Rs Investment Management Co buys $211.4 Million stake in Pinnacle Foods Inc (PF)

Pinnacle Foods Inc (PF) : Rs Investment Management Co scooped up 984,112 additional shares in Pinnacle Foods Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 4,925,377 shares of Pinnacle Foods Inc which is valued at $211.4 Million.Pinnacle Foods Inc makes up approximately 2.10% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. boosted its stake in PF in the latest quarter, The investment management firm added 23,744 additional shares and now holds a total of 31,244 shares of Pinnacle Foods Inc which is valued at $1.3 Million. Pinnacle Foods Inc makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio.Argi Investment Services boosted its stake in PF in the latest quarter, The investment management firm added 720 additional shares and now holds a total of 11,243 shares of Pinnacle Foods Inc which is valued at $473,780. Pinnacle Foods Inc makes up approx 0.05% of Argi Investment Services’s portfolio.Nationwide Fund Advisors reduced its stake in PF by selling 12,130 shares or 8.74% in the most recent quarter. The Hedge Fund company now holds 126,605 shares of PF which is valued at $5.3 Million. Pinnacle Foods Inc makes up approx 0.02% of Nationwide Fund Advisors’s portfolio. Cadence Capital Management sold out all of its stake in PF during the most recent quarter. The investment firm sold 16,062 shares of PF which is valued $676,853.Russell Frank Co reduced its stake in PF by selling 74,214 shares or 4.72% in the most recent quarter. The Hedge Fund company now holds 1,499,664 shares of PF which is valued at $63.9 Million. Pinnacle Foods Inc makes up approx 0.11% of Russell Frank Co’s portfolio.

Pinnacle Foods Inc closed down -0.31 points or -0.72% at $42.61 with 13,26,245 shares getting traded on Monday. Post opening the session at $42.9, the shares hit an intraday low of $42.59 and an intraday high of $43.075 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Pinnacle Foods Inc reported $0.40 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.40. The company had revenue of $754.30 million for the quarter, compared to analysts expectations of $774.55 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Many Wall Street Analysts have commented on Pinnacle Foods Inc. Pinnacle Foods Inc was Upgraded by Buckingham Research to ” Buy” on Mar 2, 2016.

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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