State of Alaska Department of Revenue Increases Stock Holdings in TreeHouse Foods Inc. (NYSE:THS)

State of Alaska Department of Revenue raised its stake in TreeHouse Foods Inc. (NYSE:THS) by 65.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,992 shares of the company’s stock after purchasing an additional 3,941 shares during the period. State of Alaska Department of Revenue’s holdings in TreeHouse Foods were worth $554,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. boosted its holdings in shares of TreeHouse Foods by 5.1% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 189,264 shares of the company’s stock valued at $10,239,000 after acquiring an additional 9,111 shares during the period. BlackRock Inc. boosted its holdings in shares of TreeHouse Foods by 1.8% in the second quarter. BlackRock Inc. now owns 4,998,543 shares of the company’s stock valued at $270,420,000 after acquiring an additional 90,185 shares during the period. United Services Automobile Association lifted its holdings in shares of TreeHouse Foods by 15.5% during the second quarter. United Services Automobile Association now owns 12,415 shares of the company’s stock worth $672,000 after purchasing an additional 1,670 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of TreeHouse Foods during the second quarter worth $11,813,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of TreeHouse Foods during the second quarter worth $3,986,000.

In other news, SVP Clifford Braun sold 901 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $51.64, for a total value of $46,527.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas Emmet Oneill III sold 6,850 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $50.21, for a total value of $343,938.50. Following the completion of the transaction, the vice president now owns 121,183 shares of the company’s stock, valued at approximately $6,084,598.43. The disclosure for this sale can be found here. Insiders sold 14,606 shares of company stock valued at $760,211 in the last quarter. 1.50% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus raised TreeHouse Foods from a “hold” rating to a “buy” rating and increased their price target for the stock from $62.00 to $64.00 in a report on Thursday, August 1st. BMO Capital Markets raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 price target for the company in a report on Thursday, July 18th. ValuEngine downgraded TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research raised TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $62.25.

NYSE:THS traded down $0.54 during trading hours on Friday, hitting $53.86. The company’s stock had a trading volume of 3,834 shares, compared to its average volume of 338,164. The business’s 50-day moving average is $54.44 and its two-hundred day moving average is $56.32. The company has a market capitalization of $2.99 billion, a PE ratio of 24.46, a PEG ratio of 1.55 and a beta of 0.74. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 1.71. TreeHouse Foods Inc. has a 52-week low of $41.18 and a 52-week high of $67.88.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.07. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.30 billion. TreeHouse Foods had a positive return on equity of 5.73% and a negative net margin of 3.80%. TreeHouse Foods’s revenue was down 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. As a group, analysts predict that TreeHouse Foods Inc. will post 2.49 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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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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