Pinnacle Foods (PF) : 5 brokerage houses believe that Pinnacle Foods (PF) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pinnacle Foods (PF). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 8 Wall Street Analysts endorse the stock as a Buy with a rating of 1.75.
Pinnacle Foods (PF) : The consensus price target for Pinnacle Foods (PF) is $51.78 for the short term with a standard deviation of $3.35. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $56, however, the pessimist price target for the company is $47.
For the current week, the company shares have a recommendation consensus of Buy. Pinnacle Foods (NYSE:PF): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $49.40 and $49.15 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $49.46, notching a gain of 0.41% for the day. The total traded volume was 694,323 . The stock had closed at $49.26 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP, Secretary, GC) of Pinnacle Foods Inc., Maggs Michael Kelley had sold 5,000 shares worth of $250,750 in a transaction dated August 1, 2016. In this transaction, 5,000 shares were sold at $50.15 per share.
Pinnacle Foods Inc. is a manufacturer, marketer and distributor of food products in North America. The Companys 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. The Company operates through three segments: the Birds Eye Frozen segment, the Duncan Hines Grocery segment and the Specialty Foods segment. The Birds Eye Frozen segment and the Duncan Hines Grocery segment, which collectively represent its North America Retail operations, include Birds Eye, Birds Eye Voila!, Van de Kamps, Mrs. Pauls, Lenders, Celeste, Hungry-Man and Aunt Jemima brands. The Duncan Hines Grocery Segment includes Duncan Hines, Vlasic, Log Cabin, Armour, Brooks and, Nalley brand among others. Specialty Foods Segment consists of Snack Products and Foodservice and Private Label.