Jana Partners LLC Lifted Stake in Pinnacle Foods INC Del (PF) by $315.89 Million

Pinnacle Foods Inc. (NYSE:PF) LogoInvestors sentiment decreased to 0.96 in 2018 Q2. 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. Natixis Advsr LP holds 0.01% or 13,934 shares. Financial Bank Of Montreal Can owns 0.01% invested in Pinnacle Foods Inc. (NYSE:PF) for 138,885 shares. Wellington Mgmt Gp Limited Liability Partnership holds 0% or 53,545 shares in its portfolio. The Missouri-based Duncker Streett has invested 0.01% in Pinnacle Foods Inc. (NYSE:PF). Fortaleza Asset Mngmt holds 1.01% or 1,926 shares. Amalgamated Bankshares owns 0.04% invested in Pinnacle Foods Inc. (NYSE:PF) for 22,505 shares. M&T Retail Bank Corporation, a New York-based fund reported 4,360 shares. Morgan Stanley invested 0.02% in Pinnacle Foods Inc. (NYSE:PF). Financial Bank Of Ny Mellon stated it has 0.01% of its portfolio in Pinnacle Foods Inc. (NYSE:PF). 307,050 were reported by Sit Invest Assoc. Paloma Prns Mgmt holds 0.07% of its portfolio in Pinnacle Foods Inc. (NYSE:PF) for 60,574 shares. Kbc Group Nv reported 17,000 shares stake. Dimensional Fund Advsr LP reported 1.42 million shares or 0.04% of all its holdings. Guggenheim Limited Liability Company owns 55,506 shares for 0.02% of their portfolio. Strs Ohio accumulated 6,522 shares.

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 $664.86 million, up from 5.36 million 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 $11.37B and $3.78B US Long portfolio, decreased its stake in General Mtrs Co (NYSE:GM) by 670,791 shares to 637,703 shares, valued at $25.13M 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 Anthem Inc (NYSE:ANTM).

More notable recent Pinnacle Foods Inc. (NYSE:PF) news were published by: Businesswire.com which released: “Pfizer Presents Positive 26-Week Data For PF-05280586, A Potential Biosimilar To Rituximab, At The American Society Of Hematology Annual Meeting – Business Wire” on December 02, 2018, also Benzinga.com with their article: “Conagra (NYSE:CAG)’s Acquisition Of Pinnacle Foods (NYSE:PF): What You Need To Know – Benzinga” published on June 27, 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 Streetinsider.com‘s news article titled: “Jana’s 13F Shows New Stakes in Exact Sciences (EXAS), Keurig Dr Pepper (KDP), Exits Facebook (FB) (More…) – StreetInsider.com” with publication date: November 14, 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 firm has “Hold” rating by William Blair given on Wednesday, June 27. The stock of Pinnacle Foods Inc. (NYSE:PF) has “Hold” rating given on Tuesday, October 16 by Jefferies. JP Morgan downgraded the stock to “Neutral” rating in Friday, August 3 report. The rating was downgraded by Credit Suisse to “Hold” on Thursday, June 21. The firm earned “Neutral” rating on Monday, September 24 by PiperJaffray. RBC Capital Markets downgraded the shares of PF in report on Friday, June 29 to “Sector Perform” rating. The firm earned “Market Perform” rating on Thursday, June 28 by BMO Capital Markets. The company was downgraded on Monday, July 2 by Stifel Nicolaus. Buckingham Research maintained the shares of PF in report on Friday, July 20 with “Neutral” rating. UBS downgraded the stock to “Neutral” rating in Thursday, June 28 report.

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

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