JPMorgan Chase & Co. Boosts Position in TreeHouse Foods, Inc. (NYSE:THS)

JPMorgan Chase & Co. grew its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 187.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,428 shares of the company’s stock after buying an additional 206,411 shares during the quarter. JPMorgan Chase & Co. owned 0.62% of TreeHouse Foods worth $13,284,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC boosted its position in TreeHouse Foods by 173.1% during the 2nd quarter. Quest Partners LLC now owns 3,387 shares of the company’s stock worth $124,000 after purchasing an additional 2,147 shares during the period. Keene & Associates Inc. acquired a new stake in shares of TreeHouse Foods in the second quarter valued at about $384,000. XTX Topco Ltd raised its holdings in shares of TreeHouse Foods by 10.3% during the 2nd quarter. XTX Topco Ltd now owns 10,885 shares of the company’s stock valued at $399,000 after buying an additional 1,016 shares during the period. Canada Pension Plan Investment Board acquired a new position in TreeHouse Foods during the 2nd quarter worth approximately $37,000. Finally, Public Sector Pension Investment Board lifted its position in TreeHouse Foods by 7.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 111,762 shares of the company’s stock worth $4,095,000 after acquiring an additional 7,331 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on THS shares. Truist Financial dropped 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 lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 6th. Barclays reduced their target price on 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. Finally, Stifel Nicolaus dropped their price target on shares of 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 research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Stock Performance

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

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