Comerica Bank decreased its stake in shares of TreeHouse Foods Inc. (NYSE:THS) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,887 shares of the company’s stock after selling 10,658 shares during the period. Comerica Bank owned approximately 0.31% of TreeHouse Foods worth $8,375,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in shares of TreeHouse Foods by 11.7% in the 1st quarter. Legal & General Group Plc now owns 81,780 shares of the company’s stock worth $3,129,000 after buying an additional 8,574 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of TreeHouse Foods by 54.5% in the 1st quarter. Xact Kapitalforvaltning AB now owns 8,509 shares of the company’s stock worth $326,000 after buying an additional 3,000 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of TreeHouse Foods in the 2nd quarter worth $615,000. Nisa Investment Advisors LLC purchased a new position in shares of TreeHouse Foods in the 2nd quarter worth $1,120,000. Finally, Huntington National Bank boosted its stake in shares of TreeHouse Foods by 50.0% in the 2nd quarter. Huntington National Bank now owns 3,000 shares of the company’s stock worth $158,000 after buying an additional 1,000 shares during the last quarter.
Shares of NYSE THS opened at $48.52 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $2.70 billion, a P/E ratio of 17.27, a PEG ratio of 4.11 and a beta of 0.41. TreeHouse Foods Inc. has a 52-week low of $36.35 and a 52-week high of $55.60.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 5.93%. TreeHouse Foods’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share. Analysts anticipate that TreeHouse Foods Inc. will post 2.13 EPS for the current year.
A number of equities analysts have recently issued reports on THS shares. ValuEngine downgraded TreeHouse Foods from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. upgraded TreeHouse Foods from an “underweight” rating to a “neutral” rating and set a $39.00 target price on the stock in a research report on Friday, August 3rd. Stifel Nicolaus lifted their target price on TreeHouse Foods from $48.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, August 3rd. Barclays reiterated a “hold” rating and set a $53.00 target price on shares of TreeHouse Foods in a research report on Sunday, August 5th. Finally, Zacks Investment Research downgraded TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Twelve investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $48.62.
In related news, VP Thomas Emmet Oneill III sold 3,987 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $48.00, for a total value of $191,376.00. Following the completion of the sale, the vice president now owns 131,720 shares in the company, valued at $6,322,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by insiders.
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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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