State of Alaska Department of Revenue raised its position in shares of TreeHouse Foods, Inc. (NYSE:THS – Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,061 shares of the company’s stock after purchasing an additional 2,027 shares during the period. State of Alaska Department of Revenue owned approximately 0.05% of TreeHouse Foods worth $524,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Illinois Municipal Retirement Fund grew its stake in shares of TreeHouse Foods by 2.3% during the first quarter. Illinois Municipal Retirement Fund now owns 25,462 shares of the company’s stock worth $690,000 after buying an additional 562 shares during the last quarter. Hsbc Holdings PLC grew its holdings in TreeHouse Foods by 8.8% during the 1st quarter. Hsbc Holdings PLC now owns 9,814 shares of the company’s stock worth $268,000 after acquiring an additional 790 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in TreeHouse Foods by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,676 shares of the company’s stock worth $750,000 after acquiring an additional 838 shares during the period. HighTower Advisors LLC boosted its position in shares of TreeHouse Foods by 8.9% during the 1st quarter. HighTower Advisors LLC now owns 10,520 shares of the company’s stock worth $285,000 after purchasing an additional 861 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of TreeHouse Foods by 4.5% during the 1st quarter. Comerica Bank now owns 29,472 shares of the company’s stock worth $798,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.
TreeHouse Foods Stock Up 0.6%
THS opened at $20.38 on Thursday. The company has a fifty day moving average price of $18.44 and a 200-day moving average price of $20.94. The firm has a market capitalization of $1.03 billion, a P/E ratio of 52.26 and a beta of 0.26. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.26 and a quick ratio of 0.38. TreeHouse Foods, Inc. has a one year low of $15.85 and a one year high of $42.48.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on THS. Mizuho dropped their price target on shares of TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of TreeHouse Foods in a research report on Wednesday. Stifel Nicolaus dropped their target price on shares of TreeHouse Foods from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Finally, Barclays lowered their price target on shares of TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 15th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $24.00.
Get Our Latest Stock Analysis on THS
TreeHouse Foods Company Profile
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.
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