Amalgamated Bank raised its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 28.9% during the second quarter, Holdings Channel reports. The institutional investor owned 8,141 shares of the company’s stock after buying an additional 1,826 shares during the period. Amalgamated Bank’s holdings in TreeHouse Foods were worth $796,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. FMR LLC increased its stake in TreeHouse Foods by 5.5% in the second quarter. FMR LLC now owns 4,451,066 shares of the company’s stock worth $456,902,000 after buying an additional 232,226 shares in the last quarter. Vanguard Group Inc. increased its stake in TreeHouse Foods by 2.4% in the second quarter. Vanguard Group Inc. now owns 4,088,281 shares of the company’s stock worth $419,661,000 after buying an additional 97,713 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in TreeHouse Foods by 2.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,641,827 shares of the company’s stock worth $168,534,000 after buying an additional 46,466 shares in the last quarter. Royal Bank of Canada increased its stake in TreeHouse Foods by 20.6% in the first quarter. Royal Bank of Canada now owns 1,076,010 shares of the company’s stock worth $93,343,000 after buying an additional 183,695 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in TreeHouse Foods by 1.3% in the second quarter. Fisher Asset Management LLC now owns 687,318 shares of the company’s stock worth $71,722,000 after buying an additional 9,133 shares in the last quarter.
Shares of TreeHouse Foods Inc. (NYSE:THS) traded down 3.22% during trading on Friday, reaching $63.34. 1,994,264 shares of the company’s stock traded hands. The company’s 50-day moving average is $83.47 and its 200 day moving average is $92.53. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 38.79 and a beta of 0.50. TreeHouse Foods Inc. has a 52-week low of $63.26 and a 52-week high of $104.53.
TreeHouse Foods (NYSE:THS) last posted its earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.78 by $0.08. The business earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.64 billion. TreeHouse Foods had a return on equity of 5.70% and a net margin of 1.65%. TreeHouse Foods’s revenue for the quarter was up 98.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Equities analysts forecast that TreeHouse Foods Inc. will post $2.82 EPS for the current year.
A number of analysts have recently weighed in on the stock. Bank of America Corp. downgraded shares of TreeHouse Foods from a “buy” rating to an “underperform” rating in a report on Friday, November 4th. Jefferies Group reaffirmed a “buy” rating on shares of TreeHouse Foods in a report on Monday, August 1st. JPMorgan Chase & Co. set a $119.00 price target on shares of TreeHouse Foods and gave the stock a “buy” rating in a report on Friday, August 5th. Stephens downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 3rd. Finally, Susquehanna reaffirmed a “buy” rating on shares of TreeHouse Foods in a report on Sunday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $107.71.
In other news, VP Thomas Emmet Oneill III sold 6,000 shares of TreeHouse Foods stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $97.00, for a total value of $582,000.00. Following the completion of the transaction, the vice president now owns 145,138 shares in the company, valued at $14,078,386. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.40% of the stock is currently owned by insiders.
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.