TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 6.2% in the third quarter, HoldingsChannel.com reports. The firm owned 22,600 shares of the company’s stock after selling 1,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in TreeHouse Foods were worth $949,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THS. Capital Research Global Investors boosted its stake 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 buying an additional 327,448 shares during the period. Shapiro Capital Management LLC lifted its holdings in shares of TreeHouse Foods by 22.0% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after acquiring an additional 286,770 shares during the last quarter. New South Capital Management Inc. boosted its position in shares of 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 purchasing an additional 251,886 shares during the period. Harbor Capital Advisors Inc. increased its holdings in TreeHouse Foods by 382.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 181,300 shares of the company’s stock valued at $6,643,000 after purchasing an additional 143,739 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in TreeHouse Foods by 16.5% in 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 during the period. 99.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction 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 approximately $879,994.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $36.82 on Monday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.44 and a quick ratio of 0.52. The company has a market cap of $1.94 billion, a price-to-earnings ratio of -136.37 and a beta of 0.23. The stock’s 50-day moving average is $40.65 and its two-hundred day moving average is $38.29. TreeHouse Foods, Inc. has a 1-year low of $33.28 and a 1-year high of $43.84.

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

Analyst Upgrades and Downgrades

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

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.