Pinnacle Foods (PF) has risen sharply, recording gains of 2.42% in the past 4 weeks. However, the stock has corrected -0.24% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.37% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.81% and the 50-Day Moving Average is 6.45%. Pinnacle Foods (NYSE:PF): stock turned positive on Friday. Though the stock opened at $49.54, the bulls momentum made the stock top out at $49.77 level for the day. The stock recorded a low of $49.28 and closed the trading day at $49.55, in the green by 0.18%. The total traded volume for the day was 594,630. The stock had closed at $49.46 in the previous days trading.
The company Insiders own 2.75% of Pinnacle Foods shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.81% . Institutional Investors own 96.57% of Pinnacle Foods shares. During last six month period, the net percent change held by insiders has seen a change of -27.14%. Also, Equity analysts at the Brokerage firm Stifel Nicolaus upgrades its rating on Pinnacle Foods (NYSE:PF). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 29, 2016.
Pinnacle Foods Inc. is a manufacturer, marketer and distributor of food products in North America. The Companys 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 Kamps, Mrs. Pauls, Lenders, 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.