Champlain Investment Partners Lowers stake in TreeHouse Foods (THS)

TreeHouse Foods (THS) : Champlain Investment Partners reduced its stake in TreeHouse Foods by 1.6% during the most recent quarter end. The investment management company now holds a total of 1,539,610 shares of TreeHouse Foods which is valued at $141.4 Million after selling 25,110 shares in TreeHouse Foods , the firm said in a disclosure report filed with the SEC on May 11, 2016.TreeHouse Foods makes up approximately 2.57% of Champlain Investment Partners’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank boosted its stake in THS in the latest quarter, The investment management firm added 1,958 additional shares and now holds a total of 6,315 shares of TreeHouse Foods which is valued at $580,159. TreeHouse Foods makes up approx 0.06% of Amalgamated Bank’s portfolio. Archford Capital Strategies sold out all of its stake in THS during the most recent quarter. The investment firm sold 34 shares of THS which is valued $3,124.Manufacturers Life Insurance Company The boosted its stake in THS in the latest quarter, The investment management firm added 18,791 additional shares and now holds a total of 101,020 shares of TreeHouse Foods which is valued at $9.3 Million. TreeHouse Foods makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.Ftb Advisors boosted its stake in THS in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 261 shares of TreeHouse Foods which is valued at $23,978.Bbva Compass Bancshares Inc boosted its stake in THS in the latest quarter, The investment management firm added 998 additional shares and now holds a total of 8,059 shares of TreeHouse Foods which is valued at $745,699. TreeHouse Foods makes up approx 0.06% of Bbva Compass Bancshares Inc’s portfolio.

TreeHouse Foods opened for trading at $92.67 and hit $95.13 on the upside on Monday, eventually ending the session at $94.01, with a gain of 2.33% or 2.14 points. The heightened volatility saw the trading volume jump to 13,32,430 shares. Company has a market cap of $5,305 M.

On the company’s financial health, TreeHouse Foods reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.41. The company had revenue of $1270.20 million for the quarter, compared to analysts expectations of $1268.50 million. The company’s revenue was up 62.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.

TreeHouse Foods Inc. is a consumer packaged food and beverage manufacturing company. The Company’s segments include North American Retail Grocery Food Away From Home and Industrial and Export. Its North American Retail Grocery segment sells branded and private label products to customers within the United States and Canada. Its Food Away From Home segment sells its products to foodservice customers such as restaurant chains and food distribution companies in the United States and Canada. Its Industrial and Export segment includes its co-pack business and non-dairy powdered creamer sales to industrial customers for use in industrial applications. The Company manufactures a variety of shelf stable refrigerated and fresh products. Its product categories include beverages salad dressings snacks beverage enhancers pickles Mexican and other sauces soup and infant feeding cereals dry dinners aseptic products jams and other products.

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