Stevens Capital Management LP Takes Position in Treehouse Foods, Inc. (THS)
Stevens Capital Management LP purchased a new stake in shares of Treehouse Foods, Inc. (NYSE:THS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,643 shares of the company’s stock, valued at approximately $585,000.
Other hedge funds also recently made changes to their positions in the company. Citigroup Inc. boosted its position in shares of Treehouse Foods by 120.6% in the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock valued at $105,000 after acquiring an additional 703 shares during the period. Creative Planning boosted 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 valued at $113,000 after acquiring an additional 308 shares during the period. Parallax Volatility Advisers L.P. boosted its position in shares of Treehouse Foods by 30.9% in the second quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock valued at $153,000 after acquiring an additional 442 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Treehouse Foods by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock valued at $162,000 after acquiring an additional 199 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of Treehouse Foods by 6.7% in the second quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock valued at $184,000 after acquiring an additional 141 shares during the period.
Several research firms have recently weighed in on THS. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $75.00 price objective on shares of Treehouse Foods in a research report on Monday, October 9th. BMO Capital Markets reduced their price objective on Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. UBS AG began coverage on Treehouse Foods in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price objective for the company. Wells Fargo & Company reduced their price objective on Treehouse Foods from $43.00 to $41.00 and set a “market perform” rating for the company in a research report on Tuesday. Finally, Bank of America Corporation reduced their price objective on Treehouse Foods from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $59.51.
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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 Monday, October 9th. The stock was sold at an average price of $67.58, for a total transaction of $775,818.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Dale Smith acquired 2,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were bought at an average cost of $42.64 per share, with a total value of $85,280.00. Following the completion of the acquisition, the director now owns 271 shares of the company’s stock, valued at approximately $11,555.44. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 34,440 shares of company stock valued at $2,027,712. Company insiders own 3.50% of the company’s stock.
Treehouse Foods, Inc. (NYSE:THS) opened at $42.86 on Friday. The company has a market capitalization of $2,395.60, a price-to-earnings ratio of 14.29, a P/E/G ratio of 2.33 and a beta of 0.63. Treehouse Foods, Inc. has a 12-month low of $40.26 and a 12-month high of $90.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.16 and a quick ratio of 0.81.
Treehouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. Treehouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. analysts predict that Treehouse Foods, Inc. will post 2.72 EPS for the current year.
Treehouse Foods declared that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
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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