Two Sigma Advisers LP Takes $696,000 Position in TreeHouse Foods, Inc. (NYSE:THS)

Two Sigma Advisers LP acquired a new stake in TreeHouse Foods, Inc. (NYSE:THS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,800 shares of the company's stock, valued at approximately $696,000.

Several other hedge funds and other institutional investors have also modified their holdings of THS. Blue Trust Inc. lifted its stake in shares of TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock valued at $39,000 after purchasing an additional 918 shares in the last quarter. Sterling Capital Management LLC lifted its position in TreeHouse Foods by 134.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock worth $83,000 after acquiring an additional 1,361 shares in the last quarter. KBC Group NV increased its holdings in TreeHouse Foods by 45.1% during the 4th quarter. KBC Group NV now owns 2,820 shares of the company's stock worth $99,000 after purchasing an additional 877 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in TreeHouse Foods by 58.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock worth $142,000 after purchasing an additional 1,508 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of TreeHouse Foods in the 4th quarter valued at approximately $249,000. 99.81% of the stock is owned by institutional investors and hedge funds.

TreeHouse Foods Stock Performance

THS traded down $0.01 during trading on Wednesday, reaching $22.00. 333,899 shares of the company were exchanged, compared to its average volume of 607,805. The stock has a market cap of $1.11 billion, a P/E ratio of 40.74 and a beta of 0.28. The firm has a 50 day moving average of $23.10 and a 200 day moving average of $29.44. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 52 week low of $20.63 and a 52 week high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.24. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The company had revenue of $792.00 million during the quarter, compared to analyst estimates of $789.66 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm's quarterly revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on THS shares. Wall Street Zen upgraded TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th. TD Cowen lowered their price objective on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Barclays lowered their price objective on TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Finally, Jefferies Financial Group lowered their price objective on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $27.83.

Insiders Place Their Bets

In other TreeHouse Foods news, Director Jana Partners Management, Lp purchased 124,785 shares of TreeHouse Foods stock in a transaction on Thursday, May 8th. The stock was bought at an average price of $21.85 per share, for a total transaction of $2,726,552.25. Following the transaction, the director now owns 5,040,533 shares of the company's stock, valued at $110,135,646.05. The trade was a 2.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Steven Oakland purchased 4,660 shares of TreeHouse Foods stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $21.46 per share, with a total value of $100,003.60. Following the transaction, the chief executive officer now directly owns 369,521 shares in the company, valued at $7,929,920.66. This trade represents a 1.28% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 147,123 shares of company stock worth $3,234,741. 11.10% of the stock is owned by company insiders.

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.