Great West Life Assurance Co. Can lessened its stake in shares of TreeHouse Foods Inc. (NYSE:THS) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,955 shares of the company’s stock after selling 12,035 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.33% of TreeHouse Foods worth $8,838,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC bought a new stake in TreeHouse Foods during the 3rd quarter valued at $3,383,000. Oregon Public Employees Retirement Fund bought a new stake in TreeHouse Foods during the 2nd quarter valued at $1,155,000. PNC Financial Services Group Inc. boosted its position in TreeHouse Foods by 62.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock valued at $204,000 after acquiring an additional 1,506 shares in the last quarter. Brown Advisory Inc. bought a new stake in TreeHouse Foods during the 2nd quarter valued at $216,000. Finally, Canada Pension Plan Investment Board boosted its position in TreeHouse Foods by 255.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 143,627 shares of the company’s stock valued at $7,542,000 after acquiring an additional 103,200 shares in the last quarter.
Several analysts have issued reports on the company. Zacks Investment Research cut TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Susquehanna Bancshares raised their price objective on TreeHouse Foods from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, September 20th. ValuEngine raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Thursday, September 13th. Wells Fargo & Co lowered their price objective on TreeHouse Foods from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Monday, November 5th. Finally, UBS Group set a $47.00 price objective on TreeHouse Foods and gave the stock a “hold” rating in a research report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.82.
TreeHouse Foods stock opened at $50.12 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 firm has a market capitalization of $2.80 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 4.29 and a beta of 0.46. TreeHouse Foods Inc. has a 1-year low of $36.35 and a 1-year high of $55.60.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 5.93%. The business’s quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 EPS. As a group, equities research analysts expect that TreeHouse Foods Inc. will post 2.12 EPS for the current fiscal year.
In other news, VP Thomas Emmet Oneill III sold 3,987 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $6,322,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by company insiders.
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TreeHouse Foods Company 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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