Treehouse Foods, Inc. (THS) Stake Raised by Swiss National Bank
Swiss National Bank grew its stake in Treehouse Foods, Inc. (NYSE:THS) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,851 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. Swiss National Bank owned approximately 0.17% of Treehouse Foods worth $7,748,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Treehouse Foods by 9,591.4% during the 1st quarter. BlackRock Inc. now owns 4,652,270 shares of the company’s stock valued at $393,860,000 after buying an additional 4,604,266 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Treehouse Foods by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 4,518,410 shares of the company’s stock valued at $382,529,000 after buying an additional 197,735 shares during the last quarter. FMR LLC grew its position in shares of Treehouse Foods by 6.0% during the 1st quarter. FMR LLC now owns 3,779,273 shares of the company’s stock valued at $319,953,000 after buying an additional 214,574 shares during the last quarter. Champlain Investment Partners LLC grew its position in shares of Treehouse Foods by 3.2% during the 1st quarter. Champlain Investment Partners LLC now owns 2,618,650 shares of the company’s stock valued at $221,695,000 after buying an additional 81,810 shares during the last quarter. Finally, Iridian Asset Management LLC CT grew its position in shares of Treehouse Foods by 12,604.6% during the 2nd quarter. Iridian Asset Management LLC CT now owns 1,798,976 shares of the company’s stock valued at $146,958,000 after buying an additional 1,784,816 shares during the last quarter.
A number of equities research analysts recently weighed in on THS shares. BMO Capital Markets reaffirmed a “buy” rating and set a $90.00 price objective on shares of Treehouse Foods in a research report on Tuesday, June 13th. BidaskClub raised shares of Treehouse Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Treehouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. J P Morgan Chase & Co downgraded shares of Treehouse Foods from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $90.00 to $76.00 in a research report on Friday, August 4th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $78.00 price objective (down previously from $108.00) on shares of Treehouse Foods in a research report on Friday, August 4th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $85.29.
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Treehouse Foods, Inc. (THS) opened at 67.21 on Friday. The company’s market cap is $3.84 billion. The firm has a 50-day moving average of $71.14 and a 200 day moving average of $79.78. Treehouse Foods, Inc. has a 52-week low of $62.64 and a 52-week high of $92.37.
Treehouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted $0.54 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Equities research analysts expect that Treehouse Foods, Inc. will post $3.19 earnings per share for the current fiscal year.
In related news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $66.32, for a total transaction of $761,353.60. Following the completion of the transaction, the chief executive officer now directly owns 70,647 shares of the company’s stock, valued at approximately $4,685,309.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.50% of the company’s stock.
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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