Pinnacle Foods Inc (NYSE:PF), watched as one of its highest level insiders executed a transaction resulting in the lowering of their profile with the company. Executive Vice President Antonio F. Fernandez disposed of 3,035 shares of common stock at average prices ranging from $31.89 to $31.93 per share, and now has a total of 96,529 shares directly invested in the food corporation. Moreover, Pinnacle Foods Inc (NYSE:PF) is a $3.77 billion market cap company that operates as a manufacturer, marketer and distributor of branded food products in North America.
In addition, among the multiple outside investors in the company is Aqr Capital, the hedge fund run by billionaire Cliff Asness. This hedge fund maintained its position in recent months, as it reported no movement in its holdings with the company either way over the course of the last fiscal quarter, and now has about 1 million shares worth approximately $33.2 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.