Although competition remains intense, Pinnacle’s premiumization push has improved its standing.
Our $54 per share valuation for no-moat Pinnacle should not change materially after it posted on-track fourth-quarter results. Our long-term outlook, calling for low-single-digit sales growth and adjusted operating margins of around 20%, is intact.Pinnacle saw $3.14 billion in sales and adjusted EBIT of $569 million (18.1% margin), near our $3.16 billion and $572 million (18.1% margin) 2017 targets. The firm saw its market share rise by 0.5 points and increased consumption by 2.4%, which was im...
Pinnacle Foods is a holding company. The company is a manufacturer, marketer and distributor of convenience food products. The company's operations are managed and reported in four operating segments: frozen, which is comprised of the retail businesses of the company's legacy frozen brands, including vegetables, complete bagged meals, frozen dinners and entrees, among others; grocery, which is comprised of the retail businesses of the company's grocery brands; boulder, which is comprised of the retail businesses of the company's health and wellness lifestyle brands; and specialty, which includes the company's snack products (Tim's Cascade and Snyder of Berlin) and all of its U.S. foodservice and private label businesses.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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