Last $32.23 USD
Change Today +0.08 / 0.25%
Volume 689.8K
PF On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

pinnacle foods inc (PF) Snapshot

Open
$32.11
Previous Close
$32.15
Day High
$32.30
Day Low
$31.89
52 Week High
05/12/14 - $35.67
52 Week Low
10/9/13 - $25.00
Market Cap
3.8B
Average Volume 10 Days
1.4M
EPS TTM
$1.68
Shares Outstanding
117.3M
EX-Date
08/27/14
P/E TM
19.2x
Dividend
$0.94
Dividend Yield
2.68%
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, Mrs. Paul’s, Lender’s, Celeste, Hungry-Man, and Aunt Jemima brand names. The Duncan Hines Grocery segment provides cake/brownie mixes and frostings, shelf-stable pickles, shelf-stable salad dressings, table syrup, 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 and Snyder of Berlin brand names, as well as 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 based in Parsippany, New Jersey.

3,700 Employees
Last Reported Date: 03/6/14
Founded in 2001

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 The...
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 Inc. Presents at Barclays Capital Back-to-School Consumer Conference 2014, Sep-04-2014 11:15 AM

Pinnacle Foods Inc. Presents at Barclays Capital Back-to-School Consumer Conference 2014, Sep-04-2014 11:15 AM. Venue: InterContinental Hotel, Boston, Massachusetts, United States. Speakers: Craig D. Steeneck, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, Robert J. Gamgort, Chief Executive Officer and Director.

Pinnacle Foods Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2014; Re-Affirms Earnings Guidance for the Full Year of Fiscal 2014

Pinnacle Foods Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 29, 2014. For the quarter, the company announced net sales of $617,800,000 compared to $569,044,000 for the same period a year ago. Earnings before interest and taxes were $81,910,000 compared to $10,971,000 for the same period a year ago. Earnings before income taxes were $57,418,000 compared to loss before income tax of $36,614,000 for the same period a year ago. Net earnings were $35,584,000 or $0.30 per diluted share compared to net loss of $31,839,000 or $0.28 per diluted share for the same period a year ago. Net sales increased approximately 9% versus year-ago in the second quarter, primarily reflecting the benefit of the Wish-Bone acquisition, and earnings per share advanced 22%, on a pro forma basis excluding items affecting comparability. Adjusted EBITDA on a pro forma basis advanced 17.5% to $105.9 million in the second quarter of 2014, compared to $90.1 million in the second quarter of 2013. Excluding items affecting comparability, on a pro forma basis, net earnings for the second quarter increased approximately 23% to $38.3 million compared to net earnings of $31.2 million in the year-ago period. Net cash provided by operating activities more than doubled in the second quarter of 2014 to $93 million, compared to $44 million in the year-ago period. The strong cash flow performance reflected growth in earnings before income taxes and improvement in working capital in 2014. Capital expenditures in the quarter totaled $33.8 million compared to $25.6 million in the second quarter of 2013. For the six months, the company announced net sales of $1,261,839,000 compared to $1,182,025,000 for the same period a year ago. Earnings before interest and taxes were $172,001,000 compared to $91,642,000 for the same period a year ago. Earnings before income taxes were $123,168,000 compared to $3,404,000 for the same period a year ago. Net earnings were $76,332,000 or $0.65 per diluted share compared to net loss of $7,043,000 or $0.07 per diluted share for the same period a year ago. Net cash provided by operating activities was $186,554,000 compared to $112,117,000 for the same period a year ago. Capital expenditures were $56,210,000 compared to $43,823,000 for the same period a year ago. The company re-affirmed earnings guidance for the full year of fiscal 2014. The company reaffirmed its adjusted EPS guidance for fiscal 2014 in the range of $1.70 - $1.75, or growth of 12% to 15% versus year-ago. The company continues to expect input cost inflation for 2014 of approximately 2%, productivity in the range of 3%-4% of cost of products sold, and a diluted weighted average share count of 117.2 million. Given the benefits realized in the first half, the company now expects its effective tax rate for the year to be slightly below its previous guidance of 38.9%. For the year, the company continue to expect capital expenditure to be in the range of $120 million to $130 million, including approximately $50 million for Wish-Bone and $5 million for capital expenditure associated with the Duncan Hines manufacturing facility in Centralia, Illinois that it purchased in early second quarter.

Pinnacle Foods Inc. Announces Cash Dividend for the Third Quarter of 2014, Payable on October 7, 2014

Pinnacle Foods Inc. announced that its Board of Directors has approved an 11.9% increase in the company's quarterly cash dividend, from $0.21 per share to $0.235 per share, effective with the company's upcoming third quarter 2014 dividend. On an annualized basis, the new dividend increases to $0.94 per share, from the previous annualized rate of $0.84 per share. The third quarter dividend is payable on October 7, 2014 to shareholders of record at the close of business on August 29, 2014.

 

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Industry Analysis

PF

Industry Average

Valuation PF Industry Range
Price/Earnings 22.0x
Price/Sales 1.5x
Price/Book 2.3x
Price/Cash Flow 21.8x
TEV/Sales 0.4x
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