Ibex Investors LLC lessened its position in TreeHouse Foods Inc. (NYSE:THS) by 25.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,869 shares of the company’s stock after selling 4,134 shares during the quarter. Ibex Investors LLC’s holdings in TreeHouse Foods were worth $766,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of TreeHouse Foods by 5.6% during the third quarter. Bank of New York Mellon Corp now owns 753,000 shares of the company’s stock valued at $36,031,000 after acquiring an additional 39,980 shares during the period. Morgan Stanley boosted its stake in TreeHouse Foods by 45.8% in the 3rd quarter. Morgan Stanley now owns 98,849 shares of the company’s stock worth $4,731,000 after purchasing an additional 31,047 shares during the period. Vanguard Group Inc. boosted its stake in TreeHouse Foods by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,055,279 shares of the company’s stock worth $241,896,000 after purchasing an additional 71,124 shares during the period. Legal & General Group Plc boosted its stake in TreeHouse Foods by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 82,376 shares of the company’s stock worth $3,942,000 after purchasing an additional 593 shares during the period. Finally, CX Institutional acquired a new position in TreeHouse Foods in the 4th quarter worth approximately $27,000.
In other news, Director Gary Dale Smith bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $56.51 per share, for a total transaction of $169,530.00. Following the acquisition, the director now directly owns 2,250 shares of the company’s stock, valued at approximately $127,147.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas Emmet Oneill III sold 10,618 shares of TreeHouse Foods stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $56.95, for a total transaction of $604,695.10. Following the completion of the transaction, the vice president now owns 124,117 shares in the company, valued at approximately $7,068,463.15. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
THS traded up $0.05 during trading on Wednesday, hitting $58.60. The stock had a trading volume of 3,574 shares, compared to its average volume of 726,186. The company has a market capitalization of $3.27 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 2.51 and a beta of 0.56. TreeHouse Foods Inc. has a 12 month low of $41.18 and a 12 month high of $67.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.64 and a quick ratio of 0.62.
TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. TreeHouse Foods had a negative net margin of 0.97% and a positive return on equity of 5.61%. The business’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. Analysts anticipate that TreeHouse Foods Inc. will post 2.35 earnings per share for the current year.
A number of equities analysts recently commented on the stock. ValuEngine lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $72.00 price objective on shares of TreeHouse Foods in a research note on Wednesday, March 27th. Bank of America reissued a “neutral” rating and set a $58.00 target price (up previously from $55.00) on shares of TreeHouse Foods in a research note on Wednesday, January 23rd. TheStreet raised shares of TreeHouse Foods from a “d+” rating to a “c-” rating in a research note on Wednesday, January 16th. Finally, BMO Capital Markets lifted their target price on shares of TreeHouse Foods to $55.00 and gave the company a “market perform” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.85.
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About TreeHouse Foods
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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