Ameriprise Financial Inc. Has $20.57 Million Position in Treehouse Foods, Inc. (THS)
Ameriprise Financial Inc. raised its stake in shares of Treehouse Foods, Inc. (NYSE:THS) by 16.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 251,834 shares of the company’s stock after purchasing an additional 36,078 shares during the period. Ameriprise Financial Inc. owned 0.44% of Treehouse Foods worth $20,573,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Karp Capital Management Corp bought a new position in shares of Treehouse Foods in the first quarter worth about $1,247,000. Parametric Portfolio Associates LLC lifted its position in shares of Treehouse Foods by 10.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 129,892 shares of the company’s stock valued at $10,997,000 after buying an additional 12,792 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Treehouse Foods by 5.9% during the 1st quarter. Prudential Financial Inc. now owns 38,308 shares of the company’s stock valued at $3,243,000 after buying an additional 2,134 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Treehouse Foods by 282.7% during the 1st quarter. SG Americas Securities LLC now owns 5,913 shares of the company’s stock valued at $501,000 after acquiring an additional 4,368 shares during the period. Finally, Clinton Group Inc. bought a new position in shares of Treehouse Foods during the 1st quarter valued at approximately $316,000.
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In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $66.32, for a total transaction of $761,353.60. Following the sale, the chief executive officer now owns 70,647 shares of the company’s stock, valued at approximately $4,685,309.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.50% of the stock is currently owned by corporate insiders.
Several equities research analysts recently issued reports on the stock. BMO Capital Markets reissued a “buy” rating and issued a $90.00 target price on shares of Treehouse Foods in a report on Tuesday, June 13th. BidaskClub upgraded shares of Treehouse Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Treehouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. J P Morgan Chase & Co cut shares of Treehouse Foods from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $76.00 in a research note on Friday, August 4th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $78.00 price objective (down from $108.00) on shares of Treehouse Foods in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $83.56.
Shares of Treehouse Foods, Inc. (NYSE:THS) opened at 67.73 on Monday. The stock’s market capitalization is $3.87 billion. The stock’s 50 day moving average price is $70.11 and its 200 day moving average price is $79.42. Treehouse Foods, Inc. has a one year low of $62.64 and a one year high of $90.42.
Treehouse Foods (NYSE:THS) last released its earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. The business 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 business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. Equities research analysts predict that Treehouse Foods, Inc. will post $3.18 EPS for the current fiscal year.
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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