TreeHouse Foods, Inc. (NYSE:THS) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. increased its stake in TreeHouse Foods, Inc. (NYSE:THS) by 218.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 166,767 shares of the company’s stock after acquiring an additional 114,380 shares during the quarter. Alliancebernstein L.P. owned approximately 0.33% of TreeHouse Foods worth $5,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of THS. Jane Street Group LLC raised its holdings in TreeHouse Foods by 37.7% during the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock worth $5,213,000 after buying an additional 33,978 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of TreeHouse Foods during the fourth quarter valued at approximately $10,362,000. Entropy Technologies LP acquired a new stake in shares of TreeHouse Foods during the fourth quarter valued at approximately $333,000. JPMorgan Chase & Co. lifted its position in shares of TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after acquiring an additional 206,411 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in TreeHouse Foods by 90.8% in the 3rd quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after purchasing an additional 5,413 shares during the period. 99.81% of the stock is owned by institutional investors and hedge funds.

TreeHouse Foods Price Performance

NYSE THS opened at $23.12 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.16 billion, a PE ratio of 42.81 and a beta of 0.40. TreeHouse Foods, Inc. has a 12-month low of $21.46 and a 12-month high of $43.84. The company has a 50 day moving average price of $28.87 and a two-hundred day moving average price of $33.57.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). The business had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. As a group, equities analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on THS shares. Stifel Nicolaus reduced their target price on TreeHouse Foods from $35.00 to $26.00 and set a “hold” rating for the company in a report on Friday. TD Cowen decreased their price objective on TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Friday. Barclays upped their target price on TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Jefferies Financial Group reduced their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Finally, StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods presently has a consensus rating of “Hold” and an average price target of $31.67.

About TreeHouse Foods

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.