Strs Ohio Boosts Stake in Pinnacle Foods Inc (PF)

Strs Ohio increased its position in Pinnacle Foods Inc (NYSE:PF) by 35.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 8,808 shares of the company’s stock after purchasing an additional 2,286 shares during the period. Strs Ohio’s holdings in Pinnacle Foods were worth $570,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PF. Fort L.P. acquired a new position in Pinnacle Foods in the 2nd quarter valued at about $123,000. NumerixS Investment Technologies Inc acquired a new position in Pinnacle Foods in the 2nd quarter valued at about $130,000. Steward Partners Investment Advisory LLC increased its position in Pinnacle Foods by 100.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,194 shares of the company’s stock valued at $143,000 after acquiring an additional 1,100 shares during the period. Signition LP acquired a new position in Pinnacle Foods in the 2nd quarter valued at about $201,000. Finally, Engineers Gate Manager LP acquired a new position in Pinnacle Foods in the 2nd quarter valued at about $202,000. 94.33% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:PF opened at $102.71 on Friday. Pinnacle Foods Inc has a 12 month low of $52.25 and a 12 month high of $70.51.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Tuesday, September 4th were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, August 31st.

Several brokerages recently issued reports on PF. Buckingham Research boosted their price target on Pinnacle Foods from $62.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 20th. Zacks Investment Research cut Pinnacle Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. JPMorgan Chase & Co. cut Pinnacle Foods from an “overweight” rating to a “neutral” rating and set a $64.00 price target on the stock. in a research report on Friday, August 3rd. Jefferies Financial Group cut Pinnacle Foods from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research report on Monday, October 15th. Finally, CL King cut Pinnacle Foods from a “buy” rating to a “neutral” rating in a research report on Thursday, August 2nd. Thirteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $67.20.

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Pinnacle Foods Company Profile

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.

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

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