TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 73.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,053 shares of the company’s stock after selling 231,375 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.17% of TreeHouse Foods worth $2,988,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of TreeHouse Foods in the fourth quarter valued at about $10,362,000. WINTON GROUP Ltd purchased a new position in TreeHouse Foods during the fourth quarter worth about $4,360,000. Roberts Wealth Advisors LLC boosted its holdings in TreeHouse Foods by 297.4% in the 4th quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company’s stock valued at $2,858,000 after purchasing an additional 63,804 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in TreeHouse Foods by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company’s stock worth $31,654,000 after purchasing an additional 32,613 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in shares of TreeHouse Foods in the 4th quarter valued at approximately $1,142,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

Wall Street Analyst Weigh In

THS has been the subject of several research analyst reports. Jefferies Financial Group cut their price objective on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Barclays increased their price target on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. TD Cowen lowered their price target on TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 11th. Finally, Stifel Nicolaus dropped their price objective on TreeHouse Foods from $35.00 to $26.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.67.

TreeHouse Foods Trading Up 1.3 %

Shares of TreeHouse Foods stock opened at $22.39 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. The business has a 50 day moving average price of $27.50 and a 200 day moving average price of $32.72. The company has a market capitalization of $1.12 billion, a P/E ratio of 41.46 and a beta of 0.40. TreeHouse Foods, Inc. has a 1 year low of $21.39 and a 1 year high of $43.84.

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

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.