Wedge Capital Management L L P NC Grows Stock Position in TreeHouse Foods Inc. (NYSE:THS)

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Wedge Capital Management L L P NC increased its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 643,118 shares of the company’s stock after purchasing an additional 8,982 shares during the period. Wedge Capital Management L L P NC’s holdings in TreeHouse Foods were worth $31,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in TreeHouse Foods by 182.8% in the 2nd quarter. AQR Capital Management LLC now owns 504,058 shares of the company’s stock valued at $26,922,000 after purchasing an additional 325,829 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of TreeHouse Foods in the second quarter worth about $11,813,000. Russell Investments Group Ltd. lifted its stake in shares of TreeHouse Foods by 7.4% in the third quarter. Russell Investments Group Ltd. now owns 1,862,598 shares of the company’s stock worth $103,280,000 after buying an additional 128,949 shares in the last quarter. BlackRock Inc. lifted its stake in shares of TreeHouse Foods by 1.8% in the second quarter. BlackRock Inc. now owns 4,998,543 shares of the company’s stock worth $270,420,000 after buying an additional 90,185 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in TreeHouse Foods by 63.8% during the second quarter. Bank of America Corp DE now owns 222,308 shares of the company’s stock worth $12,027,000 after acquiring an additional 86,611 shares during the last quarter.

In other news, CAO Thomas Emmet Oneill III sold 6,400 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $49.11, for a total transaction of $314,304.00. Following the completion of the sale, the chief accounting officer now owns 109,076 shares in the company, valued at approximately $5,356,722.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Shares of THS stock opened at $47.02 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 1.29. TreeHouse Foods Inc. has a twelve month low of $44.60 and a twelve month high of $67.88. The company’s 50-day moving average price is $48.57 and its 200-day moving average price is $52.54. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.78 and a beta of 0.70.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). TreeHouse Foods had a positive return on equity of 5.80% and a negative net margin of 7.65%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. TreeHouse Foods’s revenue for the quarter was down 5.4% on a year-over-year basis. As a group, equities research analysts predict that TreeHouse Foods Inc. will post 2.38 EPS for the current year.

THS has been the subject of several research reports. Zacks Investment Research cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating and set a $48.00 price objective for the company. in a research note on Monday. Barclays reissued a “hold” rating on shares of TreeHouse Foods in a research note on Sunday, November 10th. ValuEngine upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Friday, November 15th. William Blair upgraded TreeHouse Foods from a “market perform” rating to an “outperform” rating in a report on Monday, December 2nd. Finally, SunTrust Banks restated a “buy” rating and issued a $65.00 price target on shares of TreeHouse Foods in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $62.07.

TreeHouse Foods Profile

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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