SG Americas Securities LLC decreased its stake in shares of Treehouse Foods, Inc. (NYSE:THS) by 7.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,481 shares of the company’s stock after selling 432 shares during the period. SG Americas Securities LLC’s holdings in Treehouse Foods were worth $448,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp lifted its holdings in Treehouse Foods by 2.2% during the 1st quarter. State Street Corp now owns 1,445,476 shares of the company’s stock worth $122,367,000 after purchasing an additional 31,440 shares in the last quarter. State Treasurer State of Michigan raised its holdings in shares of Treehouse Foods by 1.7% in the 2nd quarter. State Treasurer State of Michigan now owns 23,500 shares of the company’s stock valued at $1,920,000 after acquiring an additional 400 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Treehouse Foods by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 229,757 shares of the company’s stock valued at $19,451,000 after acquiring an additional 5,142 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Treehouse Foods by 8.2% in the 1st quarter. Geode Capital Management LLC now owns 427,437 shares of the company’s stock valued at $36,186,000 after acquiring an additional 32,354 shares in the last quarter. Finally, Israel Discount Bank of New York purchased a new stake in shares of Treehouse Foods in the 1st quarter valued at about $140,000.
In related news, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $66.32, for a total value of $761,353.60. Following the sale, the chief executive officer now directly owns 70,647 shares in the company, valued at $4,685,309.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the sale, the senior vice president now owns 28,857 shares in the company, valued at $2,289,514.38. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by insiders.
Several analysts have weighed in on THS shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $90.00 price target on shares of Treehouse Foods in a report on Tuesday, June 13th. BidaskClub raised Treehouse Foods from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research raised Treehouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. J P Morgan Chase & Co cut Treehouse Foods from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $90.00 to $76.00 in a report on Friday, August 4th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $78.00 price target (down previously from $108.00) on shares of Treehouse Foods in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. Treehouse Foods currently has a consensus rating of “Hold” and a consensus price target of $85.29.
Treehouse Foods, Inc. (NYSE THS) opened at 67.24 on Wednesday. The company’s market capitalization is $3.85 billion. Treehouse Foods, Inc. has a 12 month low of $62.64 and a 12 month high of $92.37. The stock’s 50 day moving average price is $73.19 and its 200 day moving average price is $80.21.
Treehouse Foods (NYSE:THS) last posted its earnings results on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. Equities research analysts anticipate that Treehouse Foods, Inc. will post $3.19 earnings per share for the current fiscal year.
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, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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