Kelly Lawrence W & Associates Inc. CA Has $11.93 Million Position in Treehouse Foods, Inc. (NYSE:THS)
Kelly Lawrence W & Associates Inc. CA increased its position in shares of Treehouse Foods, Inc. (NYSE:THS) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 146,060 shares of the company’s stock after buying an additional 2,660 shares during the period. Treehouse Foods accounts for approximately 2.4% of Kelly Lawrence W & Associates Inc. CA’s investment portfolio, making the stock its 21st largest position. Kelly Lawrence W & Associates Inc. CA owned about 0.26% of Treehouse Foods worth $11,932,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Creative Planning increased its position in shares of Treehouse Foods by 28.8% in the second quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after buying an additional 308 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Treehouse Foods during the first quarter valued at $126,000. Israel Discount Bank of New York acquired a new position in shares of Treehouse Foods during the first quarter valued at $140,000. State of Alaska Department of Revenue increased its position in shares of Treehouse Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock valued at $179,000 after buying an additional 96 shares during the period. Finally, Investment Counselors of Maryland LLC acquired a new position in shares of Treehouse Foods during the second quarter valued at $193,000.
Treehouse Foods, Inc. (THS) opened at 74.64 on Wednesday. The firm’s market cap is $4.25 billion. Treehouse Foods, Inc. has a 12-month low of $62.64 and a 12-month high of $100.51. The company has a 50-day moving average price of $81.93 and a 200-day moving average price of $81.83.
Treehouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. On average, equities analysts predict that Treehouse Foods, Inc. will post $3.30 earnings per share for the current year.
Several research analysts recently weighed in on THS shares. Wells Fargo & Company downgraded Treehouse Foods from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. Zacks Investment Research downgraded Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th. BidaskClub downgraded Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. J P Morgan Chase & Co downgraded Treehouse Foods from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $90.00 to $76.00 in a research note on Friday, August 4th. Finally, BMO Capital Markets dropped their target price on Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Treehouse Foods has an average rating of “Hold” and a consensus price target of $86.40.
In related news, SVP Erik Thomas Kahler sold 5,700 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $79.34, for a total value of $452,238.00. Following the completion of the sale, the senior vice president now owns 28,857 shares in the company, valued at $2,289,514.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Terdema L. Ussery II sold 8,200 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $76.55, for a total transaction of $627,710.00. Following the completion of the sale, the director now owns 10,610 shares of the company’s stock, valued at approximately $812,195.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,330 shares of company stock valued at $2,183,843. 3.50% 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, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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