TD Asset Management Inc. Raises Stake in Treehouse Foods, Inc. (NYSE:THS)
TD Asset Management Inc. increased its position in Treehouse Foods, Inc. (NYSE:THS) by 18.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,300 shares of the company’s stock after buying an additional 19,300 shares during the period. TD Asset Management Inc.’s holdings in Treehouse Foods were worth $10,317,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Treehouse Foods by 6.5% in the fourth quarter. Teachers Advisors LLC now owns 55,724 shares of the company’s stock worth $4,023,000 after buying an additional 3,415 shares during the period. Bank of Montreal Can boosted its stake in shares of Treehouse Foods by 14.2% in the first quarter. Bank of Montreal Can now owns 8,953 shares of the company’s stock worth $758,000 after buying an additional 1,114 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Treehouse Foods by 3.5% in the first quarter. Capstone Asset Management Co. now owns 7,456 shares of the company’s stock worth $631,000 after buying an additional 250 shares during the period. Atria Investments LLC bought a new stake in shares of Treehouse Foods during the first quarter worth $329,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Treehouse Foods during the first quarter worth $474,000.
Treehouse Foods, Inc. (THS) opened at 72.60 on Tuesday. The firm’s market capitalization is $4.15 billion. The stock has a 50 day moving average price of $80.37 and a 200-day moving average price of $81.85. Treehouse Foods, Inc. has a one year low of $62.64 and a one year high of $97.74.
Treehouse Foods (NYSE:THS) last posted its earnings results 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. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $0.54 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Treehouse Foods, Inc. will post $3.19 earnings per share for the current fiscal year.
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A number of equities research analysts recently weighed in on THS shares. Stifel Nicolaus restated a “buy” rating and set a $93.00 price objective on shares of Treehouse Foods in a research note on Wednesday, April 26th. Zacks Investment Research cut Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. Stephens upgraded 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 Friday, May 5th. Wedbush cut Treehouse Foods from an “outperform” rating to a “neutral” rating in a research note on Friday, May 5th. Finally, Wells Fargo & Company cut Treehouse Foods from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.29.
In other news, 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 directly owns 28,857 shares of the company’s stock, valued at approximately $2,289,514.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Terdema L. Ussery II sold 8,200 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $76.55, for a total value of $627,710.00. Following the completion of the sale, the director now directly owns 10,610 shares of the company’s stock, valued at $812,195.50. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by insiders.
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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