World Asset Management Inc Buys 85 Shares of Treehouse Foods, Inc. (THS)
World Asset Management Inc increased its position in shares of Treehouse Foods, Inc. (NYSE:THS) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,730 shares of the company’s stock after buying an additional 85 shares during the period. World Asset Management Inc’s holdings in Treehouse Foods were worth $305,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in THS. BlackRock Inc. raised 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 period. Public Employees Retirement Association of Colorado raised 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 period. American Century Companies Inc. raised 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 period. Tudor Investment Corp ET AL raised 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 period. Finally, Russell Investments Group Ltd. raised 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 period.
Treehouse Foods, Inc. (NYSE:THS) opened at 71.06 on Wednesday. The stock’s market cap is $4.06 billion. Treehouse Foods, Inc. has a one year low of $62.64 and a one year high of $97.74. The company’s 50-day moving average price is $80.06 and its 200-day moving average price is $81.84.
Treehouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Analysts forecast that Treehouse Foods, Inc. will post $3.19 EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on THS shares. Zacks Investment Research raised Treehouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BMO Capital Markets reissued a “buy” rating and issued a $90.00 target price on shares of Treehouse Foods in a research note on Tuesday, June 13th. Stephens raised Treehouse Foods from an “equal weight” rating to an “overweight” rating and set a $90.00 target price for the company in a research note on Friday, May 5th. BidaskClub lowered Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Finally, Wedbush lowered Treehouse Foods from an “outperform” rating to a “neutral” rating in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $85.29.
In other Treehouse Foods news, SVP Erik Thomas Kahler sold 5,700 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were 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 owns 28,857 shares of the company’s stock, valued at $2,289,514.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Terdema L. Ussery II sold 8,200 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $76.55, for a total transaction of $627,710.00. Following the completion of the sale, the director now directly owns 10,610 shares of the company’s stock, valued at approximately $812,195.50. The disclosure for this sale can be found here. 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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