye, Birds Eye Voila!, Birds Eye Signature Skillets, Van de Kamp's, Mrs.

The stock increased 0.20% or $0.13 during the last trading session, reaching $64.6. About 269,460 shares traded. Pinnacle Foods Inc. (NYSE:PF) has risen 13.13% since October 2, 2017 and is uptrending. It has underperformed by 2.49% the S&P500.

Analysts await Pinnacle Foods Inc. (NYSE:PF) to report earnings on October, 25. They expect $0.69 earnings per share, up 18.97 % or $0.11 from last year’s $0.58 per share. PF’s profit will be $82.19 million for 23.41 P/E if the $0.69 EPS becomes a reality. After $0.59 actual earnings per share reported by Pinnacle Foods Inc. for the previous quarter, Wall Street now forecasts 16.95 % EPS growth.

Jana Partners Llc holds 17.6% of its portfolio in Pinnacle Foods Inc. for 10.22 million shares. Levin Capital Strategies L.P. owns 3.51 million shares or 3.94% of their US portfolio. Moreover, Kellner Capital Llc has 3.76% invested in the company for 134,400 shares. The New Jersey-based Alpine Associates Management Inc. has invested 3.53% in the stock. Magnetar Financial Llc, a Illinois-based fund reported 2.70 million shares.

Since January 1, 0001, it had 0 buys, and 3 insider sales for $1.25 million activity.

Pinnacle Foods Inc. (NYSE:PF) Ratings Coverage

Ratings analysis reveals 17% of Pinnacle Foods’s analysts are positive. Out of 12 Wall Street analysts rating Pinnacle Foods, 2 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $64 while the high is $6800. The stock’s average target of $61.75 is -4.41% below today’s ($64.6) share price. PF was included in 16 notes of analysts from April 3, 2018. PiperJaffray downgraded Pinnacle Foods Inc. (NYSE:PF) rating on Monday, September 24. PiperJaffray has “Neutral” rating and $67.5 target. The stock has “Hold” rating by Credit Suisse on Thursday, June 21. On Friday, May 4 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, June 29. The firm has “Overweight” rating by Morgan Stanley given on Friday, May 4. The firm has “Hold” rating by Deutsche Bank given on Wednesday, June 27. The rating was downgraded by JP Morgan to “Neutral” on Friday, August 3. The company was downgraded on Thursday, June 28 by UBS. William Blair downgraded the stock to “Hold” rating in Wednesday, June 27 report. Stifel Nicolaus downgraded the shares of PF in report on Monday, July 2 to “Hold” rating.

Another recent and important Pinnacle Foods Inc. (NYSE:PF) news was published by Seekingalpha.com which published an article titled: “ConAgra Brands trades weak after earnings” on September 27, 2018.

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

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