Pinnacle Foods INC Del (PF) Shareholder Jana Partners LLC Has Upped Its Stake by $315.89 Million as Stock Price Rose

Pinnacle Foods Inc. (NYSE:PF) LogoInvestors sentiment decreased to 0.96 in Q2 2018. Its down 0.20, from 1.16 in 2018Q1. It worsened, as 38 investors sold PF shares while 110 reduced holdings. 67 funds opened positions while 75 raised stakes. 107.06 million shares or 2.82% less from 110.17 million shares in 2018Q1 were reported. Moreover, Parallax Volatility Advisers Lp has 0% invested in Pinnacle Foods Inc. (NYSE:PF) for 24,593 shares. The Massachusetts-based Westfield Cap Mngmt Communications Limited Partnership has invested 0.74% in Pinnacle Foods Inc. (NYSE:PF). Riverhead Capital Mgmt Limited Liability stated it has 0.01% of its portfolio in Pinnacle Foods Inc. (NYSE:PF). 24,610 were reported by State Of Alaska Department Of Revenue. Balyasny Asset Lc accumulated 0.05% or 159,264 shares. Yakira Cap, a Connecticut-based fund reported 15,000 shares. Toronto Dominion Commercial Bank stated it has 0.01% in Pinnacle Foods Inc. (NYSE:PF). Secor Capital Advsrs Lp holds 40,083 shares. The New York-based Blackrock Incorporated has invested 0.01% in Pinnacle Foods Inc. (NYSE:PF). Cambridge Invest Advsr Inc has invested 0% in Pinnacle Foods Inc. (NYSE:PF). 24,400 were accumulated by Arrowstreet Partnership. Tiaa Cref Investment Lc accumulated 2.37M shares. Rmb Capital Mngmt Ltd Liability Corporation holds 34,226 shares or 0.05% of its portfolio. M&T National Bank & Trust Corporation reported 0% in Pinnacle Foods Inc. (NYSE:PF). 175 are held by Focused Wealth Mgmt.

Jana Partners Llc increased its stake in Pinnacle Foods Inc Del (PF) by 90.68% based on its latest 2018Q2 regulatory filing with the SEC. Jana Partners Llc bought 4.86 million shares as the company’s stock rose 5.59% with the market. The hedge fund held 10.22 million shares of the consumer non-durables company at the end of 2018Q2, valued at $664.86M, up from 5.36M at the end of the previous reported quarter. Jana Partners Llc who had been investing in Pinnacle Foods Inc Del for a number of months, seems to be bullish on the $ market cap company. The stock decreased 100.00% or $66.66 during the last trading session, reaching $0. About 15.06M shares traded or 1945.42% up from the average. Pinnacle Foods Inc. (NYSE:PF) has risen 13.13% since December 8, 2017 and is uptrending. It has underperformed by 2.49% the S&P500.

Jana Partners Llc, which manages about $11.37 billion and $3.78 billion US Long portfolio, decreased its stake in Teva Pharmaceutical Inds Ltd (NYSE:TEVA) by 540,541 shares to 2.94M shares, valued at $71.40 million in 2018Q2, according to the filing. It also reduced its holding in Lam Research Corp (NASDAQ:LRCX) by 275,981 shares in the quarter, leaving it with 71,584 shares, and cut its stake in Adobe Sys Inc (NASDAQ:ADBE).

More notable recent Pinnacle Foods Inc. (NYSE:PF) news were published by: Prnewswire.com which released: “United PF Partners Celebrates 100 Club Milestone – PRNewswire” on November 29, 2018, also Benzinga.com with their article: “Some Perspective On A Possible Pinnacle Foods (NYSE:PF) Buyout – Benzinga” published on April 20, 2018, Seekingalpha.com published: “Pinnacle Foods issues preliminary results – Seeking Alpha” on October 09, 2018. More interesting news about Pinnacle Foods Inc. (NYSE:PF) were released by: Streetinsider.com and their article: “Jana’s 13F Shows New Stakes in Exact Sciences (EXAS), Keurig Dr Pepper (KDP), Exits Facebook (FB) (More…) – StreetInsider.com” published on November 14, 2018 as well as Businesswire.com‘s news article titled: “Pfizer Presents Positive 26-Week Data For PF-05280586, A Potential Biosimilar To Rituximab, At The American Society Of Hematology Annual Meeting – Business Wire” with publication date: December 02, 2018.

Pinnacle Foods Inc. (NYSE:PF) Ratings Coverage

Among 11 analysts covering Pinnacle Foods (NYSE:PF), 0 have Buy rating, 0 Sell and 11 Hold. Therefore 0 are positive. Pinnacle Foods had 11 analyst reports since June 21, 2018 according to SRatingsIntel. The stock of Pinnacle Foods Inc. (NYSE:PF) has “Hold” rating given on Tuesday, October 16 by Jefferies. The stock of Pinnacle Foods Inc. (NYSE:PF) earned “Neutral” rating by Buckingham Research on Friday, July 20. The company was downgraded on Thursday, June 28 by UBS. On Wednesday, June 27 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock of Pinnacle Foods Inc. (NYSE:PF) earned “Hold” rating by William Blair on Wednesday, June 27. JP Morgan downgraded Pinnacle Foods Inc. (NYSE:PF) on Friday, August 3 to “Neutral” rating. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, June 29 report. The stock of Pinnacle Foods Inc. (NYSE:PF) earned “Hold” rating by Credit Suisse on Thursday, June 21. As per Monday, September 24, the company rating was downgraded by PiperJaffray. The stock has “Hold” rating by Stifel Nicolaus on Monday, July 2.

Pinnacle Foods Inc. (NYSE:PF) Institutional Positions Chart

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