A number of other research firms have also weighed in on THS. Zacks Investment Research lowered Treehouse Foods from a hold rating to a sell rating in a research note on Thursday, July 27th. BMO Capital Markets reissued a buy rating on shares of Treehouse Foods in a research note on Tuesday, July 18th. Barclays PLC lowered their price objective on Treehouse Foods from $90.00 to $84.00 and set an overweight rating on the stock in a research note on Friday, August 4th. Vertical Group lowered Treehouse Foods from a buy rating to a hold rating and lowered their price objective for the stock from $100.61 to $62.64 in a research note on Friday, August 4th. Finally, Vertical Research lowered Treehouse Foods from a buy rating to a hold rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Treehouse Foods currently has a consensus rating of Hold and a consensus price target of $79.15.
Treehouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share.
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In other news, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $66.32, for a total value of $761,353.60. Following the transaction, the chief executive officer now owns 70,647 shares of the company’s stock, valued at approximately $4,685,309.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.50% of the company’s stock.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Treehouse Foods by 0.4% in the 2nd quarter. BlackRock Inc. now owns 4,668,862 shares of the company’s stock valued at $381,400,000 after buying an additional 16,592 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Treehouse Foods by 13.5% in the 2nd quarter. Wells Fargo & Company MN now owns 4,576,600 shares of the company’s stock valued at $373,861,000 after buying an additional 543,475 shares during the period. Vanguard Group Inc. raised its holdings in shares of Treehouse Foods by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 4,574,766 shares of the company’s stock valued at $373,713,000 after buying an additional 56,356 shares during the period. FMR LLC raised its holdings in shares of Treehouse Foods by 2.3% in the 2nd quarter. FMR LLC now owns 3,866,371 shares of the company’s stock valued at $315,843,000 after buying an additional 87,098 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Treehouse Foods by 4.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,691,824 shares of the company’s stock valued at $301,585,000 after buying an additional 161,421 shares during the period.
Treehouse Foods Company 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.
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