Champlain Investment Partners LLC cut its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 7.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,216,815 shares of the company’s stock after selling 266,210 shares during the period. TreeHouse Foods comprises 1.8% of Champlain Investment Partners LLC’s portfolio, making the stock its 4th biggest position. Champlain Investment Partners LLC owned 0.06% of TreeHouse Foods worth $207,645,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of TreeHouse Foods by 0.9% in the 1st quarter. BlackRock Inc. now owns 4,908,358 shares of the company’s stock worth $316,834,000 after acquiring an additional 43,777 shares in the last quarter. Hudson Executive Capital LP acquired a new position in TreeHouse Foods during the 4th quarter valued at about $125,237,000. Dimensional Fund Advisors LP increased its position in TreeHouse Foods by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,307,271 shares of the company’s stock valued at $148,934,000 after buying an additional 19,307 shares in the last quarter. Norges Bank acquired a new position in TreeHouse Foods during the 4th quarter valued at about $46,657,000. Finally, Thrivent Financial for Lutherans increased its position in TreeHouse Foods by 6,304.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 870,168 shares of the company’s stock valued at $44,127,000 after buying an additional 856,582 shares in the last quarter.
TreeHouse Foods stock opened at $54.55 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 0.62 and a debt-to-equity ratio of 1.17. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 2.39 and a beta of 0.77. TreeHouse Foods Inc. has a fifty-two week low of $41.18 and a fifty-two week high of $67.88.
THS has been the topic of several recent analyst reports. SunTrust Banks raised TreeHouse Foods from a “hold” rating to a “buy” rating and upped their target price for the company from $55.00 to $70.00 in a research report on Monday, March 25th. They noted that the move was a valuation call. Wells Fargo & Co raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and upped their target price for the company from $60.00 to $80.00 in a research report on Monday, April 29th. BMO Capital Markets upped their target price on TreeHouse Foods to $55.00 and gave the company a “market perform” rating in a research report on Friday, February 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a $72.00 target price on shares of TreeHouse Foods in a research report on Wednesday, March 27th. Finally, Credit Suisse Group set a $55.00 target price on TreeHouse Foods and gave the company a “hold” rating in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $56.85.
In other TreeHouse Foods news, COO Clifford Braun sold 2,103 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $57.77, for a total transaction of $121,490.31. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas Emmet Oneill III sold 10,618 shares of the business’s 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 sale, the vice president now owns 124,117 shares in the company, valued at approximately $7,068,463.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,398 shares of company stock worth $982,472. Company insiders own 1.50% of the company’s stock.
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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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