Pinnacle Foods (PF) closed at $43.27 on February 26. It’s trading 1.9% above its 100-day moving average, 2.9% above its 50-day moving average, and 3.7% above its 20-day moving average. So far, the stock has risen 2% in 2016.
Peers’ moving averages
Pinnacle’s peers in the industry include Treehouse Foods (THS), Lancaster Colony (LANC), and J&J Snack Foods (JJSF). Treehouse Foods closed at $85.5. It’s 5.5%, 10.4%, and 5.8% above its 100-day, 50-day, and 20-day moving averages, respectively. So far, the stock has risen 12.3% in 2016. On February 26, Lancaster Colony closed at $101.26. This is 5.4% below its 100-day moving average, 7.2% below its 50-day moving average, and 0.5% above its 20-day moving average. So far, it has fallen 10.2% in 2016.
J&J Snack Foods is trading 3.3% below its 100-day moving average. However, it’s trading 0.3% and 2.7% above its 50-day and 20-day moving averages, respectively. So far, it has fallen 2.2% in 2016. On February 26, it closed at $110.59.
The PowerShares DWA Consumer Staples Momentum Portfolio (PSL) invests 2.5% of its holdings in Pinnacle Foods, 2.9% of its holdings in J&J Snack Foods, and 2.5% of its holdings in Lancaster Colony. PSL is trading 0.31%, 1.7%, and 2.7% above its 100-day, 20-day moving averages, and 50-day moving averages. On February 26, it closed at $56.01.
Analysts’ estimates indicate potential rises of 10.5% for Pinnacle Foods, 11.4% for Treehouse Foods, and 9.0% for Lancaster Colony for the next 12-month period. Meanwhile, J&J Snack Foods already beat analysts’ estimates by 2.4%. As of February 26, Pinnacle Foods and Treehouse Foods have risen 1.9% and 9.0%, respectively, on a YTD (year-to-date) basis. Lancaster Colony and J&J Snack Foods have fallen 12.3% and 5.2% YTD. PSL has fallen 1.4% YTD. The PowerShares Dynamic Food and Beverage (PBJ) also invests 3.1% of its portfolio in Lancaster Colony.
In the next part of this series, we’ll look at the rise in earnings in 4Q15. We’ll see what contributed to the earnings.