On an annualized basis, the new dividend increased to $1.14 per share, from the previous annualized rate of $1.02 per share. The ex-dividend date of this dividend is Friday, August 26th.
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Currently, 0.90% shares of Pinnacle Foods Inc (NYSE:PF) are owned by insiders with -10.46% six-month change in the insider ownership.
Pinnacle Foods (NYSE:PF) traded up 0.71% during midday trading on Wednesday, hitting $49.87. Common Sto on the technical side, it is seen that the firm’s shares price is trading $1.29 points away or +2.68% from its 50-day moving average of $48.19. The stock has a market capitalization of $5.88 billion and a price-to-earnings ratio of 29.70. Pinnacle Foods Inc makes up approx 1.50% of Train Babcock Advisors’s portfolio.
Notably, this was the fourth dividend increase by Pinnacle Foods since the initiation of its quarterly dividend program shortly after its IPO in Mar 2013. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. The company had revenue of $756.40 million for the quarter, compared to analysts expectations of $755.62 million.
While evaluating Pinnacle Foods, Inc. The transaction was disclosed in a filing with the SEC, which is available at this link. The shares were sold at an average price of $44.00, for a total transaction of $220,000.00. The Hedge Fund company now holds 80,273 shares of PF which is valued at $3,926,955.
07/29/2016 – Pinnacle Foods, Inc. had its “outperform” rating reiterated by analysts at RBC Capital. Pinnacle Foods is ranked on Fortune Magazine’s 2015 Top 1000 companies list.
03/02/2016 – Pinnacle Foods, Inc. was upgraded to “buy” by analysts at Buckingham Research.
07/29/2016 – Pinnacle Foods, Inc. was upgraded to “buy” by analysts at Stifel Nicolaus.
Pinnacle Foods announced Thursday that the expansion is the result of adding the new brand line EVOL to the Fayetteville plant.
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Pinnacle Foods Group LLC is a leading producer, marketer and distributor of food products and leads the dry and frozen packaged foods segments, with brands such as Duncan Hines, Birds Eye, Mrs. Paul’s, Vlasic, Mrs. Butterworth’s, Wishbone, and Aunt Jemima.
