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Investing.com - Stocks in focus in pre-market trade Wednesday:
Pinnacle Foods (PF) Q2 performance is to gain from sturdy in-market performance cost-saving initiatives.
Pinnacle Foods' market share gains from its well-planned buyouts. Its cost-saving efforts are also yielding well. However, rising costs and sluggish Specialty segment remain woes.
[4] That year, Pinnacle Foods had its IPO on the New York Stock Exchange, raising approximately $580 million for its owners, the private equity Blackstone Group. Shares began trading under the ticker symbol PF on April 4 at the upper range of its offering, $20 per share, thereby valuing Pinnacle Foods with a market capitalization of $2.3 ...
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Gardein (a portmanteau of garden and protein) is a line of meat-free foods produced by Conagra Brands. In 2003, the company was founded by Yves Potvin, who remained as the CEO of Gardein until 2016. [1] In November 2014, Pinnacle Foods purchased Gardein for $154 million. [2] [3] Pinnacle was acquired by Conagra in 2018. [4]
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COST data by YCharts. 3. Value stocks increase in popularity. Many stocks now trade at premium prices thanks to the huge gains of the last couple of years. Sooner or later, though, investors will ...