Rhumbline Advisers cut its position in shares of Treehouse Foods, Inc. (NYSE:THS) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,139 shares of the company’s stock after selling 1,780 shares during the period. Rhumbline Advisers owned 0.19% of Treehouse Foods worth $8,752,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Creative Planning raised its position in shares of Treehouse Foods by 28.8% in the second quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after buying an additional 308 shares during the period. FNY Partners Fund LP bought a new position in shares of Treehouse Foods during the first quarter worth $126,000. Israel Discount Bank of New York bought a new position in shares of Treehouse Foods during the first quarter worth $140,000. State of Alaska Department of Revenue raised its position in shares of Treehouse Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock worth $179,000 after buying an additional 96 shares during the period. Finally, Investment Counselors of Maryland LLC bought a new position in shares of Treehouse Foods during the second quarter worth $193,000.
Treehouse Foods, Inc. (NYSE THS) opened at 68.66 on Friday. The company’s 50 day moving average is $77.89 and its 200 day moving average is $81.48. The firm’s market cap is $3.93 billion. Treehouse Foods, Inc. has a 12-month low of $62.64 and a 12-month high of $95.23.
Treehouse Foods (NYSE:THS) last issued its earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. On average, equities analysts anticipate that Treehouse Foods, Inc. will post $3.19 earnings per share for the current year.
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A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Treehouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BMO Capital Markets decreased their price target on shares of Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. Stephens upgraded shares of Treehouse Foods from an “equal weight” rating to an “overweight” rating and set a $90.00 price target on the stock in a report on Monday, May 15th. Vertical Group lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating and decreased their price target for the company from $100.61 to $62.64 in a report on Friday, August 4th. Finally, J P Morgan Chase & Co lowered shares of Treehouse Foods from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $90.00 to $76.00 in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $85.29.
In related news, SVP Erik Thomas Kahler sold 5,700 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $79.34, for a total transaction of $452,238.00. Following the transaction, the senior vice president now directly owns 28,857 shares in the company, valued at $2,289,514.38. The sale was disclosed in a filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by insiders.
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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