United Fire Group Inc. Has $788,000 Stake in Treehouse Foods, Inc. (THS)
United Fire Group Inc. maintained its stake in Treehouse Foods, Inc. (NYSE:THS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,652 shares of the company’s stock at the end of the second quarter. United Fire Group Inc.’s holdings in Treehouse Foods were worth $788,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in THS. BlackRock Inc. increased its stake in Treehouse Foods by 9,591.4% in the first quarter. BlackRock Inc. now owns 4,652,270 shares of the company’s stock worth $393,860,000 after buying an additional 4,604,266 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Treehouse Foods by 5,074.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 574,840 shares of the company’s stock worth $46,959,000 after buying an additional 563,731 shares during the last quarter. American Century Companies Inc. increased its stake in Treehouse Foods by 52.2% in the first quarter. American Century Companies Inc. now owns 1,451,296 shares of the company’s stock worth $122,867,000 after buying an additional 497,893 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in Treehouse Foods by 331.1% in the first quarter. Tudor Investment Corp ET AL now owns 431,092 shares of the company’s stock worth $36,496,000 after buying an additional 331,092 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Treehouse Foods by 2,221.0% in the second quarter. Russell Investments Group Ltd. now owns 335,897 shares of the company’s stock worth $27,435,000 after buying an additional 321,425 shares during the last quarter.
Shares of Treehouse Foods, Inc. (NYSE THS) opened at 72.30 on Friday. The firm’s market capitalization is $4.13 billion. Treehouse Foods, Inc. has a one year low of $62.64 and a one year high of $98.87. The company has a 50-day moving average price of $80.86 and a 200 day moving average price of $81.75.
Treehouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned $0.54 EPS. Treehouse Foods’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts expect that Treehouse Foods, Inc. will post $3.19 earnings per share for the current fiscal year.
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A number of analysts have recently commented on THS shares. Zacks Investment Research upgraded Treehouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BMO Capital Markets restated a “buy” rating and set a $90.00 price objective on shares of Treehouse Foods in a report on Tuesday, June 13th. 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 report on Friday, May 5th. BidaskClub downgraded Treehouse Foods from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Wedbush downgraded Treehouse Foods from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. 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. The company presently has an average rating of “Hold” and an average price target of $85.29.
In related news, CAO Thomas Emmet Oneill III sold 14,430 shares of Treehouse Foods stock in a transaction on Monday, May 15th. The shares were sold at an average price of $76.50, for a total value of $1,103,895.00. Following the completion of the sale, the chief accounting officer now owns 130,708 shares of the company’s stock, valued at approximately $9,999,162. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Erik Thomas Kahler sold 5,700 shares of Treehouse Foods stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $79.34, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 28,330 shares of company stock valued at $2,183,843. 3.50% of the stock is owned by company 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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