Wellington Shields Capital Management Lowers stake in TreeHouse Foods (THS)

TreeHouse Foods (THS) : Wellington Shields Capital Management reduced its stake in TreeHouse Foods by 0.31% during the most recent quarter end. The investment management company now holds a total of 64,830 shares of TreeHouse Foods which is valued at $5,998,720 after selling 200 shares in TreeHouse Foods , the firm said in a disclosure report filed with the SEC on May 2, 2016.TreeHouse Foods makes up approximately 1.03% of Wellington Shields Capital Management’s portfolio.

TreeHouse Foods opened for trading at $91.16 and hit $92.57 on the upside on Friday, eventually ending the session at $92.53, with a gain of 2.37% or 2.14 points. The heightened volatility saw the trading volume jump to 8,67,066 shares. Company has a market cap of $5,222 M.

Other Hedge Funds, Including , Wedge Capital Management L L Pnc boosted its stake in THS in the latest quarter, The investment management firm added 80,978 additional shares and now holds a total of 585,858 shares of TreeHouse Foods which is valued at $54,209,441. TreeHouse Foods makes up approx 0.56% of Wedge Capital Management L L Pnc’s portfolio. First Mercantile Trust Co added THS to its portfolio by purchasing 14,791 company shares during the most recent quarter which is valued at $1,307,524. TreeHouse Foods makes up approx 0.16% of First Mercantile Trust Co’s portfolio.Tci Wealth Advisors boosted its stake in THS in the latest quarter, The investment management firm added 194 additional shares and now holds a total of 202 shares of TreeHouse Foods which is valued at $17,857. TreeHouse Foods makes up approx 0.01% of Tci Wealth Advisors’s portfolio. World Asset Management Inc added THS to its portfolio by purchasing 2,775 company shares during the most recent quarter which is valued at $245,310. TreeHouse Foods makes up approx 0.01% of World Asset Management Inc’s portfolio. Wright Investors Service Inc added THS to its portfolio by purchasing 2,660 company shares during the most recent quarter which is valued at $235,144. TreeHouse Foods makes up approx 0.09% of Wright Investors Service Inc’s portfolio.

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.

Many Wall Street Analysts have commented on TreeHouse Foods. TreeHouse Foods was Upgraded by JP Morgan to ” Overweight” on Feb 9, 2016.

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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