NBC Securities Inc. Acquires New Position in TreeHouse Foods, Inc. (NYSE:THS)

NBC Securities Inc. bought a new position in TreeHouse Foods, Inc. (NYSE:THSFree Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 865 shares of the company’s stock, valued at approximately $37,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in shares of TreeHouse Foods by 5.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,891 shares of the company’s stock worth $246,000 after buying an additional 239 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of TreeHouse Foods by 1.0% during the 2nd quarter. MetLife Investment Management LLC now owns 26,999 shares of the company’s stock worth $1,360,000 after buying an additional 269 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of TreeHouse Foods by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,645 shares of the company’s stock worth $1,040,000 after buying an additional 293 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of TreeHouse Foods by 5.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company’s stock worth $261,000 after buying an additional 303 shares in the last quarter. Finally, Cavalier Investments LLC grew its position in shares of TreeHouse Foods by 3.5% during the 3rd quarter. Cavalier Investments LLC now owns 10,350 shares of the company’s stock worth $451,000 after buying an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $42.18 on Thursday. TreeHouse Foods, Inc. has a fifty-two week low of $36.11 and a fifty-two week high of $55.30. The company has a market cap of $2.33 billion, a PE ratio of 105.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 1.16. The business has a 50-day simple moving average of $41.55 and a two-hundred day simple moving average of $43.28.

TreeHouse Foods (NYSE:THSGet Free Report) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. TreeHouse Foods had a return on equity of 8.81% and a net margin of 0.62%. The firm had revenue of $863.30 million during the quarter, compared to analysts’ expectations of $955.26 million. During the same period last year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that TreeHouse Foods, Inc. will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays dropped their price objective on TreeHouse Foods from $55.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 12th. Stifel Nicolaus dropped their price objective on TreeHouse Foods from $47.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday, November 7th. Stephens assumed coverage on TreeHouse Foods in a research report on Friday, October 13th. They set an “equal weight” rating and a $48.00 price objective on the stock. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.00.

View Our Latest Stock Report on TreeHouse Foods

Insider Transactions at TreeHouse Foods

In other TreeHouse Foods news, Director Mark Hunter sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $41.86, for a total value of $167,440.00. Following the completion of the transaction, the director now directly owns 567 shares of the company’s stock, valued at $23,734.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.93% of the company’s stock.

TreeHouse Foods Company Profile

(Free Report)

TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. The company provides snacking product, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, snack bars, and unique candy; and beverage and drink mix, including non-dairy creamer, single serve beverages, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.

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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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