Published: Sat, May 20, 2017
Business | By Max Garcia

Pinnacle Foods Inc. (NYSE:PF) Holding Above Moving Averages

(NASDAQ:WFM) in a research report released on Monday morning. Year to date is -15.38%, -15.38% over the last quarter, -25.68% for the past six months and 37.50% over the last 12 months. The shares were sold at an average price of $29.56, for a total value of $77,269.84.

The company's expected revenue in the current quarter to be 3.73 Billion, seeing a projected current quarter growth of -10.8%, and per annum growth estimates over the next 5 year period of around 0.53%. Also, insider Juan Nunez sold 14,502 shares of the business's stock in a transaction that occurred on Thursday, May 18th. (WFM). The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation.

The Stock now has a consensus recommendation of 3.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Zooming out to the 200-day moving average, shares have been seen trading 18.24% away from that value. Following the completion of the sale, the insider now directly owns 5,746 shares of the company's stock, valued at approximately $158,129.92. The disclosure for this sale can be found here.

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Whole Foods Market during the fourth quarter worth about $165,510,000.

ILLEGAL ACTIVITY NOTICE: "Whole Foods Market's (WFM) "Outperform" Rating Reiterated at Oppenheimer Holdings Inc." was first posted by Community Financial News and is the property of of Community Financial News. (WFM) has a trading volume of 4.15 Million shares, with an average trading volume of 6270 shares - with shares dropping to a 52 week low of $27.29, and the company's shares hitting a 52 week high of $ 38.29. World Asset Management Inc boosted its stake in Whole Foods Market by 1.3% in the third quarter. SRB Corp now owns 5,033 shares of the company's stock valued at $143,000 after buying an additional 552 shares during the last quarter. Finally, Morgan Stanley reaffirmed an equal weight rating and set a $29.00 price objective (down previously from $32.00) on shares of Whole Foods Market in a report on Thursday, February 9th. Finally, Seven Bridges Advisors LLC boosted its stake in Whole Foods Market by 55.4% in the third quarter. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The company has market cap of $11.58 billion. The firm has a 50-day moving average of $34.71 and a 200-day moving average of $31.51. Wells Fargo upgraded Whole Foods Market, Inc. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.37. Pinnacle Foods had a return on equity of 13.25% and a net margin of 6.76%. The firm's quarterly revenue was down 99.9% on a year-over-year basis. On average, analysts anticipate that Pinnacle Foods will post $2.60 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Friday, June 30th will be issued a dividend of $0.18 per share. This is a boost from Whole Foods Market's previous quarterly dividend of $0.14. The Company dividend yield observed at 0.95%. The ex-dividend date is Wednesday, June 28th. Whole Foods Market's dividend payout ratio (DPR) is now 40.29%.

Several other research firms have also commented on WFM. Gordon Haskett began coverage on Whole Foods Market in a report on Tuesday, May 9th. They set a "buy" rating and a $61.00 price target for the company. Wolfe Research raised Whole Foods Market from an "underperform" rating to a "market perform" rating in a report on Tuesday, May 2nd. Jefferies Group LLC reissued a "hold" rating and set a $39.00 price objective (up from $33.00) on shares of Whole Foods Market in a report on Thursday, May 11th. The rating was maintained by Telsey Advisory Group with "Market Perform" on Thursday, November 5.

WARNING: "Loop Capital Initiates Coverage on Whole Foods Market, Inc". Deutsche Bank has "Hold" rating and $26 target.

Among 18 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 2 Sell and 3 Hold. Vetr raised Whole Foods Market from a "hold" rating to a "strong-buy" rating and set a $35.01 target price for the company in a report on Wednesday, March 8th. If you are accessing this article on another site, it was copied illegally and republished in violation of US and global trademark and copyright law. Whole Foods Mkt Inc now has $11.52B valuation. Its products are sold 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.

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