Prudential Financial Inc. lowered its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 40,077 shares of the company’s stock after selling 1,256 shares during the period. Prudential Financial Inc. owned about 0.07% of TreeHouse Foods worth $4,114,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in THS. DIAM Co. Ltd. bought a new stake in shares of TreeHouse Foods during the second quarter worth approximately $195,000. Independence Advisors LLC bought a new stake in shares of TreeHouse Foods during the second quarter worth approximately $205,000. M&T Bank Corp bought a new stake in shares of TreeHouse Foods during the second quarter worth approximately $222,000. Symons Capital Management Inc. boosted its stake in TreeHouse Foods by 0.6% in the second quarter. Symons Capital Management Inc. now owns 2,405 shares of the company’s stock valued at $247,000 after buying an additional 15 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in TreeHouse Foods during the second quarter valued at about $239,000.
Shares of TreeHouse Foods Inc. (NYSE:THS) opened at 87.12 on Tuesday. The stock’s 50 day moving average price is $88.81 and its 200-day moving average price is $93.66. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 55.49 and a beta of 0.40. TreeHouse Foods Inc. has a 12 month low of $66.30 and a 12 month high of $104.53.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.54 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.54. The business earned $1.50 billion during the quarter, compared to analyst estimates of $1.58 billion. TreeHouse Foods had a net margin of 1.74% and a return on equity of 6.18%. The firm’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. Equities analysts forecast that TreeHouse Foods Inc. will post $3.07 earnings per share for the current fiscal year.
THS has been the topic of several analyst reports. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “strong-buy” rating and set a $119.00 price objective on the stock in a report on Monday, July 25th. Jefferies Group restated a “buy” rating on shares of TreeHouse Foods in a report on Monday, August 1st. Susquehanna restated a “buy” rating and set a $109.00 price objective on shares of TreeHouse Foods in a report on Monday, June 27th. JPMorgan Chase & Co. set a $119.00 price objective on TreeHouse Foods and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $98.00 target price on shares of TreeHouse Foods in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $107.71.
In other news, VP Thomas Emmet Oneill III sold 6,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $97.00, for a total transaction of $582,000.00. Following the completion of the transaction, the vice president now owns 145,138 shares of the company’s stock, valued at $14,078,386. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.40% of the company’s stock.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturing company. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. It manufactures a range of shelf stable, refrigerated and fresh products. Its product categories include beverages, salad dressings, snacks, beverage enhancers, pickles, Mexican and other sauces, soup and infant feeding, cereals, dry dinners, aseptic products, jams and other products.