SG Americas Securities LLC increased its stake in shares of TreeHouse Foods Inc. (NYSE:THS) by 503.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,561 shares of the company’s stock after purchasing an additional 16,318 shares during the period. SG Americas Securities LLC’s holdings in TreeHouse Foods were worth $857,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of THS. Norges Bank purchased a new stake in TreeHouse Foods during the 4th quarter worth about $40,456,000. Champlain Investment Partners LLC lifted its holdings in TreeHouse Foods by 7.6% during the 1st quarter. Champlain Investment Partners LLC now owns 3,984,335 shares of the company’s stock worth $175,908,000 after purchasing an additional 283,135 shares in the last quarter. APG Asset Management N.V. lifted its holdings in TreeHouse Foods by 63.4% during the 1st quarter. APG Asset Management N.V. now owns 565,700 shares of the company’s stock worth $32,521,000 after purchasing an additional 219,500 shares in the last quarter. Channing Capital Management LLC lifted its holdings in TreeHouse Foods by 25.1% during the 1st quarter. Channing Capital Management LLC now owns 1,012,571 shares of the company’s stock worth $44,705,000 after purchasing an additional 203,371 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in TreeHouse Foods by 34.5% during the 1st quarter. Victory Capital Management Inc. now owns 718,773 shares of the company’s stock worth $31,734,000 after purchasing an additional 184,206 shares in the last quarter.
Shares of NYSE THS opened at $43.82 on Friday. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of -6.75, a P/E/G ratio of 2.61 and a beta of 0.68. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 1.31. TreeHouse Foods Inc. has a 1-year low of $33.50 and a 1-year high of $60.38. The stock’s 50-day moving average is $44.61 and its 200 day moving average is $45.63.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. TreeHouse Foods had a positive return on equity of 7.25% and a negative net margin of 8.06%. TreeHouse Foods’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. On average, analysts forecast that TreeHouse Foods Inc. will post 2.59 EPS for the current fiscal year.
In related news, CAO Thomas Emmet Oneill III sold 20,881 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $53.00, for a total transaction of $1,106,693.00. Following the transaction, the chief accounting officer now directly owns 124,082 shares in the company, valued at approximately $6,576,346. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David B. Vermylen sold 19,750 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $52.45, for a total value of $1,035,887.50. Following the transaction, the director now owns 50,340 shares in the company, valued at $2,640,333. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,533 shares of company stock worth $2,401,014. 1.40% of the stock is currently owned by insiders.
A number of brokerages recently issued reports on THS. JPMorgan Chase & Co. increased their price objective on TreeHouse Foods from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Wells Fargo & Co lowered their price target on TreeHouse Foods from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Credit Suisse Group raised TreeHouse Foods from a “neutral” rating to an “outperform” rating and raised their price target for the company from $50.00 to $60.00 in a report on Thursday, April 16th. William Blair reaffirmed a “buy” rating on shares of TreeHouse Foods in a report on Tuesday, May 19th. Finally, SunTrust Banks raised their price target on TreeHouse Foods from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $54.88.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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