TreeHouse Foods Inc. (THS) Holdings Reduced by Dean Investment Associates LLC

Dean Investment Associates LLC trimmed its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 50.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 54,750 shares of the company’s stock after selling 56,060 shares during the quarter. Dean Investment Associates LLC’s holdings in TreeHouse Foods were worth $3,534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in TreeHouse Foods by 287.2% during the first quarter. Quadrant Capital Group LLC now owns 573 shares of the company’s stock worth $36,000 after buying an additional 425 shares during the period. FNY Investment Advisers LLC purchased a new position in TreeHouse Foods during the fourth quarter worth $37,000. Bessemer Group Inc. boosted its stake in TreeHouse Foods by 34.8% during the fourth quarter. Bessemer Group Inc. now owns 778 shares of the company’s stock worth $39,000 after buying an additional 201 shares during the period. Investors Research Corp purchased a new position in TreeHouse Foods during the first quarter worth $77,000. Finally, BNP Paribas Arbitrage SA boosted its stake in TreeHouse Foods by 82.6% during the first quarter. BNP Paribas Arbitrage SA now owns 2,443 shares of the company’s stock worth $158,000 after buying an additional 1,105 shares during the period.

NYSE:THS opened at $56.70 on Thursday. TreeHouse Foods Inc. has a twelve month low of $41.18 and a twelve month high of $67.88. The firm has a market cap of $3.28 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.54 and a beta of 0.56. The company has a quick ratio of 0.62, a current ratio of 1.64 and a debt-to-equity ratio of 1.17.

TreeHouse Foods (NYSE:THS) last released its earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 0.97%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that TreeHouse Foods Inc. will post 2.35 earnings per share for the current year.

Several research analysts have commented on THS shares. Bank of America reaffirmed a “neutral” rating and set a $58.00 price objective (up from $55.00) on shares of TreeHouse Foods in a research note on Wednesday, January 23rd. BMO Capital Markets lifted their price objective on shares of TreeHouse Foods to $55.00 and gave the stock a “market perform” rating in a research note on Friday, February 15th. Credit Suisse Group set a $55.00 target price on TreeHouse Foods and gave the stock a “hold” rating in a research report on Friday, February 15th. SunTrust Banks upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and lifted their target price for the stock from $55.00 to $70.00 in a research report on Monday, March 25th. They noted that the move was a valuation call. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $72.00 target price on shares of TreeHouse Foods in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $56.85.

In related news, COO Clifford Braun sold 2,103 shares of TreeHouse Foods stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $57.77, for a total value of $121,490.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Wilkins sold 1,888 shares of TreeHouse Foods stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $58.25, for a total value of $109,976.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,609 shares of company stock valued at $836,161. Corporate insiders own 1.50% of the company’s stock.

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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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