Following the completion of the sale, the director now directly owns 11,000 shares of the company's stock, valued at $935,000. Jefferies Group also issued estimates for Treehouse Foods' Q4 2017 earnings at $0.94 EPS, FY2017 earnings at $2.73 EPS, Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $1.01 EPS, FY2018 earnings at $2.69 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.66 EPS, Q3 2019 earnings at $0.82 EPS, FY2019 earnings at $3.38 EPS, FY2020 earnings at $4.10 EPS and FY2021 earnings at $4.86 EPS.
Other hedge funds have also made changes to their positions in the company. World Asset Management Inc lifted its position in shares of Treehouse Foods by 2.3% in the 2nd quarter. Sterling Capital Management LLC now owns 3,047 shares of the company's stock worth $249,000 after purchasing an additional 14 shares during the period.
Cambiar Investors Llc decreased Verifone Sys Inc (NYSE:PAY) stake by 195,170 shares to 1.39M valued at $25.21M in 2017Q2. Creative Planning now owns 1,379 shares of the company's stock worth $113,000 after acquiring an additional 308 shares during the period. Wells Fargo & Company MN lifted its stake in Treehouse Foods by 12.2% during the 3rd quarter. Diversified Trust Co now owns 8,055 shares of the company's stock worth $658,000 after purchasing an additional 50 shares during the period. Insiders own 3.40% of the company's stock. TreeHouse Foods's revenue was up 105.3% on a year-over-year basis. Following the completion of the sale, the chief executive officer now directly owns 80,747 shares of the company's stock, valued at approximately $3,450,319.31. The stock has advanced 6.46% to a low over the previous 12 months and showed declining move -52.60% to a high over the same period.
ILLEGAL ACTIVITY WARNING: This piece of content was posted by Week Herald and is the sole property of of Week Herald. If you are viewing this news story on another publication, it was stolen and reposted in violation of USA & worldwide copyright & trademark legislation. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2017/11/18/treehouse-foods-inc-ths-position-trimmed-by-comerica-bank.html.
TRADEMARK VIOLATION NOTICE: "Treehouse Foods, Inc". (THS) traded up $0.80 during midday trading on Friday, reaching $43.66. 1,433,293 shares of the company traded hands, compared to its average volume of 789,254.
TreeHouse Foods, Inc.to Webcast Investor Day. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a market cap of $2,460.00, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 2.14 and a beta of 0.63. THS exchanged 1.58 million shares in recent session versus to the average volume of 1.03 million shares while its relative volume is 1.54. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.11). TreeHouse Foods had a negative net margin of 3.76% and a positive return on equity of 5.89%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period past year, the company posted $1.08 EPS. Zacks Investment Research lowered shares of TreeHouse Foods from a "buy" rating to a "hold" rating in a research note on Thursday, April 27th. Stephens cut shares of Treehouse Foods from an "overweight" rating to an "equal weight" rating in a research report on Thursday, November 2nd. The company holds 56.55 million outstanding shares and 56.12 million shares are floating in market. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued. The shares were bought at an average cost of $42.64 per share, for a total transaction of $85,280.00.
Natixis decreased Capital One Finl Corp (NYSE:COF) stake by 11,756 shares to 348,435 valued at $28.79 million in 2017Q2. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
In other news, CEO Sam K. Reed sold 11,480 shares of the firm's stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $67.58, for a total transaction of $775,818.40. The disclosure for this purchase can be found here. In the last three months, insiders sold 34,440 shares of company stock worth $2,027,712.
On November 2 the company was downgraded from "Outperform" to "Market Perform" by analysts at William Blair. They issued a "neutral" rating and a $68.00 target price on the stock. Bank of America Corporation began coverage on shares of Treehouse Foods in a research note on Tuesday, September 19th. BMO Capital Markets restated a "buy" rating on shares of Treehouse Foods in a research report on Tuesday, July 18th. Finally, Utah Retirement Systems lifted its position in shares of Treehouse Foods by 1.0% in the 2nd quarter. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The stock now has an average rating of "Hold" and a consensus target price of $59.51.
First Quadrant Lp Ca has invested 0.01% in TreeHouse Foods Inc. The Company's divisions include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Firm makes a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, soup and infant feeding, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
It improved, as 39 investors sold THS shares while 71 reduced holdings.