Keybank National Association OH decreased its position in shares of Treehouse Foods, Inc. (NYSE:THS) by 66.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,593 shares of the company’s stock after selling 20,630 shares during the quarter. Keybank National Association OH’s holdings in Treehouse Foods were worth $865,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in THS. Cambridge Investment Research Advisors Inc. lifted its holdings in Treehouse Foods by 0.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,927 shares of the company’s stock valued at $586,000 after purchasing an additional 28 shares in the last quarter. Diversified Trust Co raised its holdings 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 acquiring an additional 50 shares during the period. World Asset Management Inc raised its holdings 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 acquiring an additional 85 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Treehouse Foods by 4.7% during the 1st quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock worth $179,000 after acquiring an additional 96 shares during the period. Finally, Utah Retirement Systems raised its holdings 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 acquiring an additional 100 shares during the period.
A number of equities analysts have recently commented on THS shares. Zacks Investment Research downgraded Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub upgraded Treehouse Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. BMO Capital Markets restated a “buy” rating on shares of Treehouse Foods in a research note on Tuesday, July 18th. Barclays PLC decreased their target price on Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Finally, Vertical Group cut Treehouse Foods from a “buy” rating to a “hold” rating and reduced their price objective for the company from $100.61 to $62.64 in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $85.29.
Shares of Treehouse Foods, Inc. (NYSE:THS) opened at 67.18 on Friday. Treehouse Foods, Inc. has a 12-month low of $62.64 and a 12-month high of $92.37. The firm’s market cap is $3.84 billion. The firm has a 50-day moving average price of $71.66 and a 200 day moving average price of $79.90.
Treehouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities research analysts anticipate that Treehouse Foods, Inc. will post $3.19 earnings per share for the current fiscal year.
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In other news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $66.32, for a total value of $761,353.60. Following the completion of the transaction, the chief executive officer now owns 70,647 shares in the company, valued at approximately $4,685,309.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.
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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