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 and Chief Financial Officer Craig D. Steeneck disposed of 10,000 shares of common stock at average prices ranging from $32.31 to $32.49 per share, and now has a total of 297,697 shares invested in the food corporation. Moreover, Pinnacle Foods Inc (NYSE:PF) is a $3.86 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 billionaire Cliff Asness. Aqr Capital Management, the hedge fund run by Asness, maintained its position in recent months, as it reported no movement 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.
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