Y Intercept Hong Kong Ltd Invests $1.49 Million in TreeHouse Foods, Inc. $THS

Y Intercept Hong Kong Ltd acquired a new position in TreeHouse Foods, Inc. (NYSE:THS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 76,766 shares of the company’s stock, valued at approximately $1,491,000. Y Intercept Hong Kong Ltd owned about 0.15% of TreeHouse Foods at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in THS. Blue Trust Inc. boosted its holdings in shares of TreeHouse Foods by 50.7% in the second quarter. Blue Trust Inc. now owns 2,878 shares of the company’s stock worth $56,000 after buying an additional 968 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of TreeHouse Foods by 719.7% in the second quarter. GAMMA Investing LLC now owns 2,918 shares of the company’s stock worth $57,000 after buying an additional 2,562 shares during the last quarter. State of Wyoming purchased a new position in shares of TreeHouse Foods in the first quarter worth approximately $93,000. CWM LLC boosted its holdings in shares of TreeHouse Foods by 4,868.8% in the second quarter. CWM LLC now owns 8,745 shares of the company’s stock worth $170,000 after buying an additional 8,569 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of TreeHouse Foods in the second quarter worth approximately $263,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Analyst Upgrades and Downgrades

THS has been the topic of a number of research reports. Mizuho dropped their price objective on shares of TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Stifel Nicolaus dropped their price objective on shares of TreeHouse Foods from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, October 24th. Zacks Research downgraded shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of TreeHouse Foods in a report on Thursday. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $23.33.

TreeHouse Foods Price Performance

Shares of NYSE:THS opened at $18.16 on Monday. 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 1-year low of $15.85 and a 1-year high of $40.77. The company has a market capitalization of $916.88 million, a P/E ratio of 46.56 and a beta of 0.25. The firm’s 50 day simple moving average is $18.57 and its two-hundred day simple moving average is $20.20.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. TreeHouse Foods had a net margin of 0.62% and a return on equity of 6.35%. The business had revenue of $801.40 million for the quarter, compared to the consensus estimate of $788.84 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

TreeHouse Foods 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.