Today, TreeHouse Foods Inc. (THS) Stake Boosted by JPMorgan Chase & Co.

Today, TreeHouse Foods Inc. (THS) Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 41.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,084,391 shares of the company’s stock after buying an additional 896,578 shares during the period. JPMorgan Chase & Co. owned 0.05% of TreeHouse Foods worth $268,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sei Investments Co. raised its position in TreeHouse Foods by 8.8% in the third quarter. Sei Investments Co. now owns 95,692 shares of the company’s stock worth $8,343,000 after buying an additional 7,779 shares during the period. Icon Advisers Inc. Co. acquired a new position in TreeHouse Foods during the third quarter worth $1,395,000. US Bancorp DE raised its position in TreeHouse Foods by 442.9% in the third quarter. US Bancorp DE now owns 69,823 shares of the company’s stock worth $6,088,000 after buying an additional 56,962 shares during the period. UBS Asset Management Americas Inc. raised its position in TreeHouse Foods by 9.8% in the third quarter. UBS Asset Management Americas Inc. now owns 43,932 shares of the company’s stock worth $3,830,000 after buying an additional 3,931 shares during the period. Finally, M&T Bank Corp raised its position in TreeHouse Foods by 56.2% in the third quarter. M&T Bank Corp now owns 3,381 shares of the company’s stock worth $295,000 after buying an additional 1,216 shares during the period.

Shares of TreeHouse Foods Inc. (NYSE:THS) opened at 69.40 on Tuesday. TreeHouse Foods Inc. has a 12 month low of $62.64 and a 12 month high of $104.53. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 42.50 and a beta of 0.50. The firm has a 50-day moving average of $77.97 and a 200 day moving average of $91.02.

TreeHouse Foods (NYSE:THS) last released its earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.08. The business earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.64 billion. TreeHouse Foods had a return on equity of 5.70% and a net margin of 1.65%. The firm’s quarterly revenue was up 98.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, analysts expect that TreeHouse Foods Inc. will post $2.82 earnings per share for the current year.

A number of research firms have weighed in on THS. Susquehanna set a $88.00 price objective on shares of TreeHouse Foods and gave the company a “buy” rating in a research note on Sunday, November 13th. Jefferies Group reaffirmed a “buy” rating on shares of TreeHouse Foods in a research note on Monday, November 7th. Bank of America Corp. lowered shares of TreeHouse Foods from a “buy” rating to an “underperform” rating in a research note on Friday, November 4th. Stephens lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Thursday, November 3rd. Finally, SunTrust Banks Inc. lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target 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.

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Today, TreeHouse Foods Inc. (THS) Stake Boosted by JPMorgan Chase & Co.

Today, TreeHouse Foods Inc. (THS) Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of TreeHouse Foods Inc. (NYSE:THS) by 41.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,084,391 shares of the company’s stock after buying an additional 896,578 shares during the period. JPMorgan Chase & Co. owned 0.05% of TreeHouse Foods worth $268,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sei Investments Co. raised its position in TreeHouse Foods by 8.8% in the third quarter. Sei Investments Co. now owns 95,692 shares of the company’s stock worth $8,343,000 after buying an additional 7,779 shares during the period. Icon Advisers Inc. Co. acquired a new position in TreeHouse Foods during the third quarter worth $1,395,000. US Bancorp DE raised its position in TreeHouse Foods by 442.9% in the third quarter. US Bancorp DE now owns 69,823 shares of the company’s stock worth $6,088,000 after buying an additional 56,962 shares during the period. UBS Asset Management Americas Inc. raised its position in TreeHouse Foods by 9.8% in the third quarter. UBS Asset Management Americas Inc. now owns 43,932 shares of the company’s stock worth $3,830,000 after buying an additional 3,931 shares during the period. Finally, M&T Bank Corp raised its position in TreeHouse Foods by 56.2% in the third quarter. M&T Bank Corp now owns 3,381 shares of the company’s stock worth $295,000 after buying an additional 1,216 shares during the period.

Shares of TreeHouse Foods Inc. (NYSE:THS) opened at 69.40 on Tuesday. TreeHouse Foods Inc. has a 12 month low of $62.64 and a 12 month high of $104.53. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 42.50 and a beta of 0.50. The firm has a 50-day moving average of $77.97 and a 200 day moving average of $91.02.

TreeHouse Foods (NYSE:THS) last released its earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by $0.08. The business earned $1.59 billion during the quarter, compared to analysts’ expectations of $1.64 billion. TreeHouse Foods had a return on equity of 5.70% and a net margin of 1.65%. The firm’s quarterly revenue was up 98.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 earnings per share. On average, analysts expect that TreeHouse Foods Inc. will post $2.82 earnings per share for the current year.

A number of research firms have weighed in on THS. Susquehanna set a $88.00 price objective on shares of TreeHouse Foods and gave the company a “buy” rating in a research note on Sunday, November 13th. Jefferies Group reaffirmed a “buy” rating on shares of TreeHouse Foods in a research note on Monday, November 7th. Bank of America Corp. lowered shares of TreeHouse Foods from a “buy” rating to an “underperform” rating in a research note on Friday, November 4th. Stephens lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Thursday, November 3rd. Finally, SunTrust Banks Inc. lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target 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.

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