KLP Kapitalforvaltning AS Takes $337,000 Position in TreeHouse Foods, Inc. (NYSE:THS)

KLP Kapitalforvaltning AS bought a new position in TreeHouse Foods, Inc. (NYSE:THS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,600 shares of the company’s stock, valued at approximately $337,000.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after buying an additional 918 shares during the last quarter. KBC Group NV lifted its stake in TreeHouse Foods by 45.1% in the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock worth $99,000 after acquiring an additional 877 shares during the period. Legacy Wealth Asset Management LLC bought a new stake in TreeHouse Foods in the fourth quarter valued at $216,000. Entropy Technologies LP purchased a new position in TreeHouse Foods during the 4th quarter valued at $333,000. Finally, BNP Paribas Financial Markets raised its holdings in TreeHouse Foods by 4.7% in 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 in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Wall Street Analyst Weigh In

THS has been the topic of several research analyst reports. Jefferies Financial Group reduced their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus upped their target price on TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Barclays raised their target price on 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 raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Eight 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 $34.83.

TreeHouse Foods Stock Performance

Shares of THS opened at $25.96 on Friday. TreeHouse Foods, Inc. has a 52 week low of $25.65 and a 52 week high of $43.84. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.30 billion, a P/E ratio of 48.07 and a beta of 0.40. The business’s 50 day moving average price is $30.52 and its 200-day moving average price is $34.43.

TreeHouse Foods (NYSE:THS) last released its earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The company had revenue of $905.70 million during the quarter, compared to the consensus estimate of $907.71 million. During the same period last year, the firm posted $0.77 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

TreeHouse Foods Company 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.