JPMorgan Chase & Co. Grows Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

JPMorgan Chase & Co. raised its stake in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 187.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 316,428 shares of the company's stock after buying an additional 206,411 shares during the period. JPMorgan Chase & Co. owned about 0.62% of TreeHouse Foods worth $13,284,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of THS. FMR LLC grew its position in shares of TreeHouse Foods by 28.1% during the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company's stock valued at $115,027,000 after acquiring an additional 600,723 shares during the period. Shapiro Capital Management LLC grew its position in shares of TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company's stock valued at $58,163,000 after acquiring an additional 286,770 shares during the period. Rubric Capital Management LP acquired a new stake in shares of TreeHouse Foods during the 3rd quarter valued at about $48,011,000. Charles Schwab Investment Management Inc. grew its position in shares of TreeHouse Foods by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 868,451 shares of the company's stock valued at $36,458,000 after acquiring an additional 14,297 shares during the period. Finally, Armistice Capital LLC grew its position in shares of TreeHouse Foods by 12.2% during the 2nd quarter. Armistice Capital LLC now owns 783,000 shares of the company's stock valued at $28,689,000 after acquiring an additional 85,000 shares during the period. Hedge funds and other institutional investors own 99.81% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on THS. Truist Financial dropped their target price on TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. Consumer Edge cut TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research report on Friday, November 15th. StockNews.com upgraded TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Monday, January 6th. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, November 13th. Finally, Barclays lowered 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. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods presently has a consensus rating of "Hold" and an average target price of $34.20.

TreeHouse Foods Price Performance

THS traded down $1.20 during trading on Friday, reaching $33.35. The company's stock had a trading volume of 924,202 shares, compared to its average volume of 571,117. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The firm has a fifty day simple moving average of $34.57 and a two-hundred day simple moving average of $37.82. 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 $1.71 billion, a price-to-earnings ratio of -70.96 and a beta of 0.22.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its 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). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business had revenue of $854.40 million during the quarter, compared to analysts' expectations of $881.15 million. During the same period last year, the business earned $0.57 earnings per share. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, analysts anticipate that TreeHouse Foods, Inc. will post 1.96 EPS 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.