Connable Office Inc. Has $327,000 Stake in Treehouse Foods, Inc. (THS)
Connable Office Inc. held its position in shares of Treehouse Foods, Inc. (NYSE:THS) during the second quarter, Holdings Channel reports. The institutional investor owned 4,000 shares of the company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Treehouse Foods were worth $327,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. Creative Planning raised its position in shares of Treehouse Foods by 28.8% in the second quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after buying an additional 308 shares during the period. FNY Partners Fund LP bought a new position in shares of Treehouse Foods during the first quarter worth $126,000. Israel Discount Bank of New York bought a new position in shares of Treehouse Foods during the first quarter worth $140,000. State of Alaska Department of Revenue raised 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 during the period. Finally, Investment Counselors of Maryland LLC bought a new position in shares of Treehouse Foods during the second quarter worth $193,000.
Treehouse Foods, Inc. (THS) opened at 72.30 on Friday. The company’s 50 day moving average is $80.86 and its 200 day moving average is $81.75. Treehouse Foods, Inc. has a 12-month low of $62.64 and a 12-month high of $98.87. The firm’s market cap is $4.13 billion.
Treehouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. On average, equities analysts anticipate that Treehouse Foods, Inc. will post $3.19 earnings per share for the current year.
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THS has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Treehouse Foods from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. BMO Capital Markets reiterated a “buy” rating and issued a $90.00 price target on shares of Treehouse Foods in a report on Tuesday, June 13th. Jefferies Group LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Treehouse Foods in a report on Monday, May 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $93.00 price target on shares of Treehouse Foods in a report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded shares of Treehouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.29.
In other news, Director Terdema L. Ussery II sold 8,200 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $76.55, for a total transaction of $627,710.00. Following the transaction, the director now owns 10,610 shares in the company, valued at approximately $812,195.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Thomas Emmet Oneill III sold 14,430 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $76.50, for a total transaction of $1,103,895.00. Following the transaction, the chief accounting officer now owns 130,708 shares in the company, valued at approximately $9,999,162. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,330 shares of company stock worth $2,183,843. 3.50% of the stock is currently owned by company insiders.
Treehouse Foods Company 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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