Deutsche Bank AG lowered its holdings in TreeHouse Foods (NYSE:THS) by 52.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,955 shares of the company’s stock after selling 97,962 shares during the period. Deutsche Bank AG’s holdings in TreeHouse Foods were worth $4,347,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in THS. Balter Liquid Alternatives LLC purchased a new stake in shares of TreeHouse Foods in the 4th quarter valued at about $174,000. State of Alaska Department of Revenue purchased a new stake in shares of TreeHouse Foods in the 4th quarter valued at about $197,000. CenterStar Asset Management LLC purchased a new stake in shares of TreeHouse Foods in the 4th quarter valued at about $227,000. AMP Capital Investors Ltd purchased a new stake in shares of TreeHouse Foods in the 4th quarter valued at about $326,000. Finally, Stoneridge Investment Partners LLC raised its holdings in shares of TreeHouse Foods by 178.9% in the 4th quarter. Stoneridge Investment Partners LLC now owns 8,471 shares of the company’s stock valued at $419,000 after acquiring an additional 5,434 shares in the last quarter.
THS opened at $39.27 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 2.48. TreeHouse Foods has a 1 year low of $36.35 and a 1 year high of $90.42. The company has a market cap of $2,209.93, a P/E ratio of 13.98, a P/E/G ratio of 3.80 and a beta of 0.52.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, February 15th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company earned $1.14 EPS. TreeHouse Foods’s revenue for the quarter was down 4.3% compared to the same quarter last year. research analysts forecast that TreeHouse Foods will post 2.09 earnings per share for the current fiscal year.
In related news, VP Thomas Emmet Oneill III sold 36,100 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 available through this hyperlink. Also, Chairman Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $38.76, for a total value of $444,964.80. Following the transaction, the chairman now owns 85,636 shares in the company, valued at $3,319,251.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,540 shares of company stock worth $2,924,829. 3.60% of the stock is owned by corporate insiders.
THS has been the topic of a number of research reports. ValuEngine cut TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. Susquehanna Bancshares set a $44.00 price objective on TreeHouse Foods and gave the company a “hold” rating in a report on Monday, February 12th. SunTrust Banks reissued a “hold” rating and set a $35.00 price objective on shares of TreeHouse Foods in a report on Friday, February 16th. Wells Fargo set a $46.00 price objective on TreeHouse Foods and gave the company a “hold” rating in a report on Thursday, January 4th. Finally, Zacks Investment Research cut TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $53.51.
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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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