Treehouse Foods, Inc. (THS) Stake Increased by Comerica Securities Inc.
Comerica Securities Inc. boosted its holdings in Treehouse Foods, Inc. (NYSE:THS) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,757 shares of the company’s stock after purchasing an additional 45 shares during the quarter. Comerica Securities Inc.’s holdings in Treehouse Foods were worth $307,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp grew its position in Treehouse Foods by 2.2% in the 1st quarter. State Street Corp now owns 1,445,476 shares of the company’s stock valued at $122,367,000 after purchasing an additional 31,440 shares during the period. State Treasurer State of Michigan grew its position in Treehouse Foods by 1.7% in the 2nd quarter. State Treasurer State of Michigan now owns 23,500 shares of the company’s stock valued at $1,920,000 after purchasing an additional 400 shares during the period. Principal Financial Group Inc. grew its position in Treehouse Foods by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 229,757 shares of the company’s stock valued at $19,451,000 after purchasing an additional 5,142 shares during the period. Geode Capital Management LLC grew its position in Treehouse Foods by 8.2% in the 1st quarter. Geode Capital Management LLC now owns 427,437 shares of the company’s stock valued at $36,186,000 after purchasing an additional 32,354 shares during the period. Finally, Israel Discount Bank of New York acquired a new stake in Treehouse Foods in the 1st quarter valued at $140,000.
Several research firms recently issued reports on THS. Vertical Group downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating and reduced their price target for the company from $100.61 to $62.64 in a research report on Friday, August 4th. Zacks Investment Research downgraded shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BMO Capital Markets reissued a “buy” rating and issued a $90.00 price target on shares of Treehouse Foods in a research report on Tuesday, June 13th. UBS AG downgraded shares of Treehouse Foods from a “positive” rating to a “neutral” rating in a research report on Friday, August 4th. Finally, BidaskClub raised shares of Treehouse Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Three research 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’s stock. The stock has a consensus rating of “Hold” and an average price target of $85.29.
Shares of Treehouse Foods, Inc. (NYSE:THS) opened at 67.21 on Friday. The stock’s market cap is $3.84 billion. Treehouse Foods, Inc. has a one year low of $62.64 and a one year high of $90.42. The company has a 50-day moving average price of $71.14 and a 200 day moving average price of $79.78.
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 analysts’ consensus estimates of $0.49 by $0.02. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The company’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 year.
In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the 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 transaction, the chief executive officer now owns 70,647 shares of the company’s stock, valued at $4,685,309.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.
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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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