TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 361,261 shares of the company's stock after selling 44,573 shares during the quarter. Bank of New York Mellon Corp owned 0.71% of TreeHouse Foods worth $12,691,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of THS. Blue Trust Inc. raised its holdings in shares of TreeHouse Foods by 456.7% during the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock valued at $39,000 after buying an additional 918 shares during the period. KBC Group NV raised its holdings in shares of TreeHouse Foods by 40.9% during the 3rd quarter. KBC Group NV now owns 1,943 shares of the company's stock valued at $82,000 after buying an additional 564 shares during the period. Legacy Wealth Asset Management LLC purchased a new stake in TreeHouse Foods during the 4th quarter worth approximately $216,000. Oppenheimer Asset Management Inc. purchased a new stake in TreeHouse Foods during the 3rd quarter worth approximately $218,000. Finally, Entropy Technologies LP purchased a new stake in TreeHouse Foods during the 4th quarter worth approximately $333,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. StockNews.com upgraded TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th. Barclays lifted their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 18th. Stifel Nicolaus lifted their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Finally, Jefferies Financial Group dropped their price objective on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods currently has a consensus rating of "Hold" and an average price target of $34.83.

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TreeHouse Foods Stock Performance

Shares of THS traded up $0.21 during mid-day trading on Friday, hitting $28.06. The stock had a trading volume of 686,419 shares, compared to its average volume of 535,899. The company has a market cap of $1.41 billion, a PE ratio of 51.97 and a beta of 0.15. The company's fifty day simple moving average is $32.78 and its two-hundred day simple moving average is $35.99. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a fifty-two week low of $27.65 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued 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). The firm had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. TreeHouse Foods's revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 EPS. On average, equities analysts expect 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.