Revenue Update on Pinnacle Foods Inc(NYSE:PF)

Pinnacle Foods Inc(NYSE:PF) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $756.38M. Analysts estimated a revenue of $754.89M. Earnings per share were $0.42. Analysts had estimated an EPS of $0.39.

In a different note, On Jul 12, 2016, Goldman Sachs said it Upgrades its rating on Pinnacle Foods Inc. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Buy’ by the firm.

Pinnacle Foods Inc (PF) shares turned negative on Thursdays trading session with the shares closing down -0.08 points or -0.16% at a volume of 9,48,153. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $50.499. The peak price level was also seen at $50.499 while the days lowest was $49.87. Finally the shares closed at $50.13. The 52-week high of the shares is $51.43 while the 52-week low is $38.32. According to the latest information available, the market cap of the company is $5,914 M.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Michael Kelley Maggs (EVP, Secretary, GC) sold 5,000 shares at $46.34 per share price.Also, On Jun 10, 2016, Craig D. Steeneck (EVP, CFO) sold 20,683 shares at $43.58 per share price.On Mar 21, 2016, Mark L. Schiller (EVP, Div. Pres – NA Retail) sold 7,823 shares at $46.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Pinnacle Foods Inc. is a manufacturer marketer and distributor of food products in North America. The Company’s 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 Kamp’s Mrs. Paul’s Lender’s 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.

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