Ameriprise Financial Inc. raised its holdings in Treehouse Foods, Inc. (NYSE:THS) by 63.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 411,385 shares of the company’s stock after buying an additional 159,551 shares during the quarter. Ameriprise Financial Inc. owned 0.72% of Treehouse Foods worth $27,864,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in THS. Victory Capital Management Inc. lifted its position in shares of Treehouse Foods by 616.9% in the 3rd quarter. Victory Capital Management Inc. now owns 3,273,871 shares of the company’s stock worth $221,740,000 after acquiring an additional 2,817,230 shares during the period. Iridian Asset Management LLC CT lifted its position in shares of Treehouse Foods by 12,604.6% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,798,976 shares of the company’s stock worth $146,958,000 after acquiring an additional 1,784,816 shares during the period. Wells Fargo & Company MN lifted its position in shares of Treehouse Foods by 13.5% in the 2nd quarter. Wells Fargo & Company MN now owns 4,576,600 shares of the company’s stock worth $373,861,000 after acquiring an additional 543,475 shares during the period. Jennison Associates LLC lifted its position in shares of Treehouse Foods by 80.8% in the 2nd quarter. Jennison Associates LLC now owns 975,817 shares of the company’s stock worth $79,714,000 after acquiring an additional 436,163 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Treehouse Foods in the 3rd quarter worth approximately $27,092,000.
Several equities analysts recently commented on THS shares. Wolfe Research started coverage on Treehouse Foods in a research report on Monday. They set a “market perform” rating for the company. Jefferies Group restated a “buy” rating and set a $100.00 target price on shares of Treehouse Foods in a research report on Tuesday, September 26th. Credit Suisse Group set a $68.00 target price on Treehouse Foods and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Bank of America started coverage on Treehouse Foods in a research report on Tuesday, September 19th. They set a “neutral” rating and a $68.00 target price for the company. Finally, BidaskClub downgraded Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Treehouse Foods presently has a consensus rating of “Hold” and an average target price of $59.51.
In other news, Director Gary Dale Smith bought 2,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $42.64 per share, with a total value of $85,280.00. Following the purchase, the director now owns 271 shares of the company’s stock, valued at $11,555.44. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction on Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.
Shares of Treehouse Foods, Inc. (NYSE:THS) traded up $0.95 on Thursday, reaching $46.45. The company’s stock had a trading volume of 597,000 shares, compared to its average volume of 789,673. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. Treehouse Foods, Inc. has a 52-week low of $40.26 and a 52-week high of $90.42. The company has a market cap of $2,603.29, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 2.53 and a beta of 0.49.
Treehouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). Treehouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. sell-side analysts forecast that Treehouse Foods, Inc. will post 2.72 EPS for the current fiscal year.
Treehouse Foods announced that its board has approved a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
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About Treehouse Foods
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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