US Bancorp DE cut its stake in TreeHouse Foods Inc. (NYSE:THS) by 9.5% in the 1st quarter, HoldingsChannel reports. The fund owned 8,433 shares of the company’s stock after selling 890 shares during the quarter. US Bancorp DE’s holdings in TreeHouse Foods were worth $544,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in THS. BlackRock Inc. increased its stake in shares of TreeHouse Foods by 3.2% during the fourth quarter. BlackRock Inc. now owns 4,864,581 shares of the company’s stock worth $246,682,000 after purchasing an additional 152,310 shares during the period. Hudson Executive Capital LP bought a new position in TreeHouse Foods during the 4th quarter worth $125,237,000. Norges Bank bought a new position in TreeHouse Foods during the 4th quarter worth $46,657,000. Thrivent Financial for Lutherans increased its stake in TreeHouse Foods by 6,304.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 870,168 shares of the company’s stock worth $44,127,000 after acquiring an additional 856,582 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in TreeHouse Foods by 7.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 785,038 shares of the company’s stock worth $39,809,000 after acquiring an additional 51,514 shares during the period.
In other news, SVP Christopher Wilkins sold 1,888 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $58.25, for a total value of $109,976.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas Emmet Oneill III sold 10,618 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $56.95, for a total value of $604,695.10. Following the completion of the transaction, the vice president now owns 124,117 shares in the company, valued at approximately $7,068,463.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,398 shares of company stock valued at $982,472. Corporate insiders own 1.50% of the company’s stock.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 0.97%. TreeHouse Foods’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. On average, equities analysts predict that TreeHouse Foods Inc. will post 2.33 EPS for the current fiscal year.
A number of research firms have commented on THS. ValuEngine lowered TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Wells Fargo & Co raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and raised their target price for the company from $60.00 to $80.00 in a report on Monday, April 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $72.00 target price on shares of TreeHouse Foods in a report on Wednesday, March 27th. SunTrust Banks raised TreeHouse Foods from a “hold” rating to a “buy” rating and raised their target price for the company from $55.00 to $70.00 in a report on Monday, March 25th. They noted that the move was a valuation call. Finally, Credit Suisse Group set a $55.00 target price on TreeHouse Foods and gave the company a “hold” rating in a report on Friday, February 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $56.85.
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TreeHouse Foods 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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