TreeHouse Foods, Inc. (NYSE:THS) Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in TreeHouse Foods, Inc. (NYSE:THS) by 187.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 316,428 shares of the company’s stock after purchasing an additional 206,411 shares during the quarter. JPMorgan Chase & Co.’s holdings in TreeHouse Foods were worth $13,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of TreeHouse Foods by 28.1% during the third quarter. FMR LLC now owns 2,740,048 shares of the company’s stock worth $115,027,000 after buying an additional 600,723 shares during the period. Shapiro Capital Management LLC raised its stake in TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after acquiring an additional 286,770 shares in the last quarter. Rubric Capital Management LP bought a new stake in TreeHouse Foods during the 3rd quarter valued at $48,011,000. Charles Schwab Investment Management Inc. boosted its position in TreeHouse Foods by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 868,451 shares of the company’s stock worth $36,458,000 after acquiring an additional 14,297 shares during the period. Finally, Armistice Capital LLC grew its stake in shares of TreeHouse Foods by 12.2% in the second quarter. Armistice Capital LLC now owns 783,000 shares of the company’s stock worth $28,689,000 after purchasing an additional 85,000 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on THS. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Monday, January 6th. Barclays reduced their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Truist Financial lowered their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Finally, Stifel Nicolaus decreased their price target on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Performance

Shares of THS opened at $33.35 on Friday. TreeHouse Foods, Inc. has a 12-month low of $28.04 and a 12-month high of $43.84. The stock has a market capitalization of $1.71 billion, a P/E ratio of -70.96 and a beta of 0.22. The firm’s 50 day moving average is $34.57 and its 200-day moving average is $37.81. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. TreeHouse Foods’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. Equities research analysts anticipate that TreeHouse Foods, Inc. will post 1.96 EPS for the current fiscal year.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.