HighTower Advisors LLC Raises Stake in TreeHouse Foods, Inc. (NYSE:THS)

HighTower Advisors LLC lifted its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 90.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,374 shares of the company’s stock after purchasing an additional 5,413 shares during the quarter. HighTower Advisors LLC’s holdings in TreeHouse Foods were worth $488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in shares of TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares in the last quarter. Pullen Investment Management LLC lifted its stake in TreeHouse Foods by 2.0% in the 2nd quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock valued at $776,000 after buying an additional 408 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in TreeHouse Foods by 4.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock valued at $447,000 after buying an additional 481 shares during the last quarter. Verdence Capital Advisors LLC increased 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 worth $381,000 after buying an additional 499 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after acquiring an additional 564 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Stock Performance

THS opened at $33.63 on Friday. TreeHouse Foods, Inc. has a twelve month low of $28.04 and a twelve month high of $43.84. The stock has a market cap of $1.72 billion, a PE ratio of -71.55 and a beta of 0.23. The business’s 50 day moving average is $35.99 and its 200-day moving average is $37.97. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. On average, analysts predict that TreeHouse Foods, Inc. will post 1.96 earnings per share for the current year.

Analyst Ratings Changes

THS has been the topic of a number of recent analyst reports. Barclays decreased their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. Mizuho raised their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Stifel Nicolaus dropped their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Finally, Truist Financial dropped their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $34.20.

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.