Shelton Capital Management Takes $354,000 Position in Treehouse Foods, Inc. (THS)

Shelton Capital Management bought a new position in shares of Treehouse Foods, Inc. (NYSE:THS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,336 shares of the company’s stock, valued at approximately $354,000.

Other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. lifted its position in shares of Treehouse Foods by 120.6% during the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after buying an additional 703 shares in the last quarter. Creative Planning lifted its position in shares of Treehouse Foods by 28.8% during the 2nd quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after buying an additional 308 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of Treehouse Foods during the 1st quarter worth approximately $126,000. Parallax Volatility Advisers L.P. lifted its position in shares of Treehouse Foods by 30.9% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock worth $153,000 after buying an additional 442 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Treehouse Foods by 11.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock worth $162,000 after buying an additional 199 shares in the last quarter.

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Treehouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share.

THS has been the topic of several recent analyst reports. BidaskClub cut shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Susquehanna Bancshares Inc reissued a “hold” rating and set a $75.00 target price on shares of Treehouse Foods in a research report on Monday. J P Morgan Chase & Co cut shares of Treehouse Foods from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $90.00 to $76.00 in a research report on Friday, August 4th. BMO Capital Markets dropped their target price on shares of Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Finally, Barclays PLC dropped their target price on shares of Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Treehouse Foods has a consensus rating of “Hold” and a consensus price target of $81.52.

In related news, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $67.58, for a total transaction of $775,818.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.

Treehouse Foods Profile

TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.

Institutional Ownership by Quarter for Treehouse Foods (NYSE:THS)

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