OppenheimerFunds Inc. Decreases Holdings in TreeHouse Foods Inc. (THS)

OppenheimerFunds Inc. cut its stake in shares of TreeHouse Foods Inc. (NYSE:THS) by 17.6% in the second quarter, Holdings Channel reports. The institutional investor owned 37,292 shares of the company’s stock after selling 7,970 shares during the quarter. OppenheimerFunds Inc.’s holdings in TreeHouse Foods were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Huntington National Bank raised its stake in TreeHouse Foods by 50.0% during the 2nd quarter. Huntington National Bank now owns 3,000 shares of the company’s stock valued at $158,000 after buying an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in TreeHouse Foods by 62.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock valued at $204,000 after buying an additional 1,506 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in TreeHouse Foods by 3.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 48,227 shares of the company’s stock valued at $2,532,000 after buying an additional 1,743 shares during the last quarter. Diversified Trust Co raised its stake in TreeHouse Foods by 22.7% during the 1st quarter. Diversified Trust Co now owns 10,445 shares of the company’s stock valued at $400,000 after buying an additional 1,930 shares during the last quarter. Finally, Swiss National Bank raised its stake in TreeHouse Foods by 2.3% during the 1st quarter. Swiss National Bank now owns 99,551 shares of the company’s stock valued at $3,810,000 after buying an additional 2,200 shares during the last quarter.

Shares of THS stock opened at $52.05 on Monday. TreeHouse Foods Inc. has a 1 year low of $36.35 and a 1 year high of $68.90. The company has a quick ratio of 0.69, a current ratio of 2.02 and a debt-to-equity ratio of 1.09. The firm has a market cap of $2.93 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 4.93 and a beta of 0.45.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. TreeHouse Foods had a negative net margin of 5.41% and a positive return on equity of 5.54%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. sell-side analysts forecast that TreeHouse Foods Inc. will post 2.14 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. ValuEngine lowered shares of TreeHouse Foods from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. upgraded shares of TreeHouse Foods from an “underweight” rating to a “neutral” rating and set a $39.00 target price for the company in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Tuesday, August 14th. Susquehanna Bancshares boosted their target price on shares of TreeHouse Foods from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Stifel Nicolaus boosted their target price on shares of TreeHouse Foods from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $48.92.

TreeHouse Foods 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.

Further Reading: What are the reasons investors use put options?

Want to see what other hedge funds are holding THS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TreeHouse Foods Inc. (NYSE:THS).

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

Receive News & Ratings for TreeHouse Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TreeHouse Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply