NWQ Investment Management Company LLC lifted its stake in Treehouse Foods, Inc. (NYSE:THS) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,271,494 shares of the company’s stock after purchasing an additional 110,175 shares during the period. Treehouse Foods accounts for 1.1% of NWQ Investment Management Company LLC’s portfolio, making the stock its 19th largest position. NWQ Investment Management Company LLC owned 2.22% of Treehouse Foods worth $86,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of THS. Citigroup Inc. grew its holdings in 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 acquiring an additional 703 shares during the period. Creative Planning grew its holdings 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 acquiring an additional 308 shares during the period. Parallax Volatility Advisers L.P. grew its holdings in Treehouse Foods by 30.9% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock worth $153,000 after acquiring an additional 442 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 acquiring an additional 199 shares during the period. Finally, ZWJ Investment Counsel Inc. acquired a new stake in Treehouse Foods during the 3rd quarter worth $212,000.
A number of analysts have commented on the stock. Susquehanna Bancshares reaffirmed a “hold” rating and set a $75.00 target price on shares of Treehouse Foods in a report on Monday, October 9th. UBS initiated coverage on shares of Treehouse Foods in a report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 target price for the company. Wells Fargo & Company reduced their price target on shares of Treehouse Foods from $43.00 to $41.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 14th. Bank of America reduced their price target on shares of Treehouse Foods from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 14th. Finally, BMO Capital Markets reissued a “buy” rating and set a $85.00 price target on shares of Treehouse Foods in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.51.
In related news, Director Gary Dale Smith acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $42.64 per share, with a total value of $85,280.00. Following the transaction, the director now owns 271 shares of the company’s stock, valued at approximately $11,555.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $67.58, for a total transaction of $775,818.40. The disclosure for this sale can be found here. Insiders sold a total of 34,440 shares of company stock worth $2,027,712 over the last ninety days. 3.50% of the stock is currently owned by insiders.
Shares of Treehouse Foods, Inc. (THS) traded down $0.58 during midday trading on Wednesday, hitting $45.50. 868,700 shares of the stock were exchanged, compared to its average volume of 790,497. The company has a market capitalization of $2,600.00, a PE ratio of 15.73, a price-to-earnings-growth ratio of 2.56 and a beta of 0.49. Treehouse Foods, Inc. has a 52 week low of $40.26 and a 52 week high of $90.42. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01.
Treehouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.11). The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. analysts forecast that Treehouse Foods, Inc. will post 2.72 EPS for the current fiscal year.
Treehouse Foods announced that its board has approved a stock repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
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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