Pinnacle Foods Inc (PF) Could Burn Your Portfolio. The Stock Formed Bearish Ascending Triangle Chart Pattern

September 17, 2017 - By Ellis Scott

Investors sentiment decreased to 1.07 in Q4 2016. Its down 0.27, from 1.34 in 2016Q3. It dropped, as 30 investors sold Pinnacle Foods Inc shares while 101 reduced holdings. 31 funds opened positions while 109 raised stakes. 113.24 million shares or 0.42% more from 112.77 million shares in 2016Q3 were reported.
Bank & Trust Of Mellon has 574,053 shares for 0.01% of their portfolio. 30,261 were reported by Stifel Financial. Highland Cap Mgmt Limited Partnership invested in 0.6% or 237,478 shares. Concert Wealth Mngmt reported 0.07% of its portfolio in Pinnacle Foods Inc (NYSE:PF). Aqr Capital Ltd Liability owns 503,976 shares. Moreover, Sandy Spring Bancorporation has 0.34% invested in Pinnacle Foods Inc (NYSE:PF). 976,343 are held by Citadel Advsr Ltd Com. 101,057 were reported by Voloridge Inv Mgmt Limited Liability Corporation. Moreover, Prudential Inc has 0% invested in Pinnacle Foods Inc (NYSE:PF). Alps Advsr Inc has invested 0% in Pinnacle Foods Inc (NYSE:PF). Geode Cap Llc stated it has 0.02% of its portfolio in Pinnacle Foods Inc (NYSE:PF). Nomura Asset Mgmt Ltd stated it has 0% of its portfolio in Pinnacle Foods Inc (NYSE:PF). Peak6 L P invested in 29,897 shares. Earnest Prns Limited Liability Co has invested 0% in Pinnacle Foods Inc (NYSE:PF). Jacobs Levy Equity Mngmt owns 35,290 shares or 0.04% of their US portfolio.

Since April 5, 2017, it had 0 insider buys, and 1 insider sale for $61,046 activity. Another trade for 1,048 shares valued at $61,046 was sold by BARKLEY MICHAEL J..

The stock of Pinnacle Foods Inc (PF) formed an ascending triangle with $54.70 target or 7.00 % below today’s $58.82 share price. The 6 months triangle pattern indicates high risk for the $6.99B company. If the $54.70 price target is reached, the company will be worth $489.30M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.53% or $0.31 on September 15, reaching $58.82. About 1.32M shares traded or 26.92% up from the average. Pinnacle Foods Inc (NYSE:PF) has risen 41.67% since September 17, 2016 and is uptrending. It has outperformed by 24.97% the S&P500.

Analysts await Pinnacle Foods Inc (NYSE:PF) to report earnings on October, 26. They expect $0.58 EPS, up 9.43 % or $0.05 from last year’s $0.53 per share. PF’s profit will be $68.93M for 25.35 P/E if the $0.58 EPS becomes a reality. After $0.53 actual EPS reported by Pinnacle Foods Inc for the previous quarter, Wall Street now forecasts 9.43 % EPS growth.

Pinnacle Foods Inc (NYSE:PF) Ratings Coverage

Among 13 analysts covering Pinnacle Foods Inc (NYSE:PF), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Pinnacle Foods Inc had 23 analyst reports since October 19, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 6 by BMO Capital Markets. The rating was upgraded by Buckingham Research to “Buy” on Wednesday, March 2. As per Monday, January 9, the company rating was initiated by Piper Jaffray. The rating was maintained by BMO Capital Markets on Friday, October 30 with “Market Perform”. The stock of Pinnacle Foods Inc (NYSE:PF) earned “Buy” rating by UBS on Monday, November 14. On Friday, December 11 the stock rating was initiated by DA Davidson with “Neutral”. BMO Capital Markets maintained Pinnacle Foods Inc (NYSE:PF) rating on Friday, July 28. BMO Capital Markets has “Buy” rating and $6300 target. As per Wednesday, February 24, the company rating was initiated by UBS. The firm has “Overweight” rating by JP Morgan given on Thursday, December 15. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, November 25.

More important recent Pinnacle Foods Inc (NYSE:PF) news were published by: Globenewswire.com which released: “Pinnacle Foods to Present at Barclays Global Consumer Staples Conference” on August 30, 2017, also Nasdaq.com published article titled: “Pinnacle Foods, Inc. (PF) Ex-Dividend Date Scheduled for August 25, 2017”, Benzinga.com published: “5 Ways M&A Could Be The Best Play For Pinnacle Foods” on August 28, 2017. More interesting news about Pinnacle Foods Inc (NYSE:PF) was released by: Nasdaq.com and their article: “Pinnacle Foods (PF) Gains on Buyouts, Weak Segments a Woe” with publication date: September 05, 2017.

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