Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,283 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TreeHouse Foods, Inc. (NYSE:THS) by 12.8% in the second quarter, Holdings Channel reports. The fund owned 11,292 shares of the company’s stock after buying an additional 1,283 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TreeHouse Foods were worth $414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in TreeHouse Foods by 304.7% during the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after acquiring an additional 972 shares during the period. Central Pacific Bank Trust Division bought a new stake in TreeHouse Foods during the first quarter valued at about $48,000. TFO Wealth Partners LLC boosted its holdings in TreeHouse Foods by 78,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock valued at $98,000 after acquiring an additional 2,358 shares during the period. Quadrant Capital Group LLC boosted its holdings in TreeHouse Foods by 62.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock valued at $102,000 after acquiring an additional 947 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of TreeHouse Foods by 33.6% in the first quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock valued at $151,000 after buying an additional 975 shares during the period. 99.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

THS has been the subject of several research reports. Mizuho increased their target price 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. Barclays increased their target price 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 shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Stifel Nicolaus increased their target price 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. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.00.

TreeHouse Foods Stock Down 0.5 %

Shares of THS opened at $41.93 on Friday. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 91.15 and a beta of 0.22. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 12 month low of $33.28 and a 12 month high of $48.49. The company has a 50-day moving average price of $38.96 and a two-hundred day moving average price of $37.35.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. The firm had revenue of $788.50 million during the quarter, compared to analysts’ expectations of $784.10 million. TreeHouse Foods had a negative net margin of 0.41% and a positive return on equity of 5.42%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. Equities analysts predict that TreeHouse Foods, Inc. will post 2.31 EPS for the current fiscal year.

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s 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 completion of the sale, the executive vice president now owns 20,784 shares of the company’s stock, valued at $879,994.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company 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.