South Dakota Investment Council reduced its holdings in Treehouse Foods, Inc. (NYSE:THS) by 21.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,800 shares of the company’s stock after selling 6,900 shares during the period. South Dakota Investment Council’s holdings in Treehouse Foods were worth $2,026,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in THS. Creative Planning lifted its stake in Treehouse Foods by 28.8% in the 2nd quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after acquiring an additional 308 shares in the last quarter. FNY Partners Fund LP purchased a new stake in Treehouse Foods in the 1st quarter worth about $126,000. Israel Discount Bank of New York purchased a new stake in Treehouse Foods in the 1st quarter worth about $140,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Treehouse Foods by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock worth $162,000 after acquiring an additional 199 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Treehouse Foods by 6.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock worth $184,000 after acquiring an additional 141 shares in the last quarter.
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Shares of Treehouse Foods, Inc. (NYSE:THS) opened at 66.97 on Tuesday. Treehouse Foods, Inc. has a 1-year low of $62.64 and a 1-year high of $92.37. The stock’s 50 day moving average price is $73.38 and its 200-day moving average price is $80.31. The stock’s market capitalization is $3.83 billion.
Treehouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. Equities research analysts anticipate that Treehouse Foods, Inc. will post $3.19 EPS for the current fiscal year.
Several brokerages recently issued reports on THS. BidaskClub downgraded Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Barclays PLC reduced their price objective on Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. BMO Capital Markets reduced their price objective on Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. Vertical Group downgraded Treehouse Foods from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $100.61 to $62.64 in a research note on Friday, August 4th. Finally, Vertical Research downgraded Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $85.29.
In other news, SVP Erik Thomas Kahler sold 5,700 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $79.34, for a total value of $452,238.00. Following the sale, 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 accessible through the SEC website. Also, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $66.32, for a total value of $761,353.60. Following the completion of the sale, the chief executive officer now owns 70,647 shares in the company, valued at $4,685,309.04. The disclosure for this sale can be found here. Insiders own 3.50% of the company’s stock.
Treehouse Foods 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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