Bank of New York Mellon Corp Sells 2,565 Shares of TreeHouse Foods, Inc. $THS

Bank of New York Mellon Corp lessened its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 359,426 shares of the company’s stock after selling 2,565 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.71% of TreeHouse Foods worth $6,980,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC grew its position in shares of TreeHouse Foods by 8.8% during the 1st quarter. Hsbc Holdings PLC now owns 9,814 shares of the company’s stock worth $268,000 after buying an additional 790 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TreeHouse Foods by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,676 shares of the company’s stock valued at $750,000 after purchasing an additional 838 shares during the period. HighTower Advisors LLC increased its stake in TreeHouse Foods by 8.9% during the 1st quarter. HighTower Advisors LLC now owns 10,520 shares of the company’s stock worth $285,000 after purchasing an additional 861 shares in the last quarter. Blue Trust Inc. increased its stake in TreeHouse Foods by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the company’s stock worth $56,000 after purchasing an additional 968 shares in the last quarter. Finally, Comerica Bank raised its holdings in TreeHouse Foods by 4.5% during the 1st quarter. Comerica Bank now owns 29,472 shares of the company’s stock worth $798,000 after buying an additional 1,265 shares during the period. 99.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on THS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of TreeHouse Foods in a report on Wednesday. Stifel Nicolaus increased their target price on TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Zacks Research downgraded TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Mizuho cut their price target on TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Finally, Barclays increased their price objective on TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $24.67.

TreeHouse Foods Price Performance

NYSE:THS opened at $23.57 on Friday. TreeHouse Foods, Inc. has a 52-week low of $15.85 and a 52-week high of $40.77. The company has a market cap of $1.19 billion, a P/E ratio of -4.91 and a beta of 0.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29. The stock’s 50-day simple moving average is $19.77 and its 200 day simple moving average is $20.16.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The company had revenue of $841.90 million during the quarter, compared to the consensus estimate of $853.53 million. TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) earnings per share. As a group, sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

TreeHouse Foods Company 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.