Principal Financial Group Inc. Sells 15,938 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Principal Financial Group Inc. lowered its stake in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 6.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 220,284 shares of the company's stock after selling 15,938 shares during the period. Principal Financial Group Inc. owned 0.42% of TreeHouse Foods worth $9,248,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Capital Research Global Investors raised its holdings in shares of TreeHouse Foods by 52.6% in the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company's stock worth $37,017,000 after purchasing an additional 327,448 shares in the last quarter. Shapiro Capital Management LLC raised its holdings in shares of TreeHouse Foods by 22.0% during the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company's stock valued at $58,163,000 after acquiring an additional 286,770 shares during the period. New South Capital Management Inc. increased its stake in TreeHouse Foods by 22.4% in the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company's stock valued at $50,217,000 after buying an additional 250,399 shares during the period. Harbor Capital Advisors Inc. increased its stake in TreeHouse Foods by 382.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 181,300 shares of the company's stock valued at $6,643,000 after buying an additional 143,739 shares during the period. Finally, Engine Capital Management LP increased its stake in TreeHouse Foods by 319.5% in the 2nd quarter. Engine Capital Management LP now owns 152,832 shares of the company's stock valued at $5,600,000 after buying an additional 116,396 shares during the period. Institutional investors own 99.81% of the company's stock.

TreeHouse Foods Trading Up 1.8 %

Shares of TreeHouse Foods stock traded up $0.59 on Tuesday, hitting $33.31. The stock had a trading volume of 382,216 shares, compared to its average volume of 520,839. The firm has a market capitalization of $1.71 billion, a P/E ratio of -69.62 and a beta of 0.23. The stock has a 50 day moving average of $39.32 and a 200 day moving average of $38.18. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. TreeHouse Foods, Inc. has a twelve month low of $28.04 and a twelve month high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same period in the previous year, the business posted $0.57 EPS. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. Sell-side analysts expect that TreeHouse Foods, Inc. will post 2.15 earnings per share for the current fiscal year.

Insider Transactions at TreeHouse Foods

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the sale, the executive vice president now owns 20,784 shares of the company's stock, valued at $879,994.56. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on THS. Mizuho boosted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, August 26th. Barclays reduced their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, November 13th. StockNews.com raised shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, August 6th. Consumer Edge cut shares of TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research note on Friday. Finally, Stifel Nicolaus dropped their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods presently has a consensus rating of "Hold" and an average price target of $34.20.

TreeHouse Foods 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.