Treehouse Foods, Inc. (THS) Holdings Boosted by Cambiar Investors LLC
Cambiar Investors LLC grew its position in shares of Treehouse Foods, Inc. (NYSE:THS) by 116.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 539,559 shares of the company’s stock after buying an additional 289,857 shares during the quarter. Cambiar Investors LLC owned 0.94% of Treehouse Foods worth $36,544,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. Sterling Capital Management LLC lifted its position in shares of Treehouse Foods by 0.5% during the 2nd quarter. Sterling Capital Management LLC now owns 3,047 shares of the company’s stock worth $249,000 after buying an additional 14 shares in the last quarter. Comerica Securities Inc. lifted its position in shares of Treehouse Foods by 1.2% during the 2nd quarter. Comerica Securities Inc. now owns 3,757 shares of the company’s stock worth $307,000 after buying an additional 45 shares in the last quarter. Diversified Trust Co lifted its position in shares of Treehouse Foods by 0.6% during the 2nd quarter. Diversified Trust Co now owns 8,055 shares of the company’s stock worth $658,000 after buying an additional 50 shares in the last quarter. World Asset Management Inc lifted its position in shares of Treehouse Foods by 2.3% during the 2nd quarter. World Asset Management Inc now owns 3,730 shares of the company’s stock worth $305,000 after buying an additional 85 shares in the last quarter. Finally, Utah Retirement Systems lifted its position in shares of Treehouse Foods by 1.0% during the 2nd quarter. Utah Retirement Systems now owns 10,100 shares of the company’s stock worth $825,000 after buying an additional 100 shares in the last quarter.
Several research firms have commented on THS. Zacks Investment Research cut shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BMO Capital Markets reissued a “buy” rating on shares of Treehouse Foods in a research report on Tuesday, July 18th. Barclays PLC dropped their target price on shares of Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Vertical Group cut shares of Treehouse Foods from a “buy” rating to a “hold” rating and dropped their target price for the stock from $100.61 to $62.64 in a research report on Friday, August 4th. Finally, Vertical Research lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.89.
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In related news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Dale Smith acquired 2,000 shares of Treehouse Foods stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average price of $42.64 per share, with a total value of $85,280.00. Following the completion of the purchase, the director now directly owns 271 shares in the company, valued at approximately $11,555.44. The disclosure for this purchase can be found here. Insiders sold a total of 34,440 shares of company stock valued at $2,027,712 over the last quarter. 3.50% of the stock is owned by company insiders.
Treehouse Foods, Inc. (THS) traded up $0.50 during trading on Monday, reaching $43.08. 1,100,700 shares of the company were exchanged, compared to its average volume of 769,994. Treehouse Foods, Inc. has a fifty-two week low of $40.26 and a fifty-two week high of $90.42. The stock has a market cap of $2,480.00, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 2.20 and a beta of 0.63. 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 released its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.11). Treehouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The business 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 firm posted $0.70 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. equities research analysts anticipate that Treehouse Foods, Inc. will post 2.72 earnings per share for the current fiscal year.
Treehouse Foods declared that its board has authorized a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
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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