Panagora Asset Management Inc. Has $14 Million Holdings in TreeHouse Foods Inc. (THS)

Panagora Asset Management Inc. boosted its position in TreeHouse Foods Inc. (NYSE:THS) by 5,768.2% in the 3rd quarter, Holdings Channel reports. The firm owned 292,473 shares of the company’s stock after buying an additional 287,489 shares during the quarter. Panagora Asset Management Inc.’s holdings in TreeHouse Foods were worth $13,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC bought a new stake in TreeHouse Foods in the third quarter worth about $3,383,000. Oregon Public Employees Retirement Fund bought a new stake in TreeHouse Foods in the second quarter worth about $1,155,000. PNC Financial Services Group Inc. lifted its stake in TreeHouse Foods by 62.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock worth $204,000 after purchasing an additional 1,506 shares during the last quarter. Brown Advisory Inc. bought a new stake in TreeHouse Foods in the second quarter worth about $216,000. Finally, Canada Pension Plan Investment Board lifted its stake in TreeHouse Foods by 255.3% in the second quarter. Canada Pension Plan Investment Board now owns 143,627 shares of the company’s stock worth $7,542,000 after purchasing an additional 103,200 shares during the last quarter.

TreeHouse Foods stock opened at $52.60 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. TreeHouse Foods Inc. has a fifty-two week low of $36.35 and a fifty-two week high of $55.60. The company has a market cap of $2.94 billion, a PE ratio of 18.72, a P/E/G ratio of 4.47 and a beta of 0.41.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. TreeHouse Foods had a negative net margin of 5.93% and a positive return on equity of 5.61%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s revenue was down 10.0% on a year-over-year basis. On average, sell-side analysts predict that TreeHouse Foods Inc. will post 2.13 EPS for the current year.

In other news, VP Thomas Emmet Oneill III sold 3,987 shares of TreeHouse Foods stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $48.00, for a total transaction of $191,376.00. Following the completion of the sale, the vice president now owns 131,720 shares of the company’s stock, valued at $6,322,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.

Several analysts have issued reports on THS shares. Zacks Investment Research downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. ValuEngine raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. Barclays reissued a “hold” rating and issued a $53.00 price objective on shares of TreeHouse Foods in a research note on Sunday, August 5th. UBS Group set a $47.00 price objective on shares of TreeHouse Foods and gave the stock a “hold” rating in a research note on Friday, November 2nd. Finally, Wells Fargo & Co decreased their price objective on shares of TreeHouse Foods from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $48.82.

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

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