Raymond James & Associates Boosts Stake in TreeHouse Foods, Inc. (NYSE:THS)

Raymond James & Associates lifted its holdings in shares of TreeHouse Foods, Inc. (NYSE:THSFree Report) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,435 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Raymond James & Associates’ holdings in TreeHouse Foods were worth $847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Headlands Technologies LLC purchased a new position in TreeHouse Foods during the second quarter worth about $33,000. PenderFund Capital Management Ltd. purchased a new stake in TreeHouse Foods in the first quarter valued at approximately $28,000. Point72 Hong Kong Ltd purchased a new stake in TreeHouse Foods in the first quarter valued at approximately $30,000. Fairfield Bush & CO. purchased a new position in shares of TreeHouse Foods during the second quarter worth $59,000. Finally, State of Wyoming boosted its position in shares of TreeHouse Foods by 185.2% during the second quarter. State of Wyoming now owns 1,814 shares of the company’s stock worth $91,000 after buying an additional 1,178 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mark Hunter sold 4,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $41.86, for a total value of $167,440.00. Following the completion of the sale, the director now owns 567 shares in the company, valued at approximately $23,734.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on THS. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Stephens assumed coverage on shares of TreeHouse Foods in a research report on Friday, October 13th. They set an “equal weight” rating and a $48.00 price target on the stock. Stifel Nicolaus cut their target price on shares of TreeHouse Foods from $47.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, November 7th. Finally, Barclays decreased their price target on shares of TreeHouse Foods from $55.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.00.

Check Out Our Latest Report on TreeHouse Foods

TreeHouse Foods Stock Performance

Shares of THS opened at $42.45 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 1.16 and a debt-to-equity ratio of 0.91. TreeHouse Foods, Inc. has a 52-week low of $36.11 and a 52-week high of $55.30. The stock has a 50 day moving average price of $41.32 and a 200 day moving average price of $43.58. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 106.13 and a beta of 0.44.

TreeHouse Foods (NYSE:THSGet Free Report) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The firm had revenue of $863.30 million for the quarter, compared to analyst estimates of $955.26 million. TreeHouse Foods had a net margin of 0.62% and a return on equity of 8.81%. TreeHouse Foods’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. Research analysts predict that TreeHouse Foods, Inc. will post 2.41 EPS for the current fiscal year.

TreeHouse Foods Profile

(Free Report)

TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. The company provides snacking product, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, snack bars, and unique candy; and beverage and drink mix, including non-dairy creamer, single serve beverages, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.

Further Reading

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

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