First Interstate Bank maintained its stake in Treehouse Foods, Inc. (NYSE:THS) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,630 shares of the company’s stock at the end of the first quarter. First Interstate Bank’s holdings in Treehouse Foods were worth $223,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP acquired a new position in Treehouse Foods during the third quarter valued at about $98,724,000. Price T Rowe Associates Inc. MD boosted its position in Treehouse Foods by 14.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,375,643 shares of the company’s stock valued at $555,892,000 after buying an additional 799,933 shares during the last quarter. FIL Ltd boosted its position in Treehouse Foods by 251.5% in the fourth quarter. FIL Ltd now owns 1,040,065 shares of the company’s stock valued at $75,083,000 after buying an additional 744,176 shares during the last quarter. Champlain Investment Partners LLC boosted its position in Treehouse Foods by 34.0% in the fourth quarter. Champlain Investment Partners LLC now owns 2,536,840 shares of the company’s stock valued at $183,134,000 after buying an additional 643,510 shares during the last quarter. Finally, Norges Bank purchased a new stake in Treehouse Foods during the fourth quarter valued at $37,045,000.
Shares of Treehouse Foods, Inc. (NYSE:THS) traded up 2.44% during midday trading on Friday, hitting $81.01. The company had a trading volume of 1,939,354 shares. The company’s 50 day moving average is $78.85 and its 200 day moving average is $79.41. The firm’s market cap is $4.61 billion. Treehouse Foods, Inc. has a one year low of $62.64 and a one year high of $104.53.
Treehouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.04. Treehouse Foods had a positive return on equity of 6.50% and a negative net margin of 3.12%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business posted $0.48 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. Equities analysts forecast that Treehouse Foods, Inc. will post $3.52 earnings per share for the current fiscal year.
THS has been the topic of several research reports. Zacks Investment Research lowered Treehouse Foods from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $95.00 target price on shares of Treehouse Foods in a report on Monday, April 3rd. Wedbush lowered Treehouse Foods from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. Stephens raised Treehouse Foods from an “equal weight” rating to an “overweight” rating and set a $90.00 price objective on the stock in a research note on Friday, May 5th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Treehouse Foods in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Treehouse Foods presently has a consensus rating of “Hold” and a consensus target price of $93.57.
In other Treehouse Foods news, Director Terdema L. Ussery II sold 8,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $76.55, for a total transaction of $627,710.00. Following the completion of the sale, the director now directly owns 10,610 shares in the company, valued at $812,195.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Dennis F. Riordan sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $86.18, for a total transaction of $1,292,700.00. Following the sale, the president now owns 72,767 shares of the company’s stock, valued at $6,271,060.06. The disclosure for this sale can be found here. Insiders have sold 52,630 shares of company stock valued at $4,291,805 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.
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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