Bank of Montreal Can Acquires 2,675 Shares of TreeHouse Foods Inc. (THS)

Bank of Montreal Can increased its holdings in shares of TreeHouse Foods Inc. (NYSE:THS) by 21.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 14,981 shares of the company’s stock after purchasing an additional 2,675 shares during the period. Bank of Montreal Can’s holdings in TreeHouse Foods were worth $967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in THS. Hudson Executive Capital LP purchased a new stake in TreeHouse Foods during the 4th quarter worth approximately $125,237,000. Norges Bank purchased a new stake in TreeHouse Foods during the 4th quarter worth approximately $46,657,000. Thrivent Financial for Lutherans increased its stake in TreeHouse Foods by 6,304.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 870,168 shares of the company’s stock worth $44,127,000 after buying an additional 856,582 shares during the period. Dalton Greiner Hartman Maher & Co. purchased a new stake in TreeHouse Foods during the 1st quarter worth approximately $11,763,000. Finally, Millennium Management LLC increased its stake in TreeHouse Foods by 212.1% during the 4th quarter. Millennium Management LLC now owns 225,184 shares of the company’s stock worth $11,419,000 after buying an additional 153,042 shares during the period.

In related news, Director Gary Dale Smith bought 3,000 shares of the stock in a transaction dated Monday, May 6th. The stock was acquired at an average price of $56.51 per share, for a total transaction of $169,530.00. Following the acquisition, the director now owns 2,250 shares in the company, valued at approximately $127,147.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Christopher Wilkins sold 1,888 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $58.25, for a total transaction of $109,976.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,609 shares of company stock valued at $836,161. Company insiders own 1.50% of the company’s stock.

Shares of NYSE:THS opened at $55.61 on Friday. TreeHouse Foods Inc. has a 52 week low of $41.18 and a 52 week high of $67.88. The company has a current ratio of 1.64, a quick ratio of 0.62 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 2.47 and a beta of 0.56.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. TreeHouse Foods had a negative net margin of 0.97% and a positive return on equity of 5.61%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $0.18 EPS. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. On average, research analysts forecast that TreeHouse Foods Inc. will post 2.35 earnings per share for the current year.

Several equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Jefferies Financial Group reissued a “buy” rating and issued a $72.00 price objective on shares of TreeHouse Foods in a research report on Wednesday, March 27th. BMO Capital Markets increased their price objective on shares of TreeHouse Foods to $55.00 and gave the company a “market perform” rating in a research report on Friday, February 15th. Credit Suisse Group set a $55.00 price objective on shares of TreeHouse Foods and gave the company a “hold” rating in a research report on Friday, February 15th. Finally, SunTrust Banks raised shares of TreeHouse Foods from a “hold” rating to a “buy” rating and increased their price objective for the company from $55.00 to $70.00 in a research report on Monday, March 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $56.85.

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About TreeHouse Foods

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

Further Reading: Calculating net profit and net profit margin ratio

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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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