US Bancorp DE Boosts Stake in TreeHouse Foods, Inc. (NYSE:THS)

US Bancorp DE increased its position in TreeHouse Foods, Inc. (NYSE:THS) by 42.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,459 shares of the company’s stock after buying an additional 5,241 shares during the period. US Bancorp DE’s holdings in TreeHouse Foods were worth $613,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its position in TreeHouse Foods by 456.7% during the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after purchasing an additional 918 shares during the period. KBC Group NV raised its position in TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in TreeHouse Foods during the third quarter valued at approximately $218,000. Legacy Wealth Asset Management LLC purchased a new stake in TreeHouse Foods during the fourth quarter valued at approximately $216,000. Finally, Verdence Capital Advisors LLC raised its position in TreeHouse Foods by 5.8% during the third quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock valued at $381,000 after purchasing an additional 499 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Trading Down 0.9 %

THS stock opened at $30.66 on Wednesday. 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, Inc. has a 12-month low of $28.04 and a 12-month high of $43.84. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 56.79 and a beta of 0.15. The business’s 50-day moving average is $33.28 and its 200 day moving average is $36.30.

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 the consensus estimate of $0.97 by ($0.02). The company had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 earnings per share. On average, sell-side analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Jefferies Financial Group dropped their price objective on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus increased their target price on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Barclays increased their target price on TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods presently has a consensus rating of “Hold” and an average target price of $34.83.

TreeHouse Foods 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.