Jane Street Group LLC lifted its stake in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 37.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,173 shares of the company's stock after purchasing an additional 33,978 shares during the quarter. Jane Street Group LLC owned 0.24% of TreeHouse Foods worth $5,213,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in shares of TreeHouse Foods during the 2nd quarter worth $37,000. Signaturefd LLC grew its holdings in shares of TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company's stock worth $42,000 after purchasing an additional 296 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of TreeHouse Foods during the 2nd quarter worth $44,000. Rothschild Investment LLC acquired a new stake in shares of TreeHouse Foods during the 2nd quarter worth $67,000. Finally, KBC Group NV boosted its stake in TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company's stock valued at $82,000 after buying an additional 564 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Truist Financial reduced their price objective on TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, November 13th. Barclays reduced their price objective on TreeHouse Foods from $39.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 13th. Stifel Nicolaus reduced their price objective on TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating on the stock in a research note on Wednesday, November 13th. StockNews.com lowered TreeHouse Foods from a "hold" rating to a "sell" rating in a research note on Thursday, December 12th. Finally, Mizuho raised their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $34.20.
Read Our Latest Stock Analysis on THS
TreeHouse Foods Trading Down 1.0 %
Shares of THS stock traded down $0.35 during mid-day trading on Tuesday, reaching $34.00. 482,593 shares of the stock traded hands, compared to its average volume of 526,687. The stock's fifty day simple moving average is $36.43 and its two-hundred day simple moving average is $38.05. TreeHouse Foods, Inc. has a 1-year low of $28.04 and a 1-year high of $43.84. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -72.34 and a beta of 0.23. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90.
TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same quarter last year, the business earned $0.57 earnings per share. TreeHouse Foods's revenue was down 1.0% compared to the same quarter last year. On average, research analysts anticipate that TreeHouse Foods, Inc. will post 1.96 EPS for the current fiscal year.
TreeHouse Foods Company Profile
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Free Report)
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.
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