State Street Corp grew its stake in Treehouse Foods, Inc. (NYSE:THS) by 1.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,472,162 shares of the company’s stock after buying an additional 26,686 shares during the quarter. State Street Corp owned 2.57% of Treehouse Foods worth $120,266,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Gotham Asset Management LLC boosted its stake in shares of Treehouse Foods by 371.1% in the 2nd quarter. Gotham Asset Management LLC now owns 116,972 shares of the company’s stock valued at $9,555,000 after buying an additional 92,140 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Treehouse Foods in the 2nd quarter valued at about $6,014,000. Shelton Capital Management purchased a new position in shares of Treehouse Foods in the 2nd quarter valued at about $354,000. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of Treehouse Foods by 0.7% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 994,335 shares of the company’s stock valued at $81,227,000 after buying an additional 6,703 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Treehouse Foods by 5.1% in the 2nd quarter. Royal Bank of Canada now owns 1,526,519 shares of the company’s stock valued at $124,701,000 after buying an additional 73,748 shares during the period.
In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $67.58, for a total transaction of $775,818.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.50% of the stock is owned by company insiders.
Shares of Treehouse Foods, Inc. (NYSE THS) opened at 67.58 on Monday. The company’s 50-day moving average price is $67.40 and its 200 day moving average price is $76.64. The stock’s market cap is $3.86 billion. Treehouse Foods, Inc. has a 1-year low of $62.64 and a 1-year high of $90.42.
Treehouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm earned $0.54 EPS. Treehouse Foods’s quarterly revenue was down 1.2% on a year-over-year basis. Equities analysts forecast that Treehouse Foods, Inc. will post $3.18 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets reiterated a “buy” rating on shares of Treehouse Foods in a research note on Tuesday, July 18th. BidaskClub cut Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Barclays PLC decreased their price objective on Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Finally, Vertical Research cut Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $80.36.
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Treehouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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