Thompson Siegel & Walmsley LLC Has $22.49 Million Position in Treehouse Foods, Inc. (THS)
Thompson Siegel & Walmsley LLC increased its holdings in Treehouse Foods, Inc. (NYSE:THS) by 31.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 332,021 shares of the company’s stock after acquiring an additional 79,107 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.58% of Treehouse Foods worth $22,488,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. raised its holdings in shares of Treehouse Foods by 120.6% in the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after acquiring an additional 703 shares during the last quarter. Creative Planning raised its holdings in shares of Treehouse Foods by 28.8% in the 2nd quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after acquiring an additional 308 shares during the last quarter. Parallax Volatility Advisers L.P. raised its holdings in shares of Treehouse Foods by 30.9% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock worth $153,000 after acquiring an additional 442 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Treehouse Foods by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock worth $162,000 after acquiring an additional 199 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Treehouse Foods by 6.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock worth $184,000 after acquiring an additional 141 shares during the last quarter.
Treehouse Foods, Inc. (NYSE:THS) traded up $0.07 on Wednesday, reaching $44.07. 740,300 shares of the company traded hands, compared to its average volume of 789,387. Treehouse Foods, Inc. has a 52 week low of $40.26 and a 52 week high of $90.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 2.16. The company has a market cap of $2,517.47, a P/E ratio of 15.02, a PEG ratio of 2.44 and a beta of 0.63.
Treehouse Foods (NYSE:THS) last posted its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. equities analysts anticipate that Treehouse Foods, Inc. will post 2.72 earnings per share for the current year.
Treehouse Foods announced that its Board of Directors has initiated a share repurchase program on Thursday, November 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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In related news, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $67.58, for a total transaction of $775,818.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary Dale Smith bought 2,000 shares of Treehouse Foods stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $42.64 per share, for a total transaction of $85,280.00. Following the acquisition, the director now owns 271 shares in the company, valued at approximately $11,555.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 34,440 shares of company stock worth $2,027,712. Corporate insiders own 3.50% of the company’s stock.
A number of equities research analysts have issued reports on THS shares. Jefferies Group LLC set a $100.00 price objective on shares of Treehouse Foods and gave the stock a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research downgraded shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Treehouse Foods in a research report on Monday, October 9th. Stifel Nicolaus downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $84.00 to $44.00 in a research report on Thursday, November 2nd. Finally, Citigroup Inc. reduced their price objective on shares of Treehouse Foods from $90.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $59.51.
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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