State of Alaska Department of Revenue Sells 1,447 Shares of TreeHouse Foods, Inc. (NYSE:THS)

State of Alaska Department of Revenue reduced its stake in TreeHouse Foods, Inc. (NYSE:THS) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,656 shares of the company’s stock after selling 1,447 shares during the quarter. State of Alaska Department of Revenue owned 0.05% of TreeHouse Foods worth $1,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in shares of TreeHouse Foods by 52.6% during the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after buying an additional 327,448 shares during the period. New South Capital Management Inc. boosted its position in TreeHouse Foods by 29.0% during the 1st quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock worth $43,630,000 after acquiring an additional 251,886 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of TreeHouse Foods by 38.1% during the 2nd quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock worth $885,000 after acquiring an additional 6,666 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of TreeHouse Foods by 7.3% in the second quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock valued at $17,549,000 after purchasing an additional 32,600 shares during the last quarter. Finally, Shapiro Capital Management LLC lifted its position in shares of TreeHouse Foods by 22.0% in the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after purchasing an additional 286,770 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

TreeHouse Foods Trading Up 1.9 %

TreeHouse Foods stock opened at $37.52 on Tuesday. The stock has a 50-day simple moving average of $40.65 and a 200 day simple moving average of $38.31. The stock has a market capitalization of $1.97 billion, a P/E ratio of -138.96 and a beta of 0.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.44. TreeHouse Foods, Inc. has a 52 week low of $33.28 and a 52 week high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.16. TreeHouse Foods had a negative net margin of 0.41% and a positive return on equity of 5.42%. The company had revenue of $788.50 million for the quarter, compared to analyst estimates of $784.10 million. During the same period in the prior year, the firm earned $0.42 earnings per share. The company’s revenue was down 1.9% on a year-over-year basis. Analysts expect that TreeHouse Foods, Inc. will post 2.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on THS shares. Barclays lifted their price target on shares of TreeHouse Foods from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Stifel Nicolaus raised their price target on TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, Mizuho boosted their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.40.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.