Guggenheim Capital LLC increased its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 7.9% in the 1st quarter, HoldingsChannel reports. The firm owned 183,261 shares of the company’s stock after purchasing an additional 13,465 shares during the period. Guggenheim Capital LLC’s holdings in TreeHouse Foods were worth $7,014,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Symons Capital Management Inc. acquired a new position in TreeHouse Foods during the first quarter worth $202,000. Quantitative Systematic Strategies LLC acquired a new position in TreeHouse Foods during the first quarter worth $214,000. Flinton Capital Management LLC boosted its stake in TreeHouse Foods by 62.5% during the fourth quarter. Flinton Capital Management LLC now owns 4,992 shares of the company’s stock worth $247,000 after buying an additional 1,920 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in TreeHouse Foods during the first quarter worth $258,000. Finally, Xact Kapitalforvaltning AB acquired a new position in TreeHouse Foods during the fourth quarter worth $272,000.
In other news, Director David B. Vermylen sold 51,600 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $43.86, for a total value of $2,263,176.00. Following the transaction, the director now owns 82,190 shares of the company’s stock, valued at approximately $3,604,853.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Sam K. Reed sold 11,480 shares of the company’s stock in a transaction on Monday, April 9th. The shares were sold at an average price of $38.76, for a total value of $444,964.80. Following the completion of the transaction, the chairman now directly owns 85,636 shares in the company, valued at approximately $3,319,251.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,064 shares of company stock worth $3,470,627. Corporate insiders own 3.60% of the company’s stock.
A number of equities analysts have weighed in on THS shares. Zacks Investment Research raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. SunTrust Banks boosted their price objective on TreeHouse Foods to $40.00 and gave the stock a “hold” rating in a research note on Monday, May 7th. Susquehanna Bancshares set a $39.00 price objective on TreeHouse Foods and gave the stock a “hold” rating in a research note on Thursday, May 3rd. Credit Suisse Group boosted their price objective on TreeHouse Foods to $37.00 and gave the stock a “neutral” rating in a research note on Monday, May 7th. Finally, ValuEngine lowered TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $52.00.
Shares of TreeHouse Foods stock opened at $52.51 on Friday. TreeHouse Foods Inc. has a 52 week low of $36.35 and a 52 week high of $85.99. The firm has a market capitalization of $3.00 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 5.16 and a beta of 0.58. The company has a current ratio of 2.33, a quick ratio of 0.90 and a debt-to-equity ratio of 1.14.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, May 3rd. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. TreeHouse Foods had a positive return on equity of 5.67% and a negative net margin of 5.57%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis. equities analysts forecast that TreeHouse Foods Inc. will post 2.09 earnings per share for the current fiscal year.
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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