Crossmark Global Holdings Inc. purchased a new position in shares of Treehouse Foods, Inc. (NYSE:THS) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 8,396 shares of the company’s stock, valued at approximately $569,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. raised its stake in shares of 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 purchasing an additional 703 shares in the last quarter. Creative Planning raised its stake in shares of 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 purchasing an additional 308 shares in the last quarter. Parallax Volatility Advisers L.P. raised its stake in shares of 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 purchasing an additional 442 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 purchasing an additional 199 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Treehouse Foods by 6.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock worth $184,000 after purchasing an additional 141 shares in the last quarter.
A number of research firms have recently weighed in on THS. Vertical Group raised Treehouse Foods from a “hold” rating to a “buy” rating in a research note on Thursday. J P Morgan Chase & Co raised their price objective on Treehouse Foods from $38.00 to $39.00 and gave the company an “underweight” rating in a research note on Wednesday. BMO Capital Markets downgraded Treehouse Foods from an “outperform” rating to a “market perform” rating and set a $48.00 price objective on the stock. in a research note on Wednesday. Bank of America Corporation cut their price objective on Treehouse Foods from $55.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Wells Fargo & Company cut their price objective on Treehouse Foods from $43.00 to $41.00 and set a “market perform” rating on the stock in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $59.51.
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Treehouse Foods, Inc. (NYSE:THS) opened at $43.66 on Friday. The company has a quick ratio of 0.81, a current ratio of 2.16 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $2,460.00, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 2.14 and a beta of 0.63. Treehouse Foods, Inc. has a 1 year low of $40.26 and a 1 year high of $90.42.
Treehouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). The business had revenue of $1.55 billion during 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 business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 earnings per share. equities analysts anticipate that Treehouse Foods, Inc. will post 2.72 earnings per share for the current year.
Treehouse Foods announced that its Board of Directors has authorized a stock buyback program on Thursday, November 2nd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.
In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 70,647 shares of the company’s stock, valued at approximately $4,685,309.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary Dale Smith purchased 2,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was acquired at an average cost of $42.64 per share, for a total transaction of $85,280.00. Following the completion of the transaction, the director now owns 271 shares in the company, valued at $11,555.44. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 34,440 shares of company stock worth $2,027,712. Company insiders own 3.50% of the company’s stock.
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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