Raymond James Financial Inc. Takes $10.36 Million Position in TreeHouse Foods, Inc. (NYSE:THS)

Raymond James Financial Inc. purchased a new stake in shares of TreeHouse Foods, Inc. (NYSE:THS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 294,951 shares of the company’s stock, valued at approximately $10,362,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in TreeHouse Foods by 4.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock valued at $447,000 after buying an additional 481 shares during the last quarter. KBC Group NV lifted its stake in shares of TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after acquiring an additional 564 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after acquiring an additional 918 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in TreeHouse Foods by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 42,261 shares of the company’s stock valued at $1,485,000 after purchasing an additional 1,734 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in TreeHouse Foods by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 223,522 shares of the company’s stock valued at $7,852,000 after purchasing an additional 3,238 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Stock Performance

THS stock opened at $26.38 on Friday. The stock’s 50 day simple moving average is $32.21 and its 200 day simple moving average is $35.65. TreeHouse Foods, Inc. has a 12-month low of $26.31 and a 12-month high of $43.84. The firm has a market cap of $1.32 billion, a P/E ratio of 48.84 and a beta of 0.15. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The business had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. During the same period last year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities research analysts predict that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Wall Street Analysts Forecast Growth

THS has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their target price on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Barclays lifted their price target on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Stifel Nicolaus increased their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Finally, StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods has a consensus rating of “Hold” and an average target price of $34.83.

TreeHouse Foods Company Profile

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.