Treehouse Foods, Inc. (NYSE:THS) Position Increased by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can increased its position in shares of Treehouse Foods, Inc. (NYSE:THS) by 0.5% during the second quarter, Holdings Channel reports. The institutional investor owned 125,102 shares of the company’s stock after buying an additional 648 shares during the period. Great West Life Assurance Co. Can’s holdings in Treehouse Foods were worth $10,216,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. Teachers Advisors LLC raised its position 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 in the last quarter. Bank of Montreal Can raised its position 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 in the last quarter. Capstone Asset Management Co. raised its position 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 in the last quarter. Atria Investments LLC bought a new position in shares of Treehouse Foods during the first quarter worth about $329,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Treehouse Foods during the first quarter worth about $474,000.
Shares of Treehouse Foods, Inc. (THS) opened at 72.30 on Friday. Treehouse Foods, Inc. has a one year low of $62.64 and a one year high of $98.87. The firm has a 50-day moving average of $80.86 and a 200-day moving average of $81.75. The firm’s market capitalization is $4.13 billion.
Treehouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. On average, equities analysts predict that Treehouse Foods, Inc. will post $3.21 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on THS shares. Stifel Nicolaus reiterated a “buy” rating and issued a $93.00 target price on shares of Treehouse Foods in a research report on Wednesday, April 26th. Zacks Investment Research lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Stephens upgraded shares of Treehouse Foods from an “equal weight” rating to an “overweight” rating and set a $90.00 target price for the company in a research report on Friday, May 5th. Wedbush lowered shares of Treehouse Foods from an “outperform” rating to a “neutral” rating in a research report on Friday, May 5th. Finally, Wells Fargo & Company lowered shares of Treehouse Foods from an “outperform” rating to a “market perform” rating in a research report on Friday, May 5th. Two investment 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 presently has a consensus rating of “Hold” and an average price target of $85.29.
In related news, SVP Erik Thomas Kahler sold 5,700 shares of Treehouse Foods 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 in the company, valued at $2,289,514.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Terdema L. Ussery II sold 8,200 shares of Treehouse Foods stock in a transaction dated Thursday, May 18th. The stock was 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 owns 10,610 shares of the company’s stock, valued at $812,195.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,330 shares of company stock valued at $2,183,843. Corporate insiders own 3.50% of the company’s stock.
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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