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Last $41.03 USD
Change Today +0.14 / 0.34%
Volume 603.0K
PF On Other Exchanges
Symbol
Exchange
Stuttgart
As of 8:04 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

pinnacle foods inc (PF) Snapshot

Open
$40.92
Previous Close
$40.89
Day High
$41.15
Day Low
$40.69
52 Week High
03/25/15 - $41.56
52 Week Low
04/8/14 - $28.64
Market Cap
4.8B
Average Volume 10 Days
1.6M
EPS TTM
$0.66
Shares Outstanding
116.3M
EX-Date
02/19/15
P/E TM
62.6x
Dividend
$0.94
Dividend Yield
2.23%
Current Stock Chart for PINNACLE FOODS INC (PF)

pinnacle foods inc (PF) Details

Pinnacle Foods Inc., through its subsidiaries, manufactures, markets, and distributes branded convenience food products in North America. It operates through three segments: Birds Eye Frozen, Duncan Hines Grocery, and Specialty Foods. The Birds Eye Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza for one, full-calorie single-serve frozen dinners and entrées, and frozen pancakes/waffles/French toast under the Birds Eye, Birds Eye Voila!, Van de Kamp's, gardein, Mrs. Paul's, Lender's, Celeste, Hungry-Man, and Aunt Jemima brand names. The Duncan Hines Grocery segment provides cake, brownie, muffin, and cookie mixes; ready-to-serve frostings; shelf-stable pickles and salad dressings; table syrups; canned meat; pie/pastry fruit fillings; and barbecue sauces under the Duncan Hines, Vlasic, Wish-Bone, Western, Mrs. Butterworth's, Log Cabin, Armour, Brooks, Nalley, Comstock, Wilderness, Bernstein's, and Open Pit brand names. The Specialty Foods segment offers snack products under the Tim’s Cascade, Snyder of Berlin, and Husman’s brand names; and is involved in food service and private label businesses. The company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores, and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. Pinnacle Foods Inc. is headquartered in Parsippany, New Jersey.

4,000 Employees
Last Reported Date: 02/24/15

pinnacle foods inc (PF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $937.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $546.3K
Executive Vice President and President of Nor...
Total Annual Compensation: $450.4K
Chief Supply Chain Officer and Executive Vice...
Total Annual Compensation: $447.2K
Chief Customer Officer and Executive Vice Pre...
Total Annual Compensation: $342.3K
Compensation as of Fiscal Year 2013.

pinnacle foods inc (PF) Key Developments

Pinnacle Foods Joins Bidders To Acquire Quorn

Pinnacle Foods Inc. (NYSE:PF) has joined bidders looking to gobble up Quorn Foods, Inc. Pinnacle Foods is looking to acquire Quorn as it continues its expansion overseas into the vegetarian market. Quorn has been put up for sale by Exponent Inc. (NasdaqGS:EXPO) with a price tag understood to be between £400 million and £500 million. An auction process, led by Houlihan Lokey, could start in April 2015. Bob Gamgort, Pinnacle’s Chief Executive Officer, said he believed “plant-based protein is at the tipping point of becoming mainstream”. The WhiteWave Foods Company (NYSE:WWAV), The Hain Celestial Group, Inc. (NasdaqGS:HAIN) and Nestlé S.A. (SWX:NESN) are also understood to be in the running. Hain Celestial and Pinnacle Foods declined to comment.

Pinnacle Foods Reaffirms Earnings Guidance for the Year 2015

Pinnacle Foods reaffirmed earnings guidance for the year 2015. For the year, the company reaffirmed adjusted diluted EPS guidance in the range of $1.86 to $1.91.

Pinnacle Foods Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 28, 2014; Provides Production and Earnings Guidance for 2015

Pinnacle Foods Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 28, 2014. For the quarter, the company reported net sales of $705,333,000 against $709,322,000 a year ago. Earnings before interest and taxes were $93,640,000 against $116,477,000 a year ago. Earnings before income taxes were $71,264,000 against $92,074,000 a year ago. Net earnings were $36,129,000 or $0.31 per basic share against $55,707,000 or $0.48 per basic share a year ago. Adjusted EBITDA advanced 6.6% to $163.1 million compared to $153.0 million in the fourth quarter of 2013. Net cash provided by operating activities advanced in the fourth quarter to $138 million compared to $121 million in the year-ago quarter. Capital expenditures in the fourth quarter totaled $20 million. For the year, the company reported net sales of $2,591,183,000 against $2,463,802,000 a year ago. Earnings before interest and taxes were $512,271,000 against $293,037,000 a year ago. Earnings before income taxes were $416,218,000 against $160,824,000 a year ago. Net earnings were $248,418,000 or $2.15 basic share against $89,349,000 or $0.84 per basic share a year ago. Net cash provided by operating activities was $50,710,000 against $262,242,000 a year ago. This strong performance was driven by growth in net earnings and improvement in working capital as well as the cash benefit of the $153 million termination fee. Capital expenditures were $102,967,000 against $84,055,000 a year ago. Adjusted EBITDA advanced 11.4% to $504.0 million, compared to $452.4 million in 2013. Grew Adjusted pro forma diluted EPS by 14.5% to $1.74, representing the top of the company's guidance range. For 2015, the company expects adjusted diluted EPS to be in the range of $1.86 to $1.91, excluding items affecting comparability. This outlook, which represents 7-10% growth, includes the following assumptions: Interest expense for the year is estimated to approximate $90 million, largely reflecting the benefits of debt reduction in 2014 and the related interest rate step-down. The effective tax rate for the year is estimated at 38.0%. The weighted average diluted share count for the year is estimated at approximately 117 million. CapEx in 2015 is expected to be in the range of $100 million to $110 million. Productivity for the year is estimated in the range of 3.0% to 4.0% of cost of products sold, with savings again expected to be greater in the second half of the year versus the first half.

 

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PF Competitors

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Flowers Foods Inc $22.78 USD +0.34
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Snyder's-Lance Inc $32.12 USD +0.31
Hain Celestial Group Inc/The $64.28 USD +0.49
TreeHouse Foods Inc $84.86 USD +0.56
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Industry Analysis

PF

Industry Average

Valuation PF Industry Range
Price/Earnings 19.2x
Price/Sales 1.8x
Price/Book 2.8x
Price/Cash Flow 19.1x
TEV/Sales 0.9x
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