|Bid||63.04 x 800|
|Ask||63.08 x 1800|
|Day's Range||63.00 - 64.24|
|52 Week Range||52.25 - 66.67|
|PE Ratio (TTM)||14.18|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||1.30 (2.35%)|
|1y Target Est||65.83|
Let's check out the Yahoo Finance charts of the day. General Electric (GE): Shares getting a pop here, up 4.5%. The beaten down conglomerate beat on earnings and revenue, and reaffirmed its guidance as well, boosted by its aviation, health care and transportation units. Skechers (SKX): Shares tumbling here, down around 27%. Despite beating on both earnings and sales, the shoe retailer’s current quarter guidance disappointed investors. Pinnacle Foods (PF): Shares getting a boost here, up 9.5%. Activist fund Jana Partners revealed a 9.1% stake in the food company, and said it will seek create value at the company and may shake up the board. For more on today's big stock movers check out the Final Round, live at 3:55 p.m. ET, right here on Yahoo Finance.
Pinnacle Foods (PF) witnesses sturdy market share growth on a rich product line up. However, higher input costs are a concern.
ConAgra Brands Inc, the maker of Hunt's ketchup and Marie Callender's microwave dinners, said on Friday it had ended a standstill agreement with Jana Partners LLC, the activist hedge fund pushing for a sale of Pinnacle Foods Inc. The termination of the agreement, which dates back to 2015 when ConAgra and Jana reached a deal for two new mutually agreed directors to join ConAgra's board, allows Jana to more freely push both ConAgra and Pinnacle Foods to explore a combination.
Pinnacle Foods' (PF) first-quarter 2018 performance gain from strong market share growth. However, higher transportation costs continue to be a headwind.
PARSIPPANY, N.J., May 3, 2018 /PRNewswire/ -- Pinnacle Foods announced today that it has entered into a unique partnership with VaynerMedia to create world-class marketing content and capabilities that will better engage consumers and drive brand growth. Pinnacle Foods is home to such iconic brands as Birds Eye, Duncan Hines, Vlasic, Wish-Bone, and Hungry-Man and emerging brands such as Udi's, Gardein and EVOL. Pinnacle chose VaynerMedia, helmed by New York Times best-selling author, media personality and entrepreneur Gary Vaynerchuk, because it is an attention agency with its finger on the pulse of consumer interest.
The Parsippany, New Jersey-based company said it had net income of 48 cents per share. Earnings, adjusted for non-recurring costs, were 57 cents per share. The results surpassed Wall Street expectations. ...
Pinnacle Foods Inc. said Thursday it had net income of $56.9 million, or 48 cents a share, in the first quarter, up from $23.1 million, or 19 cents a share, in the year-earlier period. The owner of Birds Eye, Duncan Hines and Earth Balance brands said sales rose 1.7% to $778.8 million, also ahead of the FactSet consensus of $769 million. Chief Executive Mark Clouse said sales growth was driven by a 7.5% surge in frozen segment.
PARSIPPANY, N.J., May 03, 2018-- Pinnacle Foods Inc. today reported its financial results for the first quarter ended April 1, 2018 and reaffirmed its guidance for Adjusted diluted earnings per share for ...
Productivity, cost-saving plans and innovations will continue to exhibit strength for the food stocks amid a challenging space. However, higher input costs pose risks.
Pinnacle Foods (PF) should continue gaining from focus on buyouts, innovations and robust brand portfolio. However, soft underlying sales and input cost inflation remain threats.
Jana Partners recently disclosed a 9.5 percent stake in Pinnacle Foods (NYSE: PF ) and indicated it's in talks with management regarding value creation measures, including a potential sale. The Thesis ...
Source: InsiderScore.com United Kingdom–based activist M&G Investment Management revealed on April 20 that it had cut its stake in methanol producer Methanex to 16,310,146 common shares, or 19.5% of the outstanding shares, by selling 1,121,572 at prices ranging from $60.41 to $69.58 apiece from March 27 through April 19. Although it is a longtime shareholder in Methanex, M&G said it has been “repeatedly frustrated” with the market valuation of the company, believing it isn’t an “accurate reflection of the company’s intrinsic value.” In its statement, M&G also pointed out that the current share price implies a value for the company that is lower than the replacement cost of its assets. M&G Investment also said it believes the best way to eliminate this discrepancy would be for the company to repurchase its shares and, if this fails, to elevate Methanex’s stock price.
NEW YORK, April 26, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Per sources, Jana Capital is likely to carry out restructuring at Pinnacle Foods (PF) and explore the probability of a business divestiture.
NEW YORK, NY / ACCESSWIRE / April 23, 2018 / While shares of Pinnacle foods exploded on the news that an activist hedge fund took a big stake in the company, shares of Skechers collapsed on weak guidance and a downgrade from Wedbush analysts. Skechers U.S.A., Inc. shares were trading deep in the red on Friday and closed down 27.04%. Skechers reported solid first quarter results but offered weak second quarter guidance last week that resulted in a downgrade from Wedbush.
Pinnacle Foods Inc. shares surge after activist hedge fund Jana Partners LLC says it has amassed a 9.1% stake in the owner of the Birds Eye brand and urged management to consider selling the company.
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 ...