Shell Asset Management Co. Has $296,000 Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Shell Asset Management Co. trimmed its position in TreeHouse Foods, Inc. (NYSE:THS – Get Rating) by 17.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,991 shares of the company’s stock after selling 1,259 shares during the quarter. Shell Asset Management Co.’s holdings in TreeHouse Foods were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of THS. PenderFund Capital Management Ltd. bought a new stake in shares of TreeHouse Foods in the 1st quarter valued at about $28,000. Point72 Hong Kong Ltd bought a new stake in shares of TreeHouse Foods in the 1st quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of TreeHouse Foods by 41.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 761 shares of the company’s stock valued at $32,000 after purchasing an additional 222 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of TreeHouse Foods by 80.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,027 shares of the company’s stock valued at $86,000 after purchasing an additional 905 shares during the period. Finally, Eagle Bay Advisors LLC raised its holdings in shares of TreeHouse Foods by 22.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,806 shares of the company’s stock valued at $89,000 after purchasing an additional 329 shares during the period.

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Wall Street Analyst Weigh In

Several research firms have weighed in on THS. Stifel Nicolaus began coverage on shares of TreeHouse Foods in a report on Thursday, April 13th. They issued a “hold” rating and a $53.00 price target on the stock. StockNews.com started coverage on shares of TreeHouse Foods in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, UBS Group started coverage on shares of TreeHouse Foods in a research report on Sunday, March 19th. They set a “buy” rating and a $60.00 target price on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, TreeHouse Foods has an average rating of “Moderate Buy” and an average price target of $55.00.

Insider Activity at TreeHouse Foods

In other TreeHouse Foods news, Director Ann Sardini sold 5,083 shares of TreeHouse Foods stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $49.89, for a total value of $253,590.87. Following the sale, the director now owns 1,800 shares of the company’s stock, valued at $89,802. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.93% of the stock is owned by insiders.

TreeHouse Foods Stock Down 1.1 %

NYSE:THS opened at $53.69 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.27 and a current ratio of 0.98. The firm has a fifty day simple moving average of $50.40 and a two-hundred day simple moving average of $48.96. TreeHouse Foods, Inc. has a 12 month low of $31.12 and a 12 month high of $55.30.

TreeHouse Foods (NYSE:THS – Get Rating) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.28. The firm had revenue of $894.80 million during the quarter, compared to analysts’ expectations of $850.83 million. TreeHouse Foods had a negative net margin of 3.48% and a positive return on equity of 3.13%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned ($0.15) earnings per share. As a group, sell-side analysts expect that TreeHouse Foods, Inc. will post 2.49 earnings per share for the current year.

TreeHouse Foods Company Profile

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TreeHouse Foods, Inc engages is the manufacture and distribution of private label packaged foods and beverages in North America. Its product portfolio includes snacking, beverages, and meal preparation products, available in shelf stable, refrigerated, frozen, and fresh formats. The firm operates through the following segments: Meal Preparation, and Snacking and Beverages.

Further Reading

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