News articles about Pinnacle Foods (NYSE:PF) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pinnacle Foods earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.3958534327313 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- What Does MACD Oscillator Analysis predict about Pinnacle Foods Inc. (NYSE:PF)? – The Oracle Examiner (oracleexaminer.com)
- ETFs with exposure to Pinnacle Foods, Inc. : November 13, 2017 (finance.yahoo.com)
- Notable Friday Option Activity: CMG, AAPL, PF (marketnewsvideo.com)
- $916.68 Million in Sales Expected for Pinnacle Foods, Inc. (PF) This Quarter (americanbankingnews.com)
- Let Birds Eye Make This Season So Veggie Good™ (finance.yahoo.com)
Several analysts have issued reports on PF shares. Royal Bank Of Canada reissued an “outperform” rating and set a $67.00 price target (up previously from $66.00) on shares of Pinnacle Foods in a report on Tuesday, July 25th. Zacks Investment Research raised Pinnacle Foods from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Credit Suisse Group cut their price target on Pinnacle Foods from $64.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, October 27th. UBS AG reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Pinnacle Foods in a research note on Monday, August 28th. Finally, Buckingham Research dropped their price objective on Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.25.
Shares of Pinnacle Foods (PF) opened at $55.00 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.80 and a quick ratio of 0.81. The company has a market capitalization of $6,430.44, a PE ratio of 22.51, a P/E/G ratio of 2.27 and a beta of 0.31. Pinnacle Foods has a 52-week low of $47.66 and a 52-week high of $66.67.
Pinnacle Foods (NYSE:PF) last posted its earnings results on Thursday, October 26th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. The company had revenue of $749.80 million for the quarter, compared to the consensus estimate of $753.10 million. Pinnacle Foods had a return on equity of 14.63% and a net margin of 5.65%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share. analysts anticipate that Pinnacle Foods will post 2.55 EPS for the current fiscal year.
In other Pinnacle Foods news, EVP Mark L. Schiller sold 17,038 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $60.61, for a total transaction of $1,032,673.18. Following the sale, the executive vice president now directly owns 74,832 shares in the company, valued at $4,535,567.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.34% of the stock is currently owned by insiders.
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Pinnacle Foods Company 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.
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