AlphaQuest LLC Increases Holdings in TreeHouse Foods, Inc. $THS

AlphaQuest LLC increased its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 47.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,120 shares of the company’s stock after purchasing an additional 5,203 shares during the period. AlphaQuest LLC’s holdings in TreeHouse Foods were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in THS. Principal Financial Group Inc. raised its stake in shares of TreeHouse Foods by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 225,073 shares of the company’s stock valued at $6,097,000 after purchasing an additional 1,551 shares in the last quarter. Envestnet Asset Management Inc. grew its position in TreeHouse Foods by 5.8% in the first quarter. Envestnet Asset Management Inc. now owns 33,324 shares of the company’s stock worth $903,000 after buying an additional 1,830 shares during the last quarter. New York State Common Retirement Fund grew its position in TreeHouse Foods by 70.7% in the first quarter. New York State Common Retirement Fund now owns 29,405 shares of the company’s stock worth $797,000 after buying an additional 12,177 shares during the last quarter. MQS Management LLC acquired a new position in shares of TreeHouse Foods in the 1st quarter worth $298,000. Finally, Edgestream Partners L.P. grew its position in TreeHouse Foods by 238.3% during the 1st quarter. Edgestream Partners L.P. now owns 26,462 shares of the company’s stock worth $717,000 after purchasing an additional 18,639 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Price Performance

Shares of THS stock opened at $18.16 on Friday. TreeHouse Foods, Inc. has a 52-week low of $15.85 and a 52-week high of $40.77. The stock has a market cap of $916.88 million, a PE ratio of 46.56 and a beta of 0.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.38 and a current ratio of 1.26. The firm’s 50 day moving average price is $18.57 and its two-hundred day moving average price is $20.22.

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

Wall Street Analysts Forecast Growth

THS has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of TreeHouse Foods from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Weiss Ratings reissued a “sell (d)” rating on shares of TreeHouse Foods in a research report on Thursday. Mizuho cut their target price on shares of TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Zacks Research lowered shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Finally, Barclays dropped their price target on shares of TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 15th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, TreeHouse Foods presently has an average rating of “Reduce” and a consensus price target of $23.33.

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.