Quantbot Technologies LP Grows Stake in Pinnacle Foods Inc (PF)

Quantbot Technologies LP lifted its stake in shares of Pinnacle Foods Inc (NYSE:PF) by 22.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,838 shares of the company’s stock after acquiring an additional 4,042 shares during the quarter. Quantbot Technologies LP’s holdings in Pinnacle Foods were worth $1,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fort L.P. acquired a new stake in shares of Pinnacle Foods in the second quarter worth $123,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Pinnacle Foods in the second quarter worth $130,000. Signition LP acquired a new stake in shares of Pinnacle Foods in the second quarter worth $201,000. Engineers Gate Manager LP acquired a new stake in shares of Pinnacle Foods in the second quarter worth $202,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Pinnacle Foods in the second quarter worth $205,000. 94.33% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:PF opened at $66.66 on Friday. Pinnacle Foods Inc has a 1 year low of $52.25 and a 1 year high of $70.51.

Several analysts have recently commented on the company. Jefferies Financial Group cut Pinnacle Foods from a “buy” rating to a “hold” rating and set a $68.00 target price for the company. in a research report on Monday, October 15th. ValuEngine raised Pinnacle Foods from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Zacks Investment Research cut Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, Piper Jaffray Companies cut Pinnacle Foods from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $69.00 to $68.00 in a research report on Monday, September 24th. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Pinnacle Foods has an average rating of “Hold” and a consensus price target of $67.20.

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About Pinnacle Foods

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.

Further Reading: Asset Allocation, Balancing Your Investments

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Institutional Ownership by Quarter for Pinnacle Foods (NYSE:PF)

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