Jana Partners LLC Has Upped Its Pinnacle Foods INC Del (PF) Position by $315.89 Million as Market Valuation 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 turned negative, 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. Qs Invsts reported 84,955 shares. 105,177 are held by Rhumbline Advisers. 4,482 are held by Lpl Fincl Limited Liability Com. Wolverine Asset Mgmt Limited Liability Co accumulated 8,632 shares. Rice Hall James And Associates Llc holds 0.1% or 40,962 shares. Moreover, Morgan Stanley has 0.02% invested in Pinnacle Foods Inc. (NYSE:PF) for 1.19M shares. Town Country Bancshares Tru Dba First Bankers Tru stated it has 0.14% in Pinnacle Foods Inc. (NYSE:PF). State Board Of Administration Of Florida Retirement has invested 0.02% of its portfolio in Pinnacle Foods Inc. (NYSE:PF). Fmr Limited Liability Corp has invested 0% in Pinnacle Foods Inc. (NYSE:PF). Bank & Trust Of Stockton invested in 0.73% or 20,730 shares. Pub Employees Retirement Association Of Colorado reported 22,822 shares or 0.01% of all its holdings. Acadian Asset Mngmt, a Massachusetts-based fund reported 758 shares. Icon Advisers Incorporated has invested 0.04% in Pinnacle Foods Inc. (NYSE:PF). Us Bank & Trust De stated it has 11,679 shares or 0% of all its holdings. 662,183 were reported by Amundi Pioneer Asset Management.

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 4.86M 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 $664.86 million, 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 15.06 million 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 Zayo Group Hldgs Inc (NYSE:ZAYO) by 179,610 shares to 2.08M shares, valued at $75.87M in 2018Q2, according to the filing. It also reduced its holding in Anthem Inc (NYSE:ANTM) by 70,725 shares in the quarter, leaving it with 539,868 shares, and cut its stake in Adobe Sys Inc (NASDAQ:ADBE).

More notable recent Pinnacle Foods Inc. (NYSE:PF) news were published by: Streetinsider.com which released: “Jana’s 13F Shows New Stakes in Exact Sciences (EXAS), Keurig Dr Pepper (KDP), Exits Facebook (FB) (More…) – StreetInsider.com” on November 14, 2018, also Businesswire.com with their article: “Pfizer Presents Positive 26-Week Data For PF-05280586, A Potential Biosimilar To Rituximab, At The American Society Of Hematology Annual Meeting – Business Wire” published on December 02, 2018, Benzinga.com published: “Some Perspective On A Possible Pinnacle Foods (NYSE:PF) Buyout – Benzinga” on April 20, 2018. More interesting news about Pinnacle Foods Inc. (NYSE:PF) were released by: Prnewswire.com and their article: “United PF Partners Celebrates 100 Club Milestone – PRNewswire” published on November 29, 2018 as well as Benzinga.com‘s news article titled: “Conagra (NYSE:CAG)’s Acquisition Of Pinnacle Foods (NYSE:PF): What You Need To Know – Benzinga” with publication date: June 27, 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 rating was downgraded by UBS on Thursday, June 28 to “Neutral”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, June 27. The firm has “Hold” rating by William Blair given on Wednesday, June 27. The firm has “Hold” rating given on Tuesday, October 16 by Jefferies. The stock of Pinnacle Foods Inc. (NYSE:PF) has “Hold” rating given on Thursday, June 21 by Credit Suisse. The stock of Pinnacle Foods Inc. (NYSE:PF) has “Market Perform” rating given on Thursday, June 28 by BMO Capital Markets. The rating was downgraded by PiperJaffray on Monday, September 24 to “Neutral”. The rating was maintained by Buckingham Research with “Neutral” on Friday, July 20. JP Morgan downgraded the stock to “Neutral” rating in Friday, August 3 report. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, June 29.

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

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