TreeHouse Foods Inc. (THS) Stake Boosted by JPMorgan Chase & Co.
JPMorgan Chase & Co. boosted its position in TreeHouse Foods Inc. (NYSE:THS) by 41.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,084,391 shares of the company’s stock after buying an additional 896,578 shares during the period. JPMorgan Chase & Co. owned 5.44% of TreeHouse Foods worth $268,928,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of TreeHouse Foods by 101.1% in the third quarter. Wells Fargo & Company MN now owns 4,172,507 shares of the company’s stock worth $363,800,000 after buying an additional 2,097,880 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of TreeHouse Foods during the third quarter worth $98,724,000. Point72 Asset Management L.P. purchased a new position in shares of TreeHouse Foods during the second quarter worth $43,329,000. Pine River Capital Management L.P. purchased a new position in shares of TreeHouse Foods during the second quarter worth $39,241,000. Finally, Victory Capital Management Inc. boosted its position in shares of TreeHouse Foods by 70.0% in the third quarter. Victory Capital Management Inc. now owns 751,438 shares of the company’s stock worth $65,518,000 after buying an additional 309,497 shares in the last quarter.
Shares of TreeHouse Foods Inc. (NYSE:THS) opened at 69.40 on Tuesday. TreeHouse Foods Inc. has a 12 month low of $62.64 and a 12 month high of $104.53. The company has a market capitalization of $3.94 billion, a PE ratio of 42.50 and a beta of 0.50. The firm’s 50-day moving average is $77.97 and its 200 day moving average is $91.02.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.08. TreeHouse Foods had a return on equity of 5.70% and a net margin of 1.65%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company earned $0.86 earnings per share. The company’s quarterly revenue was up 98.7% compared to the same quarter last year. Equities research analysts predict that TreeHouse Foods Inc. will post $2.82 EPS for the current year.
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A number of equities analysts have recently weighed in on THS shares. Susquehanna set a $88.00 price target on shares of TreeHouse Foods and gave the stock a “buy” rating in a research report on Sunday, November 13th. SunTrust Banks Inc. cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Zacks Investment Research cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, October 6th. Stephens cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 3rd. Finally, Jefferies Group reaffirmed a “buy” rating on shares of TreeHouse Foods in a research report on Monday, November 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $104.71.
TreeHouse Foods Company Profile
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. It manufactures a range 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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