Flinton Capital Management LLC increased its holdings in shares of TreeHouse Foods Inc. (NYSE:THS) by 62.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,992 shares of the company’s stock after acquiring an additional 1,920 shares during the period. Flinton Capital Management LLC’s holdings in TreeHouse Foods were worth $247,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Zions Bancorporation acquired a new position in TreeHouse Foods during the third quarter worth $212,000. Balter Liquid Alternatives LLC acquired a new stake in TreeHouse Foods in the fourth quarter valued at $174,000. State of Alaska Department of Revenue acquired a new stake in TreeHouse Foods in the fourth quarter valued at $197,000. CenterStar Asset Management LLC acquired a new stake in TreeHouse Foods in the fourth quarter valued at $227,000. Finally, Ellington Management Group LLC grew its holdings in TreeHouse Foods by 29.1% in the fourth quarter. Ellington Management Group LLC now owns 5,552 shares of the company’s stock valued at $275,000 after purchasing an additional 1,252 shares during the last quarter.
In related news, VP Thomas Emmet Oneill III sold 36,100 shares of the stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $42.02, for a total transaction of $1,516,922.00. Following the transaction, the vice president now directly owns 168,479 shares in the company, valued at $7,079,487.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $49.72, for a total value of $570,785.60. Following the transaction, the chief executive officer now owns 81,147 shares in the company, valued at $4,034,628.84. The disclosure for this sale can be found here. Insiders have sold 70,540 shares of company stock worth $3,050,650 over the last quarter. 3.60% of the stock is currently owned by company insiders.
Several analysts have weighed in on THS shares. Wolfe Research started coverage on TreeHouse Foods in a report on Monday, December 4th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. set a $39.00 target price on TreeHouse Foods and gave the company a “sell” rating in a report on Wednesday, December 13th. Wells Fargo set a $46.00 target price on TreeHouse Foods and gave the company a “hold” rating in a report on Thursday, January 4th. Zacks Investment Research raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $48.00 target price on shares of TreeHouse Foods in a report on Friday, February 9th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $53.51.
Shares of THS stock opened at $37.35 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 2.48. The company has a market capitalization of $2,179.43, a price-to-earnings ratio of -7.46, a P/E/G ratio of 3.76 and a beta of 0.60. TreeHouse Foods Inc. has a 52 week low of $36.35 and a 52 week high of $90.42.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, February 15th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. TreeHouse Foods had a positive return on equity of 6.49% and a negative net margin of 4.54%. The business’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. research analysts expect that TreeHouse Foods Inc. will post 2.08 EPS for the current year.
TreeHouse Foods 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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