National Investment Services Inc. WI Buys New Stake in TreeHouse Foods Inc. (THS)
National Investment Services Inc. WI acquired a new stake in shares of TreeHouse Foods Inc. (NYSE:THS) during the first quarter, Holdings Channel reports. The fund acquired 28,354 shares of the company’s stock, valued at approximately $2,400,000. TreeHouse Foods accounts for 2.4% of National Investment Services Inc. WI’s portfolio, making the stock its 17th largest position.
A number of other large investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of TreeHouse Foods by 14.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,375,643 shares of the company’s stock valued at $555,892,000 after buying an additional 799,933 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of TreeHouse Foods by 101.1% in the third quarter. Wells Fargo & Company MN now owns 4,172,507 shares of the company’s stock valued at $363,800,000 after buying an additional 2,097,880 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of TreeHouse Foods by 34.0% in the fourth quarter. Champlain Investment Partners LLC now owns 2,536,840 shares of the company’s stock valued at $183,134,000 after buying an additional 643,510 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of TreeHouse Foods by 4.7% in the third quarter. BlackRock Fund Advisors now owns 2,047,880 shares of the company’s stock valued at $178,555,000 after buying an additional 91,404 shares during the last quarter. Finally, Wedgewood Partners Inc. acquired a new stake in shares of TreeHouse Foods during the third quarter valued at $151,701,000.
Shares of TreeHouse Foods Inc. (NYSE:THS) traded down 0.85% on Tuesday, reaching $89.18. 410,438 shares of the company’s stock were exchanged. TreeHouse Foods Inc. has a one year low of $62.64 and a one year high of $104.53. The firm has a 50 day moving average of $85.73 and a 200 day moving average of $79.00. The firm’s market capitalization is $5.07 billion.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, February 9th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TreeHouse Foods had a negative net margin of 3.76% and a positive return on equity of 5.89%. The company earned $1.78 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 105.3% on a year-over-year basis. On average, equities research analysts predict that TreeHouse Foods Inc. will post $3.64 EPS for the current year.
Several equities research analysts have recently weighed in on THS shares. Zacks Investment Research raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, January 17th. BMO Capital Markets raised shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Monday, January 30th. They noted that the move was a valuation call. Stifel Nicolaus upped their price target on shares of TreeHouse Foods from $83.00 to $93.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $95.00 price target on shares of TreeHouse Foods in a research report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. TreeHouse Foods currently has a consensus rating of “Buy” and an average target price of $94.29.
In other news, Director Frank Joseph Oconnell sold 8,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $85.00, for a total transaction of $697,000.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $935,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Dennis F. Riordan sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $84.50, for a total transaction of $1,267,500.00. Following the sale, the president now owns 72,767 shares of the company’s stock, valued at approximately $6,148,811.50. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
About TreeHouse Foods
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, soup and infant feeding, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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