Pinnacle Foods (PF) has a market cap of $6.3 billion. It fell 0.06% to close at $53.26 per share on January 23, 2017. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.38%, 2.0%, and -0.36%, respectively, on the same day.
PF is trading 0.06% below its 20-day moving average, 4.0% above its 50-day moving average, and 11.2% above its 200-day moving average.
Related ETF and peers
The PowerShares DWA Consumer Staples Momentum Portfolio ETF (PSL) invests 3.5% of its holdings in Pinnacle Foods. The YTD price movement of PSL was 1.3% on January 23.
The market caps of Pinnacle Foods’s competitors are as follows:
On January 23, 2017, Moody’s reported, “Moody’s Investors Service, Inc. (“Moody’s”) today assigned a Ba2 rating to Pinnacle Foods Finance LLC’s (“Pinnacle”) proposed $2.262 billion 7-year senior secured term loan (“Term Loan B”) and $200 million 5-year senior secured revolving credit facility (“Revolver”).
“Net proceeds, together with of $220 million of cash on hand, will be used to refinance the company’s existing revolving credit facility and three term loans. The rating outlook is stable.”
Performance in fiscal 3Q16
Pinnacle Foods (PF) reported fiscal 3Q16 net sales of $758.8 million, a rise of 19.3% compared to net sales of $636.3 million in fiscal 3Q15. The rise in net sales was due to the acquisition of Boulder Brands as well as a rise in net price realization and volume and mix.
The company’s gross profit margin and EBIT[1. earnings before interest and tax] margin expanded by 230 basis points and 20 basis points, respectively, in fiscal 3Q16 compared to fiscal 3Q15.
Its net income and EPS (earnings per share) rose to $52.4 million and $0.44, respectively, in fiscal 3Q16 compared to $48.1 million and $0.41, respectively, in fiscal 3Q15. It reported adjusted EPS of $0.53 in fiscal 3Q16, a rise of 15.2% compared to fiscal 3Q15.
Pinnacle Foods’s cash and cash equivalents fell 8.6% and its inventories rose 24.6% between fiscal 3Q16 and fiscal 4Q15.
Pinnacle Foods made the following projections for fiscal 2016:
- adjusted EPS of $2.13–$2.15, which includes $0.08–$0.09 from the Boulder Brands acquisition
- input cost inflation of 2.0%–2.5%
- interest expense of ~$140.0 million
- capital expenditure of $110.0 million–$120.0 million
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