Lord Abbett & CO. LLC Has $37.22 Million Holdings in TreeHouse Foods Inc. (THS)
Lord Abbett & CO. LLC lifted its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 733,962 shares of the company’s stock after purchasing an additional 23,890 shares during the period. Lord Abbett & CO. LLC’s holdings in TreeHouse Foods were worth $37,219,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of TreeHouse Foods by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 713,020 shares of the company’s stock valued at $37,441,000 after purchasing an additional 13,408 shares during the period. Dupont Capital Management Corp bought a new stake in shares of TreeHouse Foods during the third quarter valued at approximately $459,000. Stone Ridge Asset Management LLC increased its position in shares of TreeHouse Foods by 11.5% during the third quarter. Stone Ridge Asset Management LLC now owns 27,084 shares of the company’s stock valued at $1,296,000 after purchasing an additional 2,800 shares during the period. Prudential Financial Inc. boosted its stake in TreeHouse Foods by 38.5% in the 3rd quarter. Prudential Financial Inc. now owns 140,358 shares of the company’s stock valued at $6,716,000 after buying an additional 39,034 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in TreeHouse Foods by 73.5% in the 3rd quarter. MML Investors Services LLC now owns 6,743 shares of the company’s stock valued at $323,000 after buying an additional 2,856 shares in the last quarter.
TreeHouse Foods stock opened at $59.68 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.69 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.13 and a beta of 0.54. TreeHouse Foods Inc. has a 52 week low of $36.43 and a 52 week high of $61.48.
Several analysts recently commented on the company. Zacks Investment Research reaffirmed a “sell” rating on shares of TreeHouse Foods in a research note on Friday, November 16th. Citigroup reaffirmed a “buy” rating and issued a $60.00 price target on shares of TreeHouse Foods in a research note on Wednesday, December 12th. Credit Suisse Group set a $55.00 price target on TreeHouse Foods and gave the company a “hold” rating in a research note on Friday, February 15th. Bank of America reaffirmed a “neutral” rating and issued a $58.00 price target (up previously from $55.00) on shares of TreeHouse Foods in a research note on Wednesday, January 23rd. Finally, BMO Capital Markets boosted their price target on TreeHouse Foods from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, December 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $51.92.
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About TreeHouse Foods
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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