Raymond James Financial Inc. Buys Shares of 294,951 TreeHouse Foods, Inc. (NYSE:THS)

Raymond James Financial Inc. purchased a new stake in TreeHouse Foods, Inc. (NYSE:THS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 294,951 shares of the company’s stock, valued at approximately $10,362,000. Raymond James Financial Inc. owned approximately 0.58% of TreeHouse Foods at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of THS. BNP Paribas Financial Markets raised its position in shares of TreeHouse Foods by 4.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after purchasing an additional 481 shares during the last quarter. KBC Group NV increased 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 worth $82,000 after buying an additional 564 shares in the last quarter. Blue Trust Inc. raised its holdings 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 during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of TreeHouse Foods by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 42,261 shares of the company’s stock worth $1,485,000 after acquiring an additional 1,734 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of TreeHouse Foods by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 223,522 shares of the company’s stock valued at $7,852,000 after acquiring an additional 3,238 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

TreeHouse Foods Price Performance

TreeHouse Foods stock opened at $26.38 on Friday. TreeHouse Foods, Inc. has a 1 year low of $26.31 and a 1 year high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The firm has a 50 day moving average price of $32.21 and a 200 day moving average price of $35.65. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 48.84 and a beta of 0.15.

TreeHouse Foods (NYSE:THS) last announced its quarterly 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). The company had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 EPS. Sell-side analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

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.