Principal Financial Group Inc. increased its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 12.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 213,227 shares of the company’s stock after buying an additional 24,221 shares during the period. Principal Financial Group Inc. owned approximately 0.38% of TreeHouse Foods worth $21,888,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Texas Permanent School Fund increased its stake in TreeHouse Foods by 25.3% in the first quarter. Texas Permanent School Fund now owns 44,755 shares of the company’s stock worth $3,882,000 after buying an additional 9,025 shares in the last quarter. Aperio Group LLC increased its stake in shares of TreeHouse Foods by 24.7% in the first quarter. Aperio Group LLC now owns 9,833 shares of the company’s stock valued at $853,000 after buying an additional 1,948 shares during the period. Ngam Advisors L.P. acquired a new stake in shares of TreeHouse Foods during the first quarter valued at about $5,314,000. TIAA CREF Investment Management LLC increased its stake in shares of TreeHouse Foods by 55.0% in the first quarter. TIAA CREF Investment Management LLC now owns 214,187 shares of the company’s stock valued at $18,581,000 after buying an additional 76,017 shares during the period. Finally, Teachers Advisors Inc. increased its stake in shares of TreeHouse Foods by 37.2% in the first quarter. Teachers Advisors Inc. now owns 86,705 shares of the company’s stock valued at $7,522,000 after buying an additional 23,522 shares during the period. Institutional investors and hedge funds own 84.69% of the company’s stock.
TreeHouse Foods Inc. (NYSE:THS) traded up 0.31% on Friday, hitting $86.77. The company had a trading volume of 48,961 shares. The stock’s 50-day moving average price is $91.90 and its 200 day moving average price is $93.41. The company has a market capitalization of $4.92 billion, a P/E ratio of 55.27 and a beta of 0.20. TreeHouse Foods Inc. has a one year low of $66.30 and a one year high of $104.53.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The firm earned $1.50 billion during the quarter, compared to analyst estimates of $1.58 billion. TreeHouse Foods had a return on equity of 6.18% and a net margin of 1.74%. The company’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. On average, analysts expect that TreeHouse Foods Inc. will post $3.07 EPS for the current fiscal year.
THS has been the subject of several recent analyst reports. Susquehanna restated a “buy” rating and issued a $109.00 price target on shares of TreeHouse Foods in a report on Monday, June 27th. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Tuesday, July 5th. Jefferies Group increased their price target on TreeHouse Foods from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 15th. JPMorgan Chase & Co. set a $119.00 price target on TreeHouse Foods and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $98.00 price target on shares of TreeHouse Foods in a report on Friday, August 5th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $105.25.
In other TreeHouse Foods news, VP Thomas Emmet Oneill III sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $97.00, for a total transaction of $582,000.00. Following the completion of the sale, the vice president now directly owns 145,138 shares of the company’s stock, valued at approximately $14,078,386. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturing company. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. It manufactures a range of shelf stable, refrigerated and fresh products. Its product categories include beverages, salad dressings, snacks, beverage enhancers, pickles, Mexican and other sauces, soup and infant feeding, cereals, dry dinners, aseptic products, jams and other products.
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