Prudential Financial Inc. lifted its position in TreeHouse Foods Inc. (NYSE:THS) by 38.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 140,358 shares of the company’s stock after purchasing an additional 39,034 shares during the period. Prudential Financial Inc. owned about 0.25% of TreeHouse Foods worth $6,716,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of TreeHouse Foods during the second quarter valued at about $615,000. BNP Paribas Arbitrage SA grew its stake in shares of TreeHouse Foods by 92.4% during the second quarter. BNP Paribas Arbitrage SA now owns 5,221 shares of the company’s stock valued at $274,000 after acquiring an additional 2,507 shares in the last quarter. Aperio Group LLC grew its stake in shares of TreeHouse Foods by 8.5% during the second quarter. Aperio Group LLC now owns 106,516 shares of the company’s stock valued at $5,593,000 after acquiring an additional 8,365 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of TreeHouse Foods by 6.6% during the second quarter. TD Asset Management Inc. now owns 179,900 shares of the company’s stock valued at $9,447,000 after acquiring an additional 11,100 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of TreeHouse Foods during the second quarter valued at about $798,000.
Several brokerages have recently weighed in on THS. ValuEngine upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. Susquehanna Bancshares raised their target price on TreeHouse Foods from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, September 20th. Zacks Investment Research restated a “sell” rating on shares of TreeHouse Foods in a research note on Friday, November 16th. Wells Fargo & Co lowered their target price on TreeHouse Foods from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Monday, November 5th. Finally, UBS Group set a $47.00 target price on TreeHouse Foods and gave the company a “hold” rating in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $48.82.
In related news, VP Thomas Emmet Oneill III sold 3,987 shares of TreeHouse Foods stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $48.00, for a total value of $191,376.00. Following the completion of the transaction, the vice president now directly owns 131,720 shares in the company, valued at $6,322,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by company insiders.
NYSE:THS opened at $50.12 on Friday. The stock has a market capitalization of $2.80 billion, a P/E ratio of 17.84, a PEG ratio of 4.29 and a beta of 0.46. TreeHouse Foods Inc. has a one year low of $36.35 and a one year high of $55.60. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.90 and a quick ratio of 0.59.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 5.93%. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.67 earnings per share. On average, analysts predict that TreeHouse Foods Inc. will post 2.12 EPS for the current year.
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TreeHouse Foods Company Profile
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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