Stillwater Investment Management L.P. bought a new position in shares of Treehouse Foods, Inc. (NYSE:THS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 176,000 shares of the company’s stock, valued at approximately $14,377,000. Treehouse Foods makes up 3.7% of Stillwater Investment Management L.P.’s investment portfolio, making the stock its 8th biggest holding. Stillwater Investment Management L.P. owned 0.31% of Treehouse Foods as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of THS. BlackRock Inc. increased its stake in Treehouse Foods by 9,591.4% during the 1st quarter. BlackRock Inc. now owns 4,652,270 shares of the company’s stock worth $393,860,000 after purchasing an additional 4,604,266 shares in the last quarter. Iridian Asset Management LLC CT increased its stake in 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 worth $146,958,000 after purchasing an additional 1,784,816 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in Treehouse Foods by 5,074.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 574,840 shares of the company’s stock worth $46,959,000 after purchasing an additional 563,731 shares in the last quarter. Wells Fargo & Company MN increased its stake in Treehouse Foods by 13.5% during the 2nd quarter. Wells Fargo & Company MN now owns 4,576,600 shares of the company’s stock worth $373,861,000 after purchasing an additional 543,475 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Treehouse Foods by 80.8% during the 2nd quarter. Jennison Associates LLC now owns 975,817 shares of the company’s stock worth $79,714,000 after purchasing an additional 436,163 shares in the last quarter.
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In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $66.32, for a total value of $761,353.60. Following the completion of the transaction, the chief executive officer now owns 70,647 shares in the company, valued at approximately $4,685,309.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.
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, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Treehouse Foods’s revenue was down 1.2% compared to the same quarter last year.
Several equities analysts have recently weighed in on the stock. BMO Capital Markets decreased 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. Zacks Investment Research raised shares of Treehouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Vertical Group cut shares of Treehouse Foods from a “buy” rating to a “hold” rating and decreased their price target for the stock from $100.61 to $62.64 in a research note on Friday, August 4th. J P Morgan Chase & Co cut shares of Treehouse Foods from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $76.00 in a research note on Friday, August 4th. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $83.56.
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.
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