HRS Investment Holdings LLC Takes $1.95 Million Position in PINNACLE FOODS INC Common Stock (PF)

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HRS Investment Holdings LLC bought a new position in PINNACLE FOODS INC Common Stock (NYSE:PF) in the second quarter, HoldingsChannel.com reports. The firm bought 30,000 shares of the company’s stock, valued at approximately $1,952,000.

A number of other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. raised its stake in PINNACLE FOODS INC Common Stock by 0.5% in the 2nd quarter. BlackRock Inc. now owns 4,847,490 shares of the company’s stock worth $315,380,000 after acquiring an additional 23,096 shares during the last quarter. Levin Capital Strategies L.P. raised its stake in PINNACLE FOODS INC Common Stock by 17.0% in the 2nd quarter. Levin Capital Strategies L.P. now owns 3,509,065 shares of the company’s stock worth $228,300,000 after acquiring an additional 509,511 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in PINNACLE FOODS INC Common Stock by 4.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,038,973 shares of the company’s stock worth $110,308,000 after acquiring an additional 77,612 shares during the last quarter. Alpine Associates Management Inc. raised its stake in PINNACLE FOODS INC Common Stock by 1,924.2% in the 2nd quarter. Alpine Associates Management Inc. now owns 1,732,341 shares of the company’s stock worth $113,815,000 after acquiring an additional 1,646,761 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in PINNACLE FOODS INC Common Stock by 1.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,524,725 shares of the company’s stock worth $82,486,000 after acquiring an additional 18,213 shares during the last quarter. Institutional investors own 94.54% of the company’s stock.

Shares of PF opened at $66.11 on Friday. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 2.85 and a beta of 0.47. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 1.51. PINNACLE FOODS INC Common Stock has a fifty-two week low of $52.25 and a fifty-two week high of $70.51.

PINNACLE FOODS INC Common Stock (NYSE:PF) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. PINNACLE FOODS INC Common Stock had a return on equity of 13.96% and a net margin of 19.14%. The company had revenue of $741.80 million for the quarter, compared to the consensus estimate of $749.29 million. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. analysts expect that PINNACLE FOODS INC Common Stock will post 2.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Tuesday, September 4th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, August 31st. PINNACLE FOODS INC Common Stock’s dividend payout ratio (DPR) is presently 50.98%.

Several brokerages have weighed in on PF. Zacks Investment Research raised PINNACLE FOODS INC Common Stock from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, July 10th. Barclays downgraded PINNACLE FOODS INC Common Stock from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 29th. Deutsche Bank downgraded PINNACLE FOODS INC Common Stock from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Stifel Nicolaus downgraded PINNACLE FOODS INC Common Stock from a “buy” rating to a “hold” rating and increased their price target for the stock from $63.00 to $68.00 in a research report on Monday, July 2nd. Finally, BMO Capital Markets downgraded PINNACLE FOODS INC Common Stock from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 28th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. PINNACLE FOODS INC Common Stock currently has an average rating of “Hold” and an average price target of $67.20.

PINNACLE FOODS INC Common Stock Profile

Pinnacle Foods Inc manufactures, markets, and distributes branded convenience food products in North America. It operates through four segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza, and full-calorie single-serve frozen dinners and entrées under the Birds Eye, Birds Eye Voila!, Van de Kamp's, Mrs.

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Want to see what other hedge funds are holding PF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PINNACLE FOODS INC Common Stock (NYSE:PF).

Institutional Ownership by Quarter for PINNACLE FOODS INC Common Stock (NYSE:PF)

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