News coverage about Pinnacle Foods (NYSE:PF) has trended somewhat positive on Monday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pinnacle Foods earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1433475626673 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
PF has been the topic of a number of recent analyst reports. Credit Suisse Group cut their price objective on Pinnacle Foods from $64.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research raised Pinnacle Foods from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Tuesday, October 17th. Finally, Buckingham Research cut their price objective on Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Pinnacle Foods presently has a consensus rating of “Buy” and a consensus target price of $65.27.
Pinnacle Foods (PF) traded up $0.14 during trading on Monday, hitting $59.15. The company had a trading volume of 1,335,300 shares, compared to its average volume of 1,250,000. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 1.80. The firm has a market capitalization of $7,040.00, a price-to-earnings ratio of 39.97, a P/E/G ratio of 2.69 and a beta of 0.33. Pinnacle Foods has a one year low of $52.51 and a one year high of $66.67.
Pinnacle Foods (NYSE:PF) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.58 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.58. Pinnacle Foods had a return on equity of 14.63% and a net margin of 5.65%. The company had revenue of $749.80 million for the quarter, compared to analyst estimates of $753.10 million. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. analysts predict that Pinnacle Foods will post 2.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 19th were paid a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 2.20%. The ex-dividend date was Monday, December 18th. Pinnacle Foods’s dividend payout ratio (DPR) is presently 87.84%.
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About Pinnacle Foods
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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