Southpoint Capital Advisors LP bought a new stake in TreeHouse Foods Inc. (NYSE:THS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,100,000 shares of the company’s stock, valued at approximately $54,406,000. TreeHouse Foods accounts for approximately 2.6% of Southpoint Capital Advisors LP’s holdings, making the stock its 17th largest position. Southpoint Capital Advisors LP owned about 1.92% of TreeHouse Foods at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. lifted its stake in TreeHouse Foods by 69.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 3,592,216 shares of the company’s stock worth $177,671,000 after purchasing an additional 1,466,030 shares during the period. Wells Fargo & Company MN raised its stake in shares of TreeHouse Foods by 12.2% in the third quarter. Wells Fargo & Company MN now owns 5,133,963 shares of the company’s stock valued at $347,723,000 after acquiring an additional 557,363 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of TreeHouse Foods in the fourth quarter valued at approximately $22,442,000. Cramer Rosenthal Mcglynn LLC raised its stake in shares of TreeHouse Foods by 46.5% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,311,311 shares of the company’s stock valued at $64,857,000 after acquiring an additional 416,001 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of TreeHouse Foods by 130.2% in the third quarter. Neuberger Berman Group LLC now owns 706,996 shares of the company’s stock valued at $47,885,000 after acquiring an additional 399,825 shares during the last quarter.
In related news, VP Thomas Emmet Oneill III sold 36,100 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $42.02, for a total value of $1,516,922.00. Following the transaction, the vice president now owns 168,479 shares in the company, valued at approximately $7,079,487.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $42.44, for a total transaction of $487,211.20. Following the completion of the transaction, the chief executive officer now owns 81,147 shares in the company, valued at approximately $3,443,878.68. The disclosure for this sale can be found here. Insiders have sold a total of 70,540 shares of company stock worth $3,050,650 over the last 90 days. 3.60% of the stock is owned by company insiders.
Shares of TreeHouse Foods Inc. (NYSE:THS) opened at $42.02 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 2.48. TreeHouse Foods Inc. has a 52-week low of $36.35 and a 52-week high of $90.42. The company has a market cap of $2,373.15, a PE ratio of 14.95, a price-to-earnings-growth ratio of 4.07 and a beta of 0.60.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, February 15th. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.93 by $0.09. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. TreeHouse Foods had a negative net margin of 4.54% and a positive return on equity of 6.49%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS. sell-side analysts anticipate that TreeHouse Foods Inc. will post 2.09 earnings per share for the current fiscal year.
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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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