Bank of New York Mellon Corp decreased its holdings in shares of TreeHouse Foods Inc. (NYSE:THS) by 8.9% in the 4th quarter, HoldingsChannel reports. The fund owned 685,867 shares of the company’s stock after selling 67,133 shares during the period. Bank of New York Mellon Corp’s holdings in TreeHouse Foods were worth $34,780,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. CX Institutional acquired a new position in TreeHouse Foods during the fourth quarter worth about $27,000. FNY Investment Advisers LLC bought a new stake in shares of TreeHouse Foods during the fourth quarter worth about $37,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TreeHouse Foods by 10.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,957 shares of the company’s stock worth $201,000 after purchasing an additional 380 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of TreeHouse Foods during the third quarter worth about $206,000. Finally, Quantbot Technologies LP bought a new stake in shares of TreeHouse Foods during the third quarter worth about $207,000.
Several analysts have recently weighed in on THS shares. Citigroup restated a “buy” rating and set a $60.00 price target on shares of TreeHouse Foods in a report on Wednesday, December 12th. Credit Suisse Group set a $55.00 price target on TreeHouse Foods and gave the stock a “hold” rating in a report on Friday, February 15th. Bank of America restated a “neutral” rating and set a $58.00 price target (up from $55.00) on shares of TreeHouse Foods in a report on Wednesday, January 23rd. Jefferies Financial Group set a $60.00 price target on TreeHouse Foods and gave the stock a “buy” rating in a report on Monday, December 10th. Finally, SunTrust Banks boosted their price target on TreeHouse Foods to $50.00 and gave the stock a “hold” rating in a report on Wednesday, December 12th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. TreeHouse Foods currently has a consensus rating of “Hold” and a consensus price target of $51.92.
Shares of THS stock opened at $61.34 on Friday. TreeHouse Foods Inc. has a one year low of $36.43 and a one year high of $62.78. The company has a market capitalization of $3.49 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.27 and a beta of 0.54. The company has a current ratio of 1.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.07.
TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, February 14th. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. TreeHouse Foods had a positive return on equity of 5.66% and a negative net margin of 1.06%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business posted $1.02 earnings per share. The firm’s revenue was down 11.3% on a year-over-year basis. As a group, sell-side analysts anticipate that TreeHouse Foods Inc. will post 2.54 EPS for the current fiscal year.
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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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