South Dakota Investment Council reduced its stake in TreeHouse Foods Inc. (NYSE:THS) by 63.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,800 shares of the company’s stock after selling 45,600 shares during the period. South Dakota Investment Council’s holdings in TreeHouse Foods were worth $1,665,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THS. CX Institutional purchased a new stake in shares of TreeHouse Foods in the fourth quarter worth $27,000. Quadrant Capital Group LLC grew its stake 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 acquiring an additional 425 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of TreeHouse Foods in the fourth quarter worth $37,000. Bessemer Group Inc. grew its stake in shares of TreeHouse Foods by 34.8% in the fourth quarter. Bessemer Group Inc. now owns 778 shares of the company’s stock worth $39,000 after acquiring an additional 201 shares during the last quarter. Finally, Investors Research Corp purchased a new stake in shares of TreeHouse Foods during the first quarter valued at $77,000.
In other news, Director Gary Dale Smith bought 3,000 shares of the stock in a transaction on Monday, May 6th. The shares were bought at an average price of $56.51 per share, with a total value of $169,530.00. Following the completion of the acquisition, the director now owns 2,250 shares in the company, valued at $127,147.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Emmet Oneill III sold 10,618 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $56.95, for a total value of $604,695.10. Following the completion of the transaction, the vice president now directly owns 124,117 shares in the company, valued at approximately $7,068,463.15. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.
TreeHouse Foods (NYSE:THS) last posted its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company earned $0.18 earnings per share. TreeHouse Foods’s revenue was down 12.2% on a year-over-year basis. Equities analysts predict that TreeHouse Foods Inc. will post 2.38 earnings per share for the current year.
Several equities research analysts recently commented on the company. ValuEngine cut TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $72.00 price objective on shares of TreeHouse Foods in a research report on Wednesday, March 27th. Bank of America reaffirmed a “neutral” rating and set a $58.00 price objective (up from $55.00) on shares of TreeHouse Foods in a research report on Wednesday, January 23rd. TheStreet raised TreeHouse Foods from a “d+” rating to a “c-” rating in a research report on Wednesday, January 16th. Finally, BMO Capital Markets increased their price objective on TreeHouse Foods to $55.00 and gave the company a “market perform” rating in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. TreeHouse Foods has a consensus rating of “Hold” and an average price target of $56.85.
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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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