Mutual of America Capital Management LLC raised its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 6.4% during the first quarter, Holdings Channel reports. The institutional investor owned 45,889 shares of the company’s stock after buying an additional 2,746 shares during the period. Mutual of America Capital Management LLC’s holdings in TreeHouse Foods were worth $3,885,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in THS. Israel Discount Bank of New York GFN acquired a new position in shares of TreeHouse Foods during the fourth quarter worth about $119,000. State of Alaska Department of Revenue boosted its position in shares of TreeHouse Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock worth $179,000 after buying an additional 96 shares in the last quarter. Wade G W & Inc. acquired a new position in shares of TreeHouse Foods during the third quarter worth about $208,000. First Interstate Bank boosted its position in shares of TreeHouse Foods by 26.7% in the fourth quarter. First Interstate Bank now owns 2,630 shares of the company’s stock worth $190,000 after buying an additional 555 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV acquired a new position in shares of TreeHouse Foods during the fourth quarter worth about $209,000.
TreeHouse Foods Inc. (NYSE:THS) traded up 0.69% during midday trading on Friday, reaching $77.01. 382,229 shares of the company’s stock traded hands. The company’s market cap is $4.38 billion. The stock has a 50-day moving average of $84.08 and a 200 day moving average of $78.32. TreeHouse Foods Inc. has a 52-week low of $62.64 and a 52-week high of $104.53.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.04. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. TreeHouse Foods had a positive return on equity of 5.89% and a negative net margin of 3.76%. TreeHouse Foods’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. On average, analysts anticipate that TreeHouse Foods Inc. will post $3.51 earnings per share for the current fiscal year.
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A number of equities analysts have recently issued reports on the stock. Stephens upgraded shares of TreeHouse Foods from an “equal weight” rating to an “overweight” rating and set a $90.00 price objective for the company in a research note on Monday. Jefferies Group LLC restated a “buy” rating and issued a $100.00 price objective on shares of TreeHouse Foods in a research note on Monday. Wedbush cut shares of TreeHouse Foods from an “outperform” rating to a “neutral” rating in a research note on Monday. Stifel Nicolaus restated a “buy” rating and issued a $93.00 price objective on shares of TreeHouse Foods in a research note on Wednesday, April 26th. Finally, Wells Fargo & Co cut shares of TreeHouse Foods from an “outperform” rating to a “market perform” rating 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 seven have assigned a buy rating to the stock. TreeHouse Foods has an average rating of “Buy” and a consensus price target of $95.63.
In other news, President Dennis F. Riordan sold 15,000 shares of the business’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 transaction, the president now directly owns 72,767 shares of the company’s stock, valued at $6,271,060.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Joseph Oconnell sold 8,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $85.00, for a total value of $697,000.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at $935,000. The disclosure for this sale can be found here. Insiders have sold 52,630 shares of company stock worth $4,361,095 over the last three months. Insiders own 3.40% of the company’s stock.
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, soup and infant feeding, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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