Bank of New York Mellon Corp Sells 44,573 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Bank of New York Mellon Corp lessened its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 361,261 shares of the company’s stock after selling 44,573 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.71% of TreeHouse Foods worth $12,691,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC increased its stake in TreeHouse Foods by 37.7% in the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after purchasing an additional 33,978 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after buying an additional 206,411 shares during the period. Entropy Technologies LP bought a new stake in shares of TreeHouse Foods in the 4th quarter valued at $333,000. HighTower Advisors LLC raised its stake in TreeHouse Foods by 90.8% during the 3rd quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after buying an additional 5,413 shares during the period. Finally, Roberts Wealth Advisors LLC lifted its holdings in TreeHouse Foods by 297.4% during the fourth quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company’s stock worth $2,858,000 after acquiring an additional 63,804 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

TreeHouse Foods Stock Down 6.7 %

TreeHouse Foods stock opened at $28.55 on Thursday. TreeHouse Foods, Inc. has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. The firm has a market capitalization of $1.43 billion, a PE ratio of 52.87 and a beta of 0.15. The company’s 50-day moving average is $33.19 and its 200-day moving average is $36.23.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The company had revenue of $905.70 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share. Sell-side analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share 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.