Pinnacle Foods, the maker of Hungry-Man frozen foods, Vlasic pickles and many other brand names, has an appetite for more food acquisitions now that trading has begun in its stock.
In addition to M&A, CEO Bob Gamgort told CNBC on Thursday that high dividends are also core to his strategy.
Gamgort spoke after Pinnacle Foods' IPO. Pinnacle, whose brands also include Lender's Bagels and Mrs. Butterworth pancakes, raised $580 million in its initial public offering.
"Dividends are a part of the attraction of the sector," Gamgort told CNBC's "Squawk on the Street."
"Our dividend payment is reflective of the incredible free cash flow we have. We can pay a 3.8 percent dividend yield and yet have a tremendous amount of cash flow to invest in the company, to pay down and debt, to pursue M&A."