In its most recent filing with the Securities and Exchange Commission, TreeHouse Foods, Inc. (NYSE: THS) disclosed that Wilbanks Smith & Thomas Asset Management LLC reduced its interest in the company by 29.2% during the third quarter. The reduction was implemented during the third quarter of the company’s fiscal year. The corporation ended the quarter with 6,800 shares of the firm’s stock in its possession after selling 2,800 shares of company stock during the period. Wilbanks Smith & Thomas Asset Management LLC had a stake in TreeHouse Foods with a value of $288,000, as stated in the most recent report submitted to the Securities and Exchange Commission (SEC).
There have also been transactions involving hedge funds and various other types of institutional investors involving the buying and selling of shares of a corporation. Shapiro Capital Management LLC increased its ownership of TreeHouse Foods by 47.7% during the first three months of the year by purchasing additional company shares. Shapiro Capital Management LLC increased the total number of shares it owns to 2,628,233 during the most recent fiscal quarter by purchasing an additional 848,909 shares. This results in a market value for the company of $84,787,000. Millennium Management LLC successfully achieved a 1,739.5% increase in the size of its existing holdings in TreeHouse Foods over the second quarter. Millennium Management LLC now holds 491,847 shares following the acquisition of an additional 521,847 in the most recent quarter. The value of Millennium Management LLC’s holdings in the business at the moment is $20,569,000. The holdings of Dimensional Fund Advisors LP increased by 21.5% during the first three months of 2018 thanks to the addition of more shares of TreeHouse Foods. After making an additional purchase of 371,394 shares of the company during the most recent fiscal quarter, Dimensional Fund Advisors LP is now the direct owner of 2,100,638 shares in the business. These shares are currently worth a total of $67,767,000 as of right now. In the second quarter, Axiom Investors LLC made an investment in the state of Delaware totaling approximately $7,951,000 to acquire a new interest in TreeHouse Foods. And finally, during the second quarter, Nordea Investment Management AB shelled out approximately $5,516,000 to acquire additional shares of TreeHouse Foods’ stock.
On October 12th, the day they started covering the company, StockNews.com released a research report on TreeHouse Foods. The report was published as part of their coverage. They gave the business a “hold” rating, the worst possible score.
When trading started on Friday, THS was trading for $49.23. The price-to-earnings ratio for TreeHouse Foods, Inc. comes in at -18.17, and the beta value for the company is 0.48. The company’s total value, as represented by its market capitalization, is $2.76 billion. During the previous year, it reached a low of $29.47 while reaching a high of $51.55. There is a ratio of 1.10 for debt to equity, a ratio of 1.23 for the quick ratio, and a ratio of 1.74 for the current ratio. Currently, the share price is at $47.96, which is higher than its 50-day and 200-day moving averages of $46.27.
On November 7th, the most recent quarterly earnings report for TreeHouse Foods was made public. TreeHouse Foods stock is traded on the NYSE under the symbol “THS.” The company announced that it earned $0.18 per share for the quarter, which is $0.05 more than the consensus estimate of $0.13 per share. The company’s sales for the period came in at $875,000,000, which is significantly lower than the estimates of the industry professionals, who had predicted sales of $1.29 billion for the period. TreeHouse Foods had a positive return on equity, which was calculated to be 0.31%, but the company’s net margin was calculated to be -3.47%, indicating that.