Goldman Sachs Group Inc. grew its stake in shares of TreeHouse Foods Inc. (NYSE:THS) by 12.8% during the 4th quarter, Holdings Channel reports. The firm owned 909,966 shares of the company’s stock after buying an additional 103,093 shares during the period. Goldman Sachs Group Inc.’s holdings in TreeHouse Foods were worth $45,007,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Amica Mutual Insurance Co. acquired a new position in shares of TreeHouse Foods during the 3rd quarter worth approximately $868,000. NWQ Investment Management Company LLC increased its position in shares of TreeHouse Foods by 9.5% during the 3rd quarter. NWQ Investment Management Company LLC now owns 1,271,494 shares of the company’s stock worth $86,118,000 after purchasing an additional 110,175 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in shares of TreeHouse Foods during the 4th quarter worth approximately $2,468,000. Dimensional Fund Advisors LP increased its position in shares of TreeHouse Foods by 14.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 870,756 shares of the company’s stock worth $58,977,000 after purchasing an additional 106,632 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of TreeHouse Foods by 21.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 304,706 shares of the company’s stock worth $20,638,000 after purchasing an additional 53,830 shares during the last quarter.
A number of research firms recently weighed in on THS. Wolfe Research began coverage on TreeHouse Foods in a report on Monday, December 4th. They set a “market perform” rating on the stock. Credit Suisse Group reissued a “hold” rating and set a $48.00 target price on shares of TreeHouse Foods in a report on Friday, February 9th. Zacks Investment Research lowered TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Susquehanna Bancshares set a $44.00 target price on TreeHouse Foods and gave the stock a “hold” rating in a report on Monday, February 12th. Finally, Wells Fargo set a $46.00 target price on TreeHouse Foods and gave the stock a “hold” rating in a report on Thursday, January 4th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $53.51.
TreeHouse Foods Inc. (NYSE THS) opened at $40.42 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 2.48 and a debt-to-equity ratio of 1.12. TreeHouse Foods Inc. has a 1-year low of $36.35 and a 1-year high of $90.42. The company has a market capitalization of $2,338.69, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 4.04 and a beta of 0.60.
TreeHouse Foods (NYSE:THS) last issued 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. TreeHouse Foods had a positive return on equity of 6.49% and a negative net margin of 4.54%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the firm posted $1.14 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. equities research analysts predict that TreeHouse Foods Inc. will post 2.08 earnings per share for the current year.
In other news, VP Thomas Emmet Oneill III sold 36,100 shares of the company’s stock in a transaction on 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 completion of the sale, the vice president now directly owns 168,479 shares in the company, valued at approximately $7,079,487.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $42.44, for a total value of $487,211.20. Following the sale, the chief executive officer now owns 81,147 shares of the company’s stock, valued at $3,443,878.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,540 shares of company stock worth $3,050,650. Insiders own 3.60% of the company’s stock.
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About TreeHouse Foods
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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