Prudential Financial Inc. Has $1.68 Million Position in TreeHouse Foods Inc. (THS)

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Prudential Financial Inc. lowered its stake in shares of TreeHouse Foods Inc. (NYSE:THS) by 76.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,110 shares of the company’s stock after selling 107,248 shares during the quarter. Prudential Financial Inc.’s holdings in TreeHouse Foods were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. CX Institutional purchased a new position in TreeHouse Foods in the 4th quarter valued at $27,000. FNY Investment Advisers LLC purchased a new position in TreeHouse Foods in the 4th quarter valued at $37,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in TreeHouse Foods by 10.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,957 shares of the company’s stock valued at $201,000 after buying an additional 380 shares during the last quarter. Paloma Partners Management Co purchased a new position in TreeHouse Foods in the 3rd quarter valued at $206,000. Finally, Quantbot Technologies LP purchased a new position in TreeHouse Foods in the 3rd quarter valued at $207,000.

A number of equities analysts recently weighed in on THS shares. Jefferies Financial Group set a $60.00 price objective on shares of TreeHouse Foods and gave the company a “buy” rating in a research report on Monday, December 10th. Credit Suisse Group lifted their price objective on shares of TreeHouse Foods from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, December 12th. ValuEngine upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, December 12th. BMO Capital Markets boosted their target price on shares of TreeHouse Foods to $55.00 and gave the stock a “market perform” rating in a research report on Friday, February 15th. Finally, TheStreet upgraded shares of TreeHouse Foods from a “d+” rating to a “c-” rating in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. TreeHouse Foods currently has a consensus rating of “Hold” and a consensus price target of $51.92.

Shares of NYSE THS opened at $62.41 on Friday. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 2.22 and a beta of 0.54. TreeHouse Foods Inc. has a one year low of $36.43 and a one year high of $62.78. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.69 and a current ratio of 1.70.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, February 14th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.07. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. TreeHouse Foods had a positive return on equity of 5.66% and a negative net margin of 1.06%. The business’s revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.02 EPS. Analysts forecast that TreeHouse Foods Inc. will post 2.54 EPS for the current year.

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TreeHouse Foods Profile

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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