Raymond James Financial Inc. Buys New Position in TreeHouse Foods, Inc. (NYSE:THS)

Raymond James Financial Inc. acquired a new position in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 294,951 shares of the company's stock, valued at approximately $10,362,000. Raymond James Financial Inc. owned 0.58% of TreeHouse Foods as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rubric Capital Management LP bought a new stake in TreeHouse Foods in the 3rd quarter valued at $48,011,000. FMR LLC grew its stake in shares of TreeHouse Foods by 28.1% in the third 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 in the last quarter. JPMorgan Chase & Co. increased its position in TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company's stock worth $13,284,000 after acquiring an additional 206,411 shares during the period. Roberts Wealth Advisors LLC raised its stake in TreeHouse Foods by 297.4% in the 4th quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company's stock worth $2,858,000 after purchasing an additional 63,804 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in TreeHouse Foods by 37.7% in the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company's stock worth $5,213,000 after purchasing an additional 33,978 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company's stock.

TreeHouse Foods Price Performance

Shares of NYSE:THS traded down $0.12 during trading on Monday, hitting $26.23. 462,246 shares of the company were exchanged, compared to its average volume of 539,175. TreeHouse Foods, Inc. has a 1-year low of $26.03 and a 1-year high of $43.84. The company has a market capitalization of $1.32 billion, a P/E ratio of 48.57 and a beta of 0.15. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The business's 50 day moving average is $32.07 and its 200-day moving average is $35.47.

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TreeHouse Foods (NYSE:THS - Get Free Report) last issued its earnings results on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 EPS. Equities analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Jefferies Financial Group reduced their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th. Barclays upped their price target on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods presently has a consensus rating of "Hold" and an average price target of $34.83.

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.