Victory Capital Management Inc. increased its position in TreeHouse Foods Inc. (NYSE:THS) by 70.0% during the third quarter, Holdings Channel reports. The fund owned 751,438 shares of the company’s stock after buying an additional 309,497 shares during the period. Victory Capital Management Inc. owned 1.32% of TreeHouse Foods worth $65,518,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of THS. State of Alaska Department of Revenue boosted its position in shares of TreeHouse Foods by 6.4% in the third quarter. State of Alaska Department of Revenue now owns 1,888 shares of the company’s stock worth $164,000 after buying an additional 113 shares during the last quarter. Advisors Asset Management Inc. raised its stake in TreeHouse Foods by 37.5% in the third quarter. Advisors Asset Management Inc. now owns 2,063 shares of the company’s stock valued at $180,000 after buying an additional 563 shares during the period. Advisor Group Inc. acquired a new stake in TreeHouse Foods during the second quarter valued at $187,000. DIAM Co. Ltd. acquired a new stake in TreeHouse Foods during the second quarter valued at $195,000. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in TreeHouse Foods during the third quarter valued at $200,000.
TreeHouse Foods Inc. (NYSE:THS) traded up 0.56% during trading on Monday, hitting $69.52. The company had a trading volume of 418,214 shares. TreeHouse Foods Inc. has a 1-year low of $62.64 and a 1-year high of $104.53. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 42.57 and a beta of 0.50. The company’s 50 day moving average price is $78.47 and its 200-day moving average price is $91.21.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by $0.08. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.64 billion. TreeHouse Foods had a net margin of 1.65% and a return on equity of 5.70%. The business’s quarterly revenue was up 98.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. On average, analysts expect that TreeHouse Foods Inc. will post $2.82 EPS for the current year.
Several analysts recently weighed in on THS shares. Jefferies Group reaffirmed a “buy” rating on shares of TreeHouse Foods in a research note on Monday, August 1st. JPMorgan Chase & Co. set a $119.00 price objective on TreeHouse Foods and gave the company a “buy” rating in a research note on Friday, August 5th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $98.00 price objective on shares of TreeHouse Foods in a research note on Friday, August 5th. Zacks Investment Research lowered TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Thursday, September 15th. Finally, SunTrust Banks Inc. lowered TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $104.71.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturing company. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. It manufactures a range of shelf stable, refrigerated and fresh products. Its product categories include beverages, salad dressings, snacks, beverage enhancers, pickles, Mexican and other sauces, soup and infant feeding, cereals, dry dinners, aseptic products, jams and other products.