Davidson Kempner Capital Management Lp adds TreeHouse Foods (THS) to its portfolio

TreeHouse Foods (THS) : Davidson Kempner Capital Management Lp added new position in TreeHouse Foods during the most recent quarter end. The investment management firm now holds 335,000 shares of TreeHouse Foods which is valued at $32,836,700 , the company said in a statement filed on Aug 15, 2016 with the SEC.TreeHouse Foods makes up approximately 1.85% of Davidson Kempner Capital Management Lp’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management boosted its stake in THS in the latest quarter, The investment management firm added 274 additional shares and now holds a total of 3,011 shares of TreeHouse Foods which is valued at $295,138.Rhumbline Advisers reduced its stake in THS by selling 43,360 shares or 32.14% in the most recent quarter. The Hedge Fund company now holds 91,534 shares of THS which is valued at $8,972,163. TreeHouse Foods makes up approx 0.03% of Rhumbline Advisers’s portfolio.Bbva Compass Bancshares Inc reduced its stake in THS by selling 3,236 shares or 40.15% in the most recent quarter. The Hedge Fund company now holds 4,823 shares of THS which is valued at $497,685. TreeHouse Foods makes up approx 0.04% of Bbva Compass Bancshares Inc’s portfolio.North Star Asset Management Inc reduced its stake in THS by selling 60 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 62,831 shares of THS which is valued at $6,483,531. TreeHouse Foods makes up approx 0.73% of North Star Asset Management Inc’s portfolio. Conning sold out all of its stake in THS during the most recent quarter. The investment firm sold 4,366 shares of THS which is valued $441,839.

TreeHouse Foods closed down -0.73 points or -0.77% at $94 with 6,85,652 shares getting traded on Thursday. Post opening the session at $94.13, the shares hit an intraday low of $93.82 and an intraday high of $94.7166 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, TreeHouse Foods reported $0.54 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.54. The company had revenue of $1541.40 million for the quarter, compared to analysts expectations of $1557.33 million. The company’s revenue was up 103.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on TreeHouse Foods. TreeHouse Foods was Initiated by KeyBanc Capital Mkts to “Overweight” on May 26, 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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