TreeHouse Foods, Inc. (NYSE:THS) Stake Raised by Northern Trust Corp

Northern Trust Corp raised its position in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,601 shares of the company's stock after acquiring an additional 28,029 shares during the period. Northern Trust Corp owned approximately 0.98% of TreeHouse Foods worth $17,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its stake in TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock worth $39,000 after purchasing an additional 918 shares during the period. Sterling Capital Management LLC grew its position in shares of 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 buying an additional 1,361 shares in the last quarter. KBC Group NV grew its position in shares of 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 buying an additional 877 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of 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 buying an additional 1,508 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC bought a new position in shares of TreeHouse Foods during the 4th quarter worth $216,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jana Partners Management, Lp acquired 124,785 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $21.85 per share, with a total value of $2,726,552.25. Following the purchase, the director now directly owns 5,040,533 shares in the company, valued at $110,135,646.05. The trade was a 2.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven Oakland purchased 4,660 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was bought at an average price of $21.46 per share, with a total value of $100,003.60. Following the acquisition, the chief executive officer now owns 369,521 shares in the company, valued at $7,929,920.66. This trade represents a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 147,123 shares of company stock worth $3,234,741 over the last 90 days. 11.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

THS has been the topic of a number of recent research reports. TD Cowen dropped their price target on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Barclays reduced their price target on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Jefferies Financial Group lowered their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. StockNews.com raised shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus dropped their target price on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $27.83.

TreeHouse Foods Stock Up 0.9%

Shares of THS traded up $0.21 during mid-day trading on Tuesday, hitting $23.42. 14,969 shares of the company's stock were exchanged, compared to its average volume of 605,009. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 43.44 and a beta of 0.30. TreeHouse Foods, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The stock's 50-day moving average is $24.13 and its 200-day moving average is $30.40.

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

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.