Aperio Group LLC grew its holdings in TreeHouse Foods Inc. (NYSE:THS) by 180.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,525 shares of the company’s stock after purchasing an additional 30,604 shares during the period. Aperio Group LLC’s holdings in TreeHouse Foods were worth $2,351,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Citigroup Inc. grew its stake in shares of TreeHouse Foods by 120.6% in the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock valued at $105,000 after buying an additional 703 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of TreeHouse Foods in the fourth quarter valued at $197,000. ZWJ Investment Counsel Inc. bought a new position in shares of TreeHouse Foods in the third quarter valued at $212,000. Zions Bancorporation bought a new position in shares of TreeHouse Foods in the third quarter valued at $212,000. Finally, Sterling Capital Management LLC grew its stake in shares of TreeHouse Foods by 0.5% in the second quarter. Sterling Capital Management LLC now owns 3,047 shares of the company’s stock valued at $249,000 after buying an additional 14 shares in the last quarter.
Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Monday. Credit Suisse Group set a $38.00 target price on shares of TreeHouse Foods and gave the company a “hold” rating in a research note on Saturday. SunTrust Banks reissued a “hold” rating and issued a $35.00 target price on shares of TreeHouse Foods in a research note on Friday, February 16th. Stifel Nicolaus decreased their target price on shares of TreeHouse Foods from $44.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Finally, Jefferies Group reissued a “buy” rating and issued a $68.00 target price on shares of TreeHouse Foods in a research note on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $53.51.
TreeHouse Foods Inc. (THS) opened at $40.38 on Wednesday. The company has a current ratio of 2.48, a quick ratio of 0.94 and a debt-to-equity ratio of 1.12. TreeHouse Foods Inc. has a 52-week low of $36.35 and a 52-week high of $90.42. The company has a market cap of $2,162.82, a price-to-earnings ratio of -8.06, a price-to-earnings-growth ratio of 2.75 and a beta of 0.42.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.09. TreeHouse Foods had a negative net margin of 4.54% and a positive return on equity of 6.49%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. equities analysts predict that TreeHouse Foods Inc. will post 2.11 EPS for the current year.
TreeHouse Foods announced that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
About TreeHouse Foods
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.
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