Victory Capital Management Inc. Sells 214,285 Shares of Pinnacle Foods Inc (PF)

Victory Capital Management Inc. lowered its position in Pinnacle Foods Inc (NYSE:PF) by 19.6% during the third quarter, Holdings Channel reports. The institutional investor owned 880,081 shares of the company’s stock after selling 214,285 shares during the period. Victory Capital Management Inc.’s holdings in Pinnacle Foods were worth $57,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in Pinnacle Foods by 41.4% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,599 shares of the company’s stock worth $195,000 after purchasing an additional 1,053 shares in the last quarter. Royal Bank of Canada boosted its position in Pinnacle Foods by 12.5% in the 1st quarter. Royal Bank of Canada now owns 38,101 shares of the company’s stock worth $2,061,000 after purchasing an additional 4,233 shares in the last quarter. Suntrust Banks Inc. boosted its position in Pinnacle Foods by 30.8% in the 1st quarter. Suntrust Banks Inc. now owns 4,811 shares of the company’s stock worth $260,000 after purchasing an additional 1,132 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Pinnacle Foods by 36.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 24,610 shares of the company’s stock worth $1,600,000 after purchasing an additional 6,530 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its position in Pinnacle Foods by 26.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,739 shares of the company’s stock worth $1,089,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 94.33% of the company’s stock.

Shares of PF stock opened at $102.71 on Thursday. Pinnacle Foods Inc has a 1-year low of $52.25 and a 1-year high of $70.51.

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

PF has been the topic of several recent research reports. ValuEngine upgraded Pinnacle Foods from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. Piper Jaffray Companies lowered Pinnacle Foods from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $69.00 to $68.00 in a research report on Monday, September 24th. CL King lowered Pinnacle Foods from a “buy” rating to a “neutral” rating in a research report on Thursday, August 2nd. Jefferies Financial Group lowered Pinnacle Foods from a “buy” rating to a “hold” rating and set a $68.00 price objective on the stock. in a research report on Monday, October 15th. Finally, JPMorgan Chase & Co. lowered Pinnacle Foods from an “overweight” rating to a “neutral” rating and set a $64.00 price objective on the stock. in a research report on Friday, August 3rd. Thirteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Pinnacle Foods presently has a consensus rating of “Hold” and a consensus target price of $67.20.

ILLEGAL ACTIVITY NOTICE: “Victory Capital Management Inc. Sells 214,285 Shares of Pinnacle Foods Inc (PF)” was originally reported by WKRB News and is owned by of WKRB News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.wkrb13.com/2018/11/09/victory-capital-management-inc-sells-214285-shares-of-pinnacle-foods-inc-pf.html.

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.

Featured Story: What Is An Exchange-Traded Fund (ETF)?

Want to see what other hedge funds are holding PF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinnacle Foods Inc (NYSE:PF).

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

Receive News & Ratings for Pinnacle Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply