Treehouse Foods, Inc. (THS) Position Lowered by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. reduced its position in shares of Treehouse Foods, Inc. (NYSE:THS) by 30.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,191 shares of the company’s stock after selling 25,335 shares during the period. Pictet Asset Management Ltd.’s holdings in Treehouse Foods were worth $4,491,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning raised its stake 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 during the last quarter. FNY Partners Fund LP bought a new stake in shares of Treehouse Foods during the first quarter worth approximately $126,000. Israel Discount Bank of New York bought a new stake in shares of Treehouse Foods during the first quarter worth approximately $140,000. State of Alaska Department of Revenue raised its stake 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 worth $179,000 after buying an additional 96 shares in the last quarter. Finally, Investment Counselors of Maryland LLC bought a new stake in shares of Treehouse Foods during the second quarter worth approximately $193,000.
Treehouse Foods, Inc. (THS) opened at 70.24 on Friday. The stock’s market cap is $4.02 billion. The company has a 50-day moving average price of $79.18 and a 200 day moving average price of $81.64. Treehouse Foods, Inc. has a 1-year low of $62.64 and a 1-year high of $97.62.
Treehouse Foods (NYSE:THS) last released its earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the company earned $0.54 EPS. Treehouse Foods’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts expect that Treehouse Foods, Inc. will post $3.19 earnings per share for the current fiscal year.
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THS has been the subject of a number of recent research reports. BidaskClub raised Treehouse Foods from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. BMO Capital Markets reissued a “buy” rating and set a $90.00 price objective on shares of Treehouse Foods in a report on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and set a $100.00 price objective on shares of Treehouse Foods in a report on Monday, May 15th. Stifel Nicolaus reissued a “buy” rating and set a $93.00 price objective on shares of Treehouse Foods in a report on Wednesday, April 26th. Finally, Zacks Investment Research raised Treehouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Treehouse Foods has a consensus rating of “Hold” and an average price target of $85.29.
In related news, SVP Erik Thomas Kahler sold 5,700 shares of Treehouse Foods stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $79.34, for a total transaction of $452,238.00. Following the transaction, the senior vice president now owns 28,857 shares in the company, valued at approximately $2,289,514.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is currently 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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