Oppenheimer Asset Management Inc. Takes $218,000 Position in TreeHouse Foods, Inc. (NYSE:THS)

Oppenheimer Asset Management Inc. purchased a new stake in TreeHouse Foods, Inc. (NYSE:THS) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 5,194 shares of the company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in TreeHouse Foods in the second quarter valued at approximately $37,000. Signaturefd LLC lifted its position in TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after acquiring an additional 296 shares during the period. Innealta Capital LLC purchased a new position in shares of TreeHouse Foods in the 2nd quarter valued at approximately $44,000. GAMMA Investing LLC grew its stake in shares of TreeHouse Foods by 304.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after purchasing an additional 972 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of TreeHouse Foods in the second quarter valued at approximately $67,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Kristy N. Waterman sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.34, for a total value of $127,020.00. Following the sale, the executive vice president now directly owns 20,784 shares in the company, valued at $879,994.56. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company’s stock.

TreeHouse Foods Trading Up 2.1 %

Shares of THS opened at $34.24 on Thursday. TreeHouse Foods, Inc. has a twelve month low of $28.04 and a twelve month high of $43.84. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.75 billion, a P/E ratio of -72.85 and a beta of 0.23. The firm’s 50-day moving average is $39.03 and its two-hundred day moving average is $38.13.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. On average, research analysts predict that TreeHouse Foods, Inc. will post 2.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Mizuho boosted their price objective on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Stifel Nicolaus dropped their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Barclays reduced their price target on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.20.

TreeHouse Foods 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.