Eaton Vance Management purchased a new stake in Treehouse Foods, Inc. (NYSE:THS) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 243,574 shares of the company’s stock, valued at approximately $19,898,000. Eaton Vance Management owned approximately 0.43% of Treehouse Foods as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Creative Planning raised its position in 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 buying an additional 308 shares during the last quarter. FNY Partners Fund LP purchased a new position in Treehouse Foods during the 1st quarter worth approximately $126,000. Israel Discount Bank of New York purchased a new position in shares of Treehouse Foods during the 1st quarter valued at approximately $140,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 valued at $162,000 after purchasing an additional 199 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings 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 valued at $184,000 after purchasing an additional 141 shares in the last quarter.
In related news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $66.32, for a total transaction of $761,353.60. Following the sale, the chief executive officer now owns 70,647 shares of the company’s stock, valued at approximately $4,685,309.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.50% of the company’s stock.
Treehouse Foods, Inc. (NYSE:THS) opened at 67.21 on Friday. The firm has a 50-day moving average price of $71.14 and a 200 day moving average price of $79.78. The stock’s market cap is $3.84 billion. Treehouse Foods, Inc. has a 52-week low of $62.64 and a 52-week high of $90.42.
Treehouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. Equities analysts anticipate that Treehouse Foods, Inc. will post $3.19 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. Vertical Group cut shares of Treehouse Foods from a “buy” rating to a “hold” rating and lowered their price target for the company from $100.61 to $62.64 in a research report on Friday, August 4th. Vertical Research cut shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. UBS AG cut shares of Treehouse Foods from a “positive” rating to a “neutral” rating in a research report on Friday, August 4th. BMO Capital Markets cut their price target on shares of Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Finally, BidaskClub lowered shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Treehouse Foods currently has an average rating of “Hold” and a consensus price target of $85.29.
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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