Dividend Growth of Pinnacle Foods, Inc.(PF)

Pinnacle Foods(PF) is having a Dividend Yield of 2.08% with the Annual cash Dividend per share of $1.08. The last quarter cash dividend per share pay out was $0.29. Pinnacle Foods has a 5 year average dividend yield of 2.36% and the stock has a Indicated annual dividend of $1.14. Pinnacle Foods(PF) formally announced its most recent dividend on February 9, 2017 with a Dividend per share of $0.29. The new indicated annual dividend based on announced dividend per share is $1.14. The dividend yield based on the forward looking indicated annual dividend is 2.08%. Pinnacle Foods(PF) has the most recent dividend payout ratio of 0.56 with a 5-year average payout ratio of 0.46. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.1. The 5 year historical dividend growth of Pinnacle Foods(PF) is at the rate of 12.86% while the R-Squared dividend growth is 0.92. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Pinnacle Foods, Inc. (NYSE:PF) witnessed a decline in the market cap on Thursday as its shares dropped 0.06% or 0.035 points. After the session commenced at $54.82, the stock reached the higher end at $54.97 while it hit a low of $54.08. With the volume soaring to 757,839 shares, the last trade was called at $54.61. The company has a 52-week high of $55.36. The company has a market cap of $6,448 million and there are 118,070,602 shares in outstanding. The 52-week low of the share price is $40.01. Pinnacle Foods Inc. has dropped 0.2% in the last five trading days, however, the shares have posted positive gains of 1.96% in the last 4 weeks. Pinnacle Foods Inc. is up 13.18% in the last 3-month period. Year-to-Date the stock performance stands at 2.17%.

Currently the company Insiders own 2.75% of Pinnacle Foods, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -25% . During last six month period, the net percent change held by insiders has seen a change of -3.84%. Company has reported several Insider transactions to the SEC, on Feb 13, 2017, Michael J. Barkley (EVP, CMO) sold 10,000 shares at 55.09 per share price.On Nov 15, 2016, Mark A. Clouse (CEO) purchased 10,000 shares at 47.64 per share price.On Nov 9, 2016, Craig D. Steeneck (EVP, CFO) sold 25,000 shares at 52.24 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Pinnacle Foods Inc was Initiated by Deutsche Bank on Feb 15, 2017 to Buy, Price Target of the shares are set at $61.Pinnacle Foods Inc was Initiated by Piper Jaffray to Overweight on Jan 9, 2017. Pinnacle Foods Inc was Initiated by JP Morgan to Overweight on Dec 15, 2016.

Pinnacle Foods Inc Last issued its quarterly earnings results on Oct 27, 2016. The company reported $0.53 EPS for the quarter. Analyst had a consensus estimate of $0.53. The company had revenue of $758.80 million for the quarter, compared to analysts expectations of $772.56 million. The companys revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Pinnacle Foods Inc. is a manufacturer, marketer and distributor of branded food products primarily in North America. The Company operates through three segments: the Birds Eye Frozen Division(R), the Duncan Hines Grocery Division(R) and the Specialty Foods Division(R). It also manufactures and distributes canned meat, shelf-stable pickles and frozen seafood. The Company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centres, convenience stores, dollar stores, drug stores and warehouse clubs. Pinnacle Foods Inc. is headquartered in Parsippany, New Jersey.


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