JPMorgan Chase & Co. Has $2.99 Million Stake in TreeHouse Foods, Inc. (NYSE:THS)

JPMorgan Chase & Co. lessened its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 73.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 85,053 shares of the company's stock after selling 231,375 shares during the quarter. JPMorgan Chase & Co. owned about 0.17% of TreeHouse Foods worth $2,988,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of THS. WINTON GROUP Ltd bought a new stake in shares of TreeHouse Foods during the 4th quarter worth about $4,360,000. KLP Kapitalforvaltning AS acquired a new position in TreeHouse Foods during the fourth quarter worth about $337,000. American Century Companies Inc. raised its position in TreeHouse Foods by 3.0% in the fourth quarter. American Century Companies Inc. now owns 60,763 shares of the company's stock worth $2,135,000 after acquiring an additional 1,746 shares in the last quarter. Quantbot Technologies LP acquired a new stake in TreeHouse Foods in the 4th quarter valued at about $605,000. Finally, William Blair Investment Management LLC boosted its position in shares of TreeHouse Foods by 2.0% during the 4th quarter. William Blair Investment Management LLC now owns 898,536 shares of the company's stock valued at $31,566,000 after purchasing an additional 17,225 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company's stock.

TreeHouse Foods Stock Up 0.7 %

Shares of NYSE:THS traded up $0.15 during trading on Friday, reaching $22.44. 699,451 shares of the company traded hands, compared to its average volume of 585,431. The firm has a fifty day simple moving average of $26.70 and a 200 day simple moving average of $32.34. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 1-year low of $21.39 and a 1-year high of $43.84. The firm has a market cap of $1.13 billion, a P/E ratio of 41.56 and a beta of 0.40.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. During the same period in the previous year, the business posted $0.77 EPS. TreeHouse Foods's revenue for the quarter was down .5% on a year-over-year basis. Analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on THS shares. Jefferies Financial Group cut their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. StockNews.com raised TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday, February 18th. Truist Financial cut their target price on TreeHouse Foods from $30.00 to $25.00 and set a "hold" rating on the stock in a research report on Thursday. Barclays increased their price target on TreeHouse Foods from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 18th. Finally, TD Cowen cut their price objective on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $30.50.

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.