AQR Capital Management LLC Makes New Investment in TreeHouse Foods, Inc. (NYSE:THS)

AQR Capital Management LLC acquired a new stake in shares of TreeHouse Foods, Inc. (NYSE:THS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,285 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in THS. Canada Pension Plan Investment Board purchased a new position in shares of TreeHouse Foods during the second quarter valued at approximately $37,000. Innealta Capital LLC bought a new position in shares of TreeHouse Foods during the 2nd quarter worth approximately $44,000. GAMMA Investing LLC boosted its stake in shares of TreeHouse Foods by 304.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after buying an additional 972 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of TreeHouse Foods in the 1st quarter worth approximately $48,000. Finally, Rothschild Investment LLC bought a new position in shares of TreeHouse Foods in the second quarter valued at approximately $67,000. 99.81% of the stock is owned by institutional investors.

TreeHouse Foods Trading Up 0.1 %

Shares of THS opened at $42.21 on Friday. TreeHouse Foods, Inc. has a fifty-two week low of $33.28 and a fifty-two week high of $43.84. The business has a 50-day moving average of $40.93 and a 200 day moving average of $38.22. The firm has a market cap of $2.22 billion, a P/E ratio of 91.75 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.44.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.16. The firm had revenue of $788.50 million during the quarter, compared to the consensus estimate of $784.10 million. TreeHouse Foods had a negative net margin of 0.41% and a positive return on equity of 5.42%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. As a group, research analysts forecast that TreeHouse Foods, Inc. will post 2.34 EPS for the current year.

Analysts Set New Price Targets

THS has been the topic of several research analyst reports. Stifel Nicolaus boosted their price objective on TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Barclays boosted their price target on shares of TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 6th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Mizuho boosted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.40.

Insiders Place Their Bets

In related news, EVP Kristy N. Waterman sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the sale, the executive vice president now directly owns 20,784 shares in the company, valued at approximately $879,994.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

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.