BlackRock Inc. Acquires 152,310 Shares of TreeHouse Foods Inc. (THS)

BlackRock Inc. boosted its holdings in shares of TreeHouse Foods Inc. (NYSE:THS) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,864,581 shares of the company’s stock after buying an additional 152,310 shares during the period. BlackRock Inc. owned about 8.69% of TreeHouse Foods worth $246,682,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Legal & General Group Plc boosted its stake in shares of TreeHouse Foods by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 82,376 shares of the company’s stock valued at $3,942,000 after purchasing an additional 593 shares in the last quarter. Man Group plc boosted its stake in shares of TreeHouse Foods by 74.7% in the 3rd quarter. Man Group plc now owns 33,830 shares of the company’s stock valued at $1,618,000 after purchasing an additional 14,462 shares in the last quarter. Ibex Investors LLC acquired a new stake in shares of TreeHouse Foods in the 3rd quarter valued at $1,236,000. Levin Capital Strategies L.P. boosted its stake in shares of TreeHouse Foods by 1.6% in the 4th quarter. Levin Capital Strategies L.P. now owns 3,296,060 shares of the company’s stock valued at $167,143,000 after purchasing an additional 51,943 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of TreeHouse Foods in the 3rd quarter valued at $221,000.

Several equities research analysts have recently commented on the stock. ValuEngine upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, December 12th. BMO Capital Markets boosted their target price on shares of TreeHouse Foods from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, December 12th. Credit Suisse Group boosted their target price on shares of TreeHouse Foods from $45.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, December 12th. TheStreet upgraded shares of TreeHouse Foods from a “d+” rating to a “c-” rating in a research note on Wednesday, January 16th. Finally, SunTrust Banks boosted their target price on shares of TreeHouse Foods to $50.00 and gave the company a “hold” rating in a research note on Wednesday, December 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. TreeHouse Foods presently has an average rating of “Hold” and an average target price of $51.92.

Shares of NYSE THS opened at $60.60 on Friday. The stock has a market cap of $3.39 billion, a P/E ratio of 27.55, a P/E/G ratio of 2.13 and a beta of 0.54. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.69 and a current ratio of 1.70. TreeHouse Foods Inc. has a 12-month low of $36.43 and a 12-month high of $61.48.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, February 14th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. TreeHouse Foods had a negative net margin of 1.06% and a positive return on equity of 5.66%. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.02 EPS. On average, sell-side analysts forecast that TreeHouse Foods Inc. will post 2.54 earnings per share for the current fiscal year.

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TreeHouse Foods 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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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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