Public Employees Retirement Association of Colorado Lowers Stake in TreeHouse Foods, Inc. (NYSE:THS)

Public Employees Retirement Association of Colorado lessened its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,692 shares of the company’s stock after selling 346 shares during the period. Public Employees Retirement Association of Colorado’s holdings in TreeHouse Foods were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. New South Capital Management Inc. increased its position in shares of TreeHouse Foods by 22.4% in the second quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock valued at $50,217,000 after buying an additional 250,399 shares in the last quarter. Capital Research Global Investors raised its position in 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 acquiring an additional 327,448 shares during the period. William Blair Investment Management LLC lifted its holdings in TreeHouse Foods by 16.5% during the first quarter. William Blair Investment Management LLC now owns 913,087 shares of the company’s stock valued at $35,565,000 after purchasing an additional 129,323 shares in the last quarter. Leeward Investments LLC MA grew its position in shares of TreeHouse Foods by 1.2% in the second quarter. Leeward Investments LLC MA now owns 685,667 shares of the company’s stock valued at $25,123,000 after purchasing an additional 7,879 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of TreeHouse Foods by 3.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 649,088 shares of the company’s stock worth $26,905,000 after purchasing an additional 23,212 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock opened at $42.04 on Friday. The business’s 50 day moving average price is $40.28 and its 200 day moving average price is $37.93. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 91.39 and a beta of 0.22. 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 one year low of $33.28 and a one year high of $44.27.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.13 by $0.16. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The business had revenue of $788.50 million for the quarter, compared to analyst estimates of $784.10 million. During the same quarter in the previous year, the firm earned $0.42 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, research analysts predict that TreeHouse Foods, Inc. will post 2.34 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on THS shares. Stifel Nicolaus raised their price target on shares of TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Barclays lifted their price target on TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Mizuho lifted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods has an average rating of “Hold” and a consensus price target of $40.00.

Insider Activity

In other news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the sale, the executive vice president now owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.90% of the company’s stock.

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.