Parametrica Management Ltd purchased a new stake in shares of TreeHouse Foods Inc. (NYSE:THS) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,970 shares of the company’s stock, valued at approximately $321,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bessemer Group Inc. grew its position in TreeHouse Foods by 34.8% during the fourth quarter. Bessemer Group Inc. now owns 778 shares of the company’s stock valued at $39,000 after acquiring an additional 201 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of TreeHouse Foods by 0.6% in the fourth quarter. Arizona State Retirement System now owns 40,191 shares of the company’s stock worth $2,038,000 after purchasing an additional 254 shares during the last quarter. Diversified Trust Co grew its holdings in shares of TreeHouse Foods by 2.8% in the fourth quarter. Diversified Trust Co now owns 10,740 shares of the company’s stock worth $545,000 after purchasing an additional 295 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TreeHouse Foods by 10.6% in 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. Finally, Quadrant Capital Group LLC grew its holdings in shares of TreeHouse Foods by 287.2% in the first quarter. Quadrant Capital Group LLC now owns 573 shares of the company’s stock worth $36,000 after purchasing an additional 425 shares during the last quarter.
Shares of THS stock opened at $58.37 on Friday. TreeHouse Foods Inc. has a 52 week low of $41.18 and a 52 week high of $67.88. The firm has a market capitalization of $3.28 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 2.53 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 1.64 and a debt-to-equity ratio of 1.17.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 0.97%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue was down 12.2% on a year-over-year basis. Sell-side analysts anticipate that TreeHouse Foods Inc. will post 2.35 EPS for the current fiscal year.
Several brokerages have recently issued reports on THS. ValuEngine cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Jefferies Financial Group restated a “buy” rating and issued a $72.00 target price on shares of TreeHouse Foods in a report on Wednesday, March 27th. Bank of America restated a “neutral” rating and issued a $58.00 target price (up previously from $55.00) on shares of TreeHouse Foods in a report on Wednesday, January 23rd. BMO Capital Markets raised their target price on shares of TreeHouse Foods to $55.00 and gave the stock a “market perform” rating in a report on Friday, February 15th. Finally, Credit Suisse Group set a $55.00 target price on shares of TreeHouse Foods and gave the stock a “hold” rating in a report on Friday, February 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. TreeHouse Foods presently has an average rating of “Hold” and a consensus price target of $56.85.
In related news, SVP Christopher Wilkins sold 1,888 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $58.25, for a total value of $109,976.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas Emmet Oneill III sold 10,618 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $56.95, for a total value of $604,695.10. Following the completion of the sale, the vice president now directly owns 124,117 shares of the company’s stock, valued at approximately $7,068,463.15. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
TreeHouse Foods Company Profile
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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