Bank of Montreal Can boosted its holdings in TreeHouse Foods Inc. (NYSE:THS) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,432 shares of the company’s stock after buying an additional 1,345 shares during the period. Bank of Montreal Can’s holdings in TreeHouse Foods were worth $1,137,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its stake in TreeHouse Foods by 357.1% in the second quarter. Signaturefd LLC now owns 640 shares of the company’s stock valued at $28,000 after acquiring an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of TreeHouse Foods during the first quarter worth $34,000. Twin Tree Management LP bought a new stake in TreeHouse Foods in the 2nd quarter valued at $48,000. Advisor Group Holdings Inc. bought a new stake in TreeHouse Foods in the 1st quarter valued at $97,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in TreeHouse Foods in the 2nd quarter valued at $225,000.
THS has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of TreeHouse Foods from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. ValuEngine lowered shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, August 11th. Credit Suisse Group lowered their price objective on shares of TreeHouse Foods from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. DA Davidson initiated coverage on shares of TreeHouse Foods in a research note on Wednesday, May 27th. They issued a “buy” rating and a $62.00 price target on the stock. Finally, William Blair reiterated a “buy” rating on shares of TreeHouse Foods in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.63.
Shares of THS stock opened at $39.21 on Wednesday. The firm has a market capitalization of $2.22 billion, a P/E ratio of -11.30, a P/E/G ratio of 1.96 and a beta of 0.65. TreeHouse Foods Inc. has a twelve month low of $33.50 and a twelve month high of $58.94. The company has a quick ratio of 0.82, a current ratio of 1.48 and a debt-to-equity ratio of 1.16. The stock’s fifty day simple moving average is $43.06 and its 200 day simple moving average is $45.00.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.10. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.08 billion. TreeHouse Foods had a positive return on equity of 8.12% and a negative net margin of 4.51%. TreeHouse Foods’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. As a group, equities research analysts expect that TreeHouse Foods Inc. will post 2.67 EPS 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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