Pinnacle Foods Company Profile (NYSE:PF)

Pinnacle Foods trades on the New York Stock Exchange (NYSE) under the ticker symbol "PF."

Pinnacle Foods announced a quarterly dividend on Wednesday, August 16th. Stockholders of record on Tuesday, August 29th will be given a dividend of $0.325 per share on Monday, October 9th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, August 25th. This is a boost from Pinnacle Foods's previous quarterly dividend of $0.29. View Pinnacle Foods' Dividend History.

Pinnacle Foods, Inc. (NYSE:PF) posted its quarterly earnings results on Thursday, July, 27th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $744.61 million for the quarter, compared to analysts' expectations of $764.41 million. Pinnacle Foods had a return on equity of 14.47% and a net margin of 5.82%. Pinnacle Foods's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.42 earnings per share. View Pinnacle Foods' Earnings History.

Pinnacle Foods issued an update on its FY17 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $2.55-2.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.59.

11 analysts have issued 1-year target prices for Pinnacle Foods' shares. Their forecasts range from $60.00 to $68.00. On average, they expect Pinnacle Foods' share price to reach $65.00 in the next twelve months. View Analyst Ratings for Pinnacle Foods.

Here are some recent quotes from research analysts about Pinnacle Foods stock:

• 1. According to Zacks Investment Research, "Shares of Pinnacle Foods have outperformed the industry in the last six months. Recently, it reported mixed second-quarter 2017 results, wherein earnings beat the estimates, revenues lagged the same. Also, its sales fell in the quarter due to the negative impact from the sale of its low-margin businesses that comprised Aunt Jemima retail and foodservice frozen breakfast products. Also, it was hurt by the impact from the closing of Boulder UK operations and SKU rationalization program. Nevertheless, Pinnacle Foods’ strong portfolio, acquisitions and productivity efficiency initiatives remain encouraging. Going forward, the exit of AJ business is likely to hurt results. Management expects its adjusted earnings for 2017 to be at the lower end of the previous guided range. Meanwhile, its Specialty segment has been witnessing sluggishness now and expects to remain challenged in 2017. Notably, estimates have also declined in the last seven days." (7/31/2017)
• 2. Royal Bank Of Canada analysts commented, "Following yesterday's 4Q release, we are raising our estimates to reflect more favorable interest costs and tax treatment. We are also raising our price target to reflect gross margin upside and ongoing market share gains (albeit with near-term packaged food volume softness). We continue to believe the company's 300bps-400bps margin expansion by '19 is achievable, with further long-term M&A upside from acquisitions and a potential sale' Increasing our 2017 and 2018 estimates to reflect more favorable term loan financing and lower taxes; raising target on improved sales visibility: Following the company's 4Q results, we are increasing our 2017 and 2018 adjusted EPS estimates from $2.54 and $2.74 to $2.59 (+21% YOY; cons. $2.51; new guidance $2.55-$2.60) and $2.89 (+12% YOY; cons. $2.72). Our higher '17 EPS includes $0.15 (or 7pp) of below-the-line or one-time benefits (i.e. 53rd week, lower interest, new accounting practice). That said, excluding these items the company still aims to grow EPS by double-digits. In our view, Pinnacle continues to increase its growth gap with larger US Food peers (with the help of brands like Birds Eye, Udi's and gardein) and strong earnings upside potential (with the help of Boulder synergies, 350bps-400bps of annual productivity, and further M&A upside). We increase our price target with to $64 (from $56) which equals 22x our '18 EPS." (2/24/2017)

Some companies that are related to Pinnacle Foods include ConAgra Foods (CAG), J.M. Smucker Company (The) (SJM), Church & Dwight Company (CHD), McCormick & Company, Incorporated (MKC), Brf S.A. (BRFS), Aramark (ARMK), Ingredion Incorporated (INGR), Campari Group (DVDCY), Pilgrim's Pride Corporation (PPC), Lamb Weston Holdings (LW), Service Corporation International (SCI), Spectrum Brands Holdings (SPB), Post Holdings (POST), Compania Cervecerias Unidas, S.A. (CCU), Blue Buffalo Pet Products (BUFF), The Hain Celestial Group (HAIN), Energizer Holdings (EPC) and Tate & Lyle PLC (TATYY).

Pinnacle Foods' management team includes the folowing people:

• Roger K. Deromedi, Independent Chairman of the Board, Lead Director
• Mark A. Clouse, Chief Executive Officer, Director
• Craig D. Steeneck CPA, Chief Financial Officer, Executive Vice President
• Mary Beth DeNooyer, Chief Human Resource Officer, Executive Vice President
• Michael Barkley, Executive Vice President - Meals and Sides and Chief Marketing Officer
• Michael Kelley Maggs Sr., Executive Vice President, General Counsel, Secretary
• Michael Allen, Executive Vice President and President - Boulder
• Christopher James Boever, Executive Vice President, Chief Customer Officer
• Mark L. Schiller, President - North division, Executive Vice President
• D. Michael Wittman, Executive Vice President and Chief Supply Chain Officer

Pinnacle Foods' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.70%), Capital World Investors (7.89%), BlackRock Inc. (4.20%), TIAA CREF Investment Management LLC (3.27%), Victory Capital Management Inc. (2.43%) and Renaissance Technologies LLC (2.15%). Company insiders that own Pinnacle Foods stock include Christopher J Boever, Craig D Steeneck, Ioannis Skoufalos, Mark A Clouse, Mark L Schiller, Michael J Barkley and Michael Kelley Maggs. View Institutional Ownership Trends for Pinnacle Foods.

Pinnacle Foods' stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Iridian Asset Management LLC CT, Wells Fargo & Company MN, Fred Alger Management Inc., Balyasny Asset Management LLC, TIAA CREF Investment Management LLC, Eaton Vance Management and BlackRock Inc.. Company insiders that have sold Pinnacle Foods stock in the last year include Christopher J Boever, Craig D Steeneck, Mark L Schiller, Michael J Barkley and Michael Kelley Maggs. View Insider Buying and Selling for Pinnacle Foods.

Pinnacle Foods' stock was bought by a variety of institutional investors in the last quarter, including BlueMountain Capital Management LLC, Renaissance Technologies LLC, Vanguard Group Inc., Capital World Investors, JPMorgan Chase & Co., Columbus Circle Investors, Principal Financial Group Inc. and Capital Fund Management S.A.. Company insiders that have bought Pinnacle Foods stock in the last two years include Ioannis Skoufalos and Mark A Clouse. View Insider Buying and Selling for Pinnacle Foods.

Shares of Pinnacle Foods can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Pinnacle Foods stock can currently be purchased for approximately $60.74.