Quest Partners LLC Buys 2,147 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Quest Partners LLC raised its stake in TreeHouse Foods, Inc. (NYSE:THS) by 173.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,387 shares of the company’s stock after acquiring an additional 2,147 shares during the period. Quest Partners LLC’s holdings in TreeHouse Foods were worth $124,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in TreeHouse Foods during the second quarter worth $44,000. GAMMA Investing LLC lifted its position in shares of TreeHouse Foods by 304.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after buying an additional 972 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in TreeHouse Foods in the first quarter valued at about $48,000. Rothschild Investment LLC bought a new position in TreeHouse Foods in the second quarter valued at about $67,000. Finally, TFO Wealth Partners LLC raised its stake in TreeHouse Foods by 78,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock worth $98,000 after acquiring an additional 2,358 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.

TreeHouse Foods Price Performance

Shares of NYSE:THS opened at $42.92 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.44. TreeHouse Foods, Inc. has a 52 week low of $33.28 and a 52 week high of $48.05. The firm has a market cap of $2.26 billion, a PE ratio of 93.24 and a beta of 0.22. The firm’s fifty day moving average is $39.42 and its 200-day moving average is $37.54.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, August 5th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.13 by $0.16. The firm had revenue of $788.50 million for the quarter, compared to the consensus estimate of $784.10 million. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. Sell-side analysts predict that TreeHouse Foods, Inc. will post 2.34 earnings per share for the current year.

Insider Buying and Selling at TreeHouse Foods

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the transaction, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on THS shares. Mizuho lifted their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Stifel Nicolaus increased their price target on TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, Barclays boosted their price objective on TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has a consensus rating of “Hold” and a consensus target price of $40.00.

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.