Millennium Management LLC Sells 135,519 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Millennium Management LLC trimmed its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 23.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 434,950 shares of the company’s stock after selling 135,519 shares during the quarter. Millennium Management LLC owned 0.83% of TreeHouse Foods worth $15,937,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in shares of TreeHouse Foods during the 2nd quarter valued at $37,000. Innealta Capital LLC bought a new position in TreeHouse Foods during the second quarter valued at about $44,000. Central Pacific Bank Trust Division purchased a new stake in TreeHouse Foods during the first quarter worth about $48,000. GAMMA Investing LLC raised its position in TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after acquiring an additional 972 shares during the period. Finally, Rothschild Investment LLC purchased a new position in TreeHouse Foods in the second quarter valued at about $67,000. 99.81% of the stock is currently owned by institutional investors.

TreeHouse Foods Trading Up 0.7 %

Shares of THS stock opened at $40.12 on Friday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 87.22 and a beta of 0.22. The company’s fifty day simple moving average is $40.53 and its two-hundred day simple moving average is $38.07. TreeHouse Foods, Inc. has a 1 year low of $33.28 and a 1 year high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.44 and a quick ratio of 0.52.

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

Analyst Upgrades and Downgrades

THS has been the subject of several research analyst reports. Mizuho raised their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Stifel Nicolaus raised their target price 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 boosted their target price on TreeHouse Foods from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. Finally, StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.00.

Insider Buying and Selling at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the 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 transaction, the executive vice president now owns 20,784 shares of the company’s stock, valued at $879,994.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.90% of the company’s stock.

About TreeHouse Foods

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.