Pinnacle Foods (PF) Earns Daily Coverage Optimism Score of 0.13

Headlines about Pinnacle Foods (NYSE:PF) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing 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 closest to one being the most favorable. Pinnacle Foods earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.238616839201 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of research analysts have issued reports on PF shares. Buckingham Research reduced their target price on shares of Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Pinnacle Foods from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Tuesday, October 17th. Finally, Credit Suisse Group set a $67.00 price objective on shares of Pinnacle Foods and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $65.27.

Pinnacle Foods (PF) traded down $0.08 on Thursday, reaching $59.01. 1,750,000 shares of the company were exchanged, compared to its average volume of 1,210,000. The firm has a market cap of $7,020.00, a P/E ratio of 39.87, a PEG ratio of 2.70 and a beta of 0.33. Pinnacle Foods has a 12-month low of $52.49 and a 12-month high of $66.67. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.81 and a current ratio of 1.80.

Pinnacle Foods (NYSE:PF) last posted its earnings results on Thursday, October 26th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. The firm had revenue of $749.80 million during the quarter, compared to the consensus estimate of $753.10 million. Pinnacle Foods had a net margin of 5.65% and a return on equity of 14.63%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. analysts expect that Pinnacle Foods will post 2.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Tuesday, December 19th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis 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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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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