|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||59.48 - 61.97|
|52 Week Range||52.25 - 66.67|
|PE Ratio (TTM)||13.61|
|Forward Dividend & Yield||1.30 (2.35%)|
|1y Target Est||N/A|
Pinnacle Foods Inc. shares surged almost 10% Friday, after activist hedge fund Jana Partners LLC said it has amassed a 9.1% stake in the owner of the Birds Eye brand and urged management to consider selling the company. Jana said it would have talks with Pinnacle (PF) management to suggest improvements to its operations and ways to lower costs.
In a Thursday 13-D filing , Jana Capital Partners disclosed a 9.1-percent stake in PINNACLE FOODS INC Common Stock (NYSE: PF ). The hedge fund said it intends to engage in discussion with Pinnacle Foods' ...
On Thursday, activist investor Jana Partners revealed that it has big plans for Pinnacle Foods Inc. ( PF) after disclosing a 9.1% stake in the packaged foods manufacturer. In a regulatory filing, the New York-based hedge fund said it is keen to explore a range of options with Pinnacle, including a potential sale. “We are aware that Jana Partners has made a 13D filing regarding its investment in Pinnacle Foods,” a Pinnacle spokesperson said in an email to Reuters.
Inc. and lined up possible board nominees in a push to make changes at the food company. Jana has been accumulating a stake in Pinnacle for several quarters, as investors and analysts speculated whether Pinnacle would consider a sale to a larger packaged-food rival. Jana disclosed a 9.1% “active” stake in Pinnacle in a securities filing Thursday and said it intended to reach the company’s board and management to discuss actions to improve operations and lower costs.
Activist hedge fund Jana Partners LLC has disclosed a 9.1% stake in Pinnacle Foods Inc. , a packaged foods company whose brands include Duncan Hines baking mixes and Birds Eye frozen vegetables. In a filing ...
Jana Partners, the activist fund run by Barry Rosenstein, disclosed a stake in Pinnacle Foods Inc. and is urging the packaged food manufacturer to explore a sale or another transactions in the frozen food ...
jumped in after-hours trading after activist fund Jana Partners revealed it had taken a 9.1 per cent stake in the company and wanted to have discussions with management about options including a potential sale. Jana paid $599.5m for 10.8 shares in the company behind brands including Birds Eye frozen foods, Aunt Jemima pancakes and Log Cabin maple syrup, according to an SEC filing. Pinnacle shares ended Thursday’s session 2.6 per cent lower at $55.20 before the filing was released, and down 7.2 per cent for the year.
BRF S.A. (BRFS) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
Short interest is extremely low for PF with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PF. ETFs that hold PF had net inflows of $2.36 billion over the last one-month.
Pinnacle Foods (PF) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Pinnacle Foods' market share gains from its well-planned buyouts. Its cost-saving efforts are also yielding well. However, rising costs and sluggish Specialty segment remain woes.
Highly rated US leveraged loan issuers such as packaged foods company Pinnacle Foods and auto parts maker Allison Transmission are taking advantage of strong investor appetite for floating-rate assets to further cut borrowing costs. First-lien institutional term loan spreads are averaging 337bp in 2018 so far, which takes spreads to their lowest point since 2007, Thomson Reuters LPC data shows. Average spreads for BB-rated issuers are 236bp, versus 363bp for B-rated issuers.
The AJ exit and Boulder SKU rationalization negatively impact Pinnacle Foods (PF) fourth-quarter 2017 performance. However, benefits from the 53rd week aid the company's sales.
On a per-share basis, the Parsippany, New Jersey-based company said it had net income of $3.71. Earnings, adjusted for one-time gains and costs, came to 94 cents per share. The results did not meet Wall ...
Pinnacle Foods Inc. shares fell 2.5% in Thursday premarket trading after it reported fourth-quarter sales that missed expectations. Net income totaled $443.9 million, or $3.71 per share, up from $88.1 ...
Pinnacle Foods' (PF) fourth-quarter 2017 results to gain from acquisitions, productivity enhancing and cost-saving initiatives. However, escalated marketing and freight costs are concerns.
Dan Loeb’s Third Point had a decent 2017, as its flagship fund ended the year with a net return of +18.1% according to an investor letter. Although it was lower than the S&P500’s 21.8% gain, Loeb’s long term results puts him among the best hedge fund managers. Since its inception, Third Point has generated annual […]
Pinnacle Foods (PF) is seeing encouraging earnings estimate revision activity as of late and carries a favorable rank, positioning the company for a likely beat this season.