Vanguard Group Inc. Acquires 56,356 Shares of Treehouse Foods, Inc. (THS)
Vanguard Group Inc. grew its holdings in Treehouse Foods, Inc. (NYSE:THS) by 1.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,574,766 shares of the company’s stock after buying an additional 56,356 shares during the period. Vanguard Group Inc. owned approximately 8.03% of Treehouse Foods worth $373,713,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Citigroup Inc. boosted its stake in shares of Treehouse Foods by 120.6% during the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after purchasing an additional 703 shares during the period. Creative Planning boosted its stake in shares of Treehouse Foods by 28.8% during the 2nd quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after purchasing an additional 308 shares during the period. FNY Partners Fund LP purchased a new position in shares of Treehouse Foods during the 1st quarter worth about $126,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Treehouse Foods by 11.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock worth $162,000 after purchasing an additional 199 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Treehouse Foods by 6.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock worth $184,000 after purchasing an additional 141 shares during the period.
In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the 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 owns 70,647 shares of the company’s stock, valued at $4,685,309.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.50% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Vanguard Group Inc. Acquires 56,356 Shares of Treehouse Foods, Inc. (THS)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/10/07/vanguard-group-inc-acquires-56356-shares-of-treehouse-foods-inc-ths.html.
Shares of Treehouse Foods, Inc. (NYSE THS) opened at 67.31 on Friday. Treehouse Foods, Inc. has a 52-week low of $62.64 and a 52-week high of $90.42. The stock’s market capitalization is $3.85 billion. The firm has a 50-day moving average of $67.48 and a 200 day moving average of $77.81.
Treehouse Foods (NYSE:THS) last announced its earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. Treehouse Foods’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. Equities research analysts forecast that Treehouse Foods, Inc. will post $3.18 EPS for the current fiscal year.
A number of equities analysts recently commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Treehouse Foods in a research note on Tuesday, September 26th. Bank of America Corporation assumed coverage on shares of Treehouse Foods in a research note on Tuesday, September 19th. They set a “neutral” rating and a $68.00 price target for the company. BidaskClub cut shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Barclays PLC dropped their price target on shares of Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Finally, BMO Capital Markets dropped their price target on shares of Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Treehouse Foods has an average rating of “Hold” and a consensus target price of $81.85.
About Treehouse Foods
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.
Receive News & Stock Ratings for Treehouse Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Treehouse Foods Inc. and related stocks with our FREE daily email newsletter.