Prudential Financial Inc. grew its holdings in shares of TreeHouse Foods Inc. (NYSE:THS) by 38.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,358 shares of the company’s stock after buying an additional 39,034 shares during the period. Prudential Financial Inc.’s holdings in TreeHouse Foods were worth $6,716,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in THS. Dimensional Fund Advisors LP raised its holdings in shares of TreeHouse Foods by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,284,193 shares of the company’s stock valued at $119,945,000 after buying an additional 319,196 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of TreeHouse Foods during the second quarter valued at approximately $13,362,000. Renaissance Technologies LLC raised its holdings in shares of TreeHouse Foods by 591.4% during the second quarter. Renaissance Technologies LLC now owns 295,900 shares of the company’s stock valued at $15,538,000 after buying an additional 253,100 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of TreeHouse Foods by 13.6% during the third quarter. Russell Investments Group Ltd. now owns 1,295,204 shares of the company’s stock valued at $61,977,000 after buying an additional 154,974 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of TreeHouse Foods by 255.3% during the second quarter. Canada Pension Plan Investment Board now owns 143,627 shares of the company’s stock valued at $7,542,000 after buying an additional 103,200 shares during the last quarter.
In related news, VP Thomas Emmet Oneill III sold 3,987 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $48.00, for a total transaction of $191,376.00. Following the sale, the vice president now owns 131,720 shares of the company’s stock, valued at $6,322,560. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.60% of the stock is owned by insiders.
A number of research firms have recently weighed in on THS. ValuEngine raised TreeHouse Foods from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Zacks Investment Research reaffirmed a “sell” rating on shares of TreeHouse Foods in a report on Friday, November 16th. Susquehanna Bancshares lifted their price target on TreeHouse Foods from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, September 20th. UBS Group set a $47.00 price target on TreeHouse Foods and gave the company a “hold” rating in a report on Friday, November 2nd. Finally, Citigroup cut their price target on TreeHouse Foods from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. TreeHouse Foods has an average rating of “Hold” and an average target price of $48.82.
Shares of NYSE:THS opened at $50.12 on Friday. TreeHouse Foods Inc. has a 12 month low of $36.35 and a 12 month high of $55.60. The company has a market cap of $2.80 billion, a P/E ratio of 17.84, a PEG ratio of 4.29 and a beta of 0.46. The company has a current ratio of 1.90, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07.
TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, November 1st. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 5.93%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. As a group, analysts anticipate that TreeHouse Foods Inc. will post 2.12 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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