TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 73.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,053 shares of the company's stock after selling 231,375 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.17% of TreeHouse Foods worth $2,988,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of THS. Raymond James Financial Inc. bought a new position in shares of TreeHouse Foods during the 4th quarter worth approximately $10,362,000. Entropy Technologies LP purchased a new position in TreeHouse Foods in the fourth quarter worth $333,000. Roberts Wealth Advisors LLC increased its position in shares of TreeHouse Foods by 297.4% during the fourth 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. Barclays PLC lifted its holdings in shares of TreeHouse Foods by 7.0% during the 3rd quarter. Barclays PLC now owns 337,657 shares of the company's stock valued at $14,175,000 after purchasing an additional 21,951 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of TreeHouse Foods by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company's stock worth $31,654,000 after purchasing an additional 32,613 shares in the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.

TreeHouse Foods Stock Performance

THS traded up $0.02 during trading on Wednesday, reaching $22.69. 823,142 shares of the company's stock were exchanged, compared to its average volume of 582,811. The company's fifty day simple moving average is $27.08 and its 200-day simple moving average is $32.59. The stock has a market capitalization of $1.14 billion, a P/E ratio of 42.02 and a beta of 0.40. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. TreeHouse Foods, Inc. has a 1 year low of $21.39 and a 1 year high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted 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). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. The company's revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

THS has been the topic of several recent analyst reports. StockNews.com raised TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Tuesday, February 18th. Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $35.00 to $26.00 and set a "hold" rating for the company in a research report on Friday, April 11th. TD Cowen lowered their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group cut their price target 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. Finally, Barclays lifted their price objective on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $31.67.

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.