Quantitative Systematic Strategies LLC acquired a new stake in shares of TreeHouse Foods Inc. (NYSE:THS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,414 shares of the company’s stock, valued at approximately $239,000.
Other large investors also recently added to or reduced their stakes in the company. Independence Advisors LLC bought a new stake in TreeHouse Foods during the second quarter valued at about $205,000. LS Investment Advisors LLC boosted its stake in TreeHouse Foods by 72.0% in the second quarter. LS Investment Advisors LLC now owns 3,411 shares of the company’s stock valued at $350,000 after buying an additional 1,428 shares during the last quarter. 1st Global Advisors Inc. raised its position in TreeHouse Foods by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 4,832 shares of the company’s stock worth $496,000 after buying an additional 22 shares during the period. Capstone Asset Management Co. raised its position in TreeHouse Foods by 40.0% in the second quarter. Capstone Asset Management Co. now owns 5,176 shares of the company’s stock worth $531,000 after buying an additional 1,480 shares during the period. Finally, IBM Retirement Fund acquired a new position in TreeHouse Foods during the second quarter worth $568,000.
Shares of TreeHouse Foods Inc. (NYSE:THS) traded down 0.53% during mid-day trading on Friday, hitting $87.07. 545,164 shares of the stock were exchanged. The company has a 50-day moving average price of $89.00 and a 200-day moving average price of $93.56. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 55.46 and a beta of 0.40. TreeHouse Foods Inc. has a 12 month low of $66.30 and a 12 month high of $104.53.
TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The business earned $1.50 billion during the quarter, compared to the consensus estimate of $1.58 billion. TreeHouse Foods had a return on equity of 6.18% and a net margin of 1.74%. The business’s quarterly revenue was up 103.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 EPS. Equities analysts expect that TreeHouse Foods Inc. will post $3.07 earnings per share for the current year.
THS has been the subject of a number of recent research reports. Zacks Investment Research raised shares of TreeHouse Foods from a “hold” rating to a “strong-buy” rating and set a $119.00 target price for the company in a report on Monday, July 25th. Jefferies Group reissued a “buy” rating on shares of TreeHouse Foods in a report on Monday, August 1st. Susquehanna reissued a “buy” rating and issued a $109.00 target price on shares of TreeHouse Foods in a report on Monday, June 27th. JPMorgan Chase & Co. set a $119.00 target price on shares of TreeHouse Foods and gave the company a “buy” rating in a report on Friday, August 5th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $98.00 target price on shares of TreeHouse Foods in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. TreeHouse Foods has a consensus rating of “Buy” and an average price target of $107.71.
In other news, VP Thomas Emmet Oneill III sold 6,000 shares of the company’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 transaction, 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 SEC, which is available at this link. 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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