218,359 Shares in TreeHouse Foods Inc. (NYSE:THS) Purchased by Nuveen Asset Management LLC

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Nuveen Asset Management LLC acquired a new position in TreeHouse Foods Inc. (NYSE:THS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 218,359 shares of the company’s stock, valued at approximately $11,813,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in THS. Russell Investments Group Ltd. increased its holdings in TreeHouse Foods by 42.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,733,649 shares of the company’s stock worth $93,790,000 after buying an additional 512,609 shares in the last quarter. AQR Capital Management LLC increased its holdings in TreeHouse Foods by 182.8% in the 2nd quarter. AQR Capital Management LLC now owns 504,058 shares of the company’s stock worth $26,922,000 after buying an additional 325,829 shares in the last quarter. APG Asset Management N.V. increased its holdings in TreeHouse Foods by 51.5% in the 2nd quarter. APG Asset Management N.V. now owns 857,300 shares of the company’s stock worth $40,727,000 after buying an additional 291,600 shares in the last quarter. Sapience Investments LLC increased its holdings in TreeHouse Foods by 242.9% in the 2nd quarter. Sapience Investments LLC now owns 273,772 shares of the company’s stock worth $14,811,000 after buying an additional 193,922 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in TreeHouse Foods by 19.3% in the 2nd quarter. Wells Fargo & Company MN now owns 840,944 shares of the company’s stock worth $45,495,000 after buying an additional 136,191 shares in the last quarter.

In other news, VP Thomas Emmet Oneill III sold 6,850 shares of TreeHouse Foods stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $50.21, for a total transaction of $343,938.50. Following the transaction, the vice president now directly owns 121,183 shares of the company’s stock, valued at approximately $6,084,598.43. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Clifford Braun sold 901 shares of TreeHouse Foods stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $51.64, for a total value of $46,527.64. The disclosure for this sale can be found here. Insiders sold 14,606 shares of company stock worth $760,211 over the last three months. Insiders own 1.50% of the company’s stock.

Shares of NYSE:THS opened at $53.36 on Friday. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 1.50 and a beta of 0.74. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 1.71. The stock’s 50-day simple moving average is $53.99 and its two-hundred day simple moving average is $56.63. TreeHouse Foods Inc. has a 52-week low of $41.18 and a 52-week high of $67.88.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.07. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.30 billion. TreeHouse Foods had a positive return on equity of 5.73% and a negative net margin of 3.80%. The business’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. As a group, equities analysts forecast that TreeHouse Foods Inc. will post 2.49 earnings per share for the current fiscal year.

Several equities research analysts recently commented on THS shares. Stifel Nicolaus upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $64.00 in a report on Thursday, August 1st. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Thursday, September 12th. BMO Capital Markets upgraded TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 price objective for the company in a report on Thursday, July 18th. Finally, ValuEngine cut TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. TreeHouse Foods presently has an average rating of “Buy” and an average target price of $62.25.

About TreeHouse Foods

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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