Treehouse Foods, Inc. (THS) Stake Raised by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can increased its holdings in Treehouse Foods, Inc. (NYSE:THS) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,964 shares of the company’s stock after purchasing an additional 8,862 shares during the period. Great West Life Assurance Co. Can owned 0.23% of Treehouse Foods worth $9,056,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Bank of Montreal Can grew its position in Treehouse Foods by 12.3% during the second quarter. Bank of Montreal Can now owns 10,053 shares of the company’s stock valued at $821,000 after acquiring an additional 1,100 shares during the period. Creative Planning grew its position in Treehouse Foods by 28.8% during 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. Aperio Group LLC grew its position in Treehouse Foods by 45.2% during the second quarter. Aperio Group LLC now owns 21,389 shares of the company’s stock valued at $1,747,000 after acquiring an additional 6,656 shares during the period. World Asset Management Inc grew its position in Treehouse Foods by 2.3% during the second quarter. World Asset Management Inc now owns 3,730 shares of the company’s stock valued at $305,000 after acquiring an additional 85 shares during the period. Finally, Candriam Luxembourg S.C.A. purchased a new stake in Treehouse Foods during the second quarter valued at about $286,000.
Shares of Treehouse Foods, Inc. (NYSE THS) traded down $0.58 on Wednesday, hitting $45.50. The company’s stock had a trading volume of 868,700 shares, compared to its average volume of 790,497. The firm has a market capitalization of $2,600.00, a PE ratio of 15.73, a PEG ratio of 2.56 and a beta of 0.49. 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 quick ratio of 0.81 and a current ratio of 2.16.
Treehouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 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 analyst estimates of $1.52 billion. Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS. analysts predict that Treehouse Foods, Inc. will post 2.72 EPS for the current year.
Treehouse Foods declared that its board has approved a stock buyback program on Thursday, November 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In related news, Director Gary Dale Smith acquired 2,000 shares of Treehouse Foods stock in a transaction on Tuesday, November 7th. The shares were bought at an average price of $42.64 per share, for a total transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $67.58, for a total value of $775,818.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,440 shares of company stock worth $2,027,712. 3.50% of the stock is currently owned by insiders.
THS has been the subject of a number of research reports. Jefferies Group reissued a “buy” rating and set a $100.00 price target on shares of Treehouse Foods in a research report on Tuesday, September 26th. BMO Capital Markets reissued a “buy” rating and set a $85.00 price target on shares of Treehouse Foods in a research report on Thursday, November 2nd. Citigroup lowered their price target on Treehouse Foods from $90.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Vertical Group raised Treehouse Foods from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Finally, TheStreet downgraded Treehouse Foods from a “c-” rating to a “d+” rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Treehouse Foods currently has a consensus rating of “Hold” and a consensus target price of $59.51.
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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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