Point72 Hong Kong Ltd boosted its stake in shares of TreeHouse Foods Inc. (NYSE:THS) by 275.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,827 shares of the company’s stock after buying an additional 4,275 shares during the period. Point72 Hong Kong Ltd’s holdings in TreeHouse Foods were worth $283,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in THS. Huntington National Bank acquired a new stake in shares of TreeHouse Foods during the 4th quarter worth approximately $26,000. Toronto Dominion Bank acquired a new position in TreeHouse Foods in the fourth quarter valued at approximately $32,000. Quantbot Technologies LP purchased a new position in TreeHouse Foods in the fourth quarter worth approximately $76,000. Chevy Chase Trust Holdings Inc. purchased a new position in TreeHouse Foods in the fourth quarter worth approximately $83,000. Finally, Psagot Investment House Ltd. purchased a new position in TreeHouse Foods in the third quarter worth approximately $94,000.
NYSE THS traded up $0.41 on Thursday, reaching $38.34. The stock had a trading volume of 470,436 shares, compared to its average volume of 505,234. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of -5.96, a P/E/G ratio of 2.90 and a beta of 0.92. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 1.23. TreeHouse Foods Inc. has a 12-month low of $33.50 and a 12-month high of $67.88. The stock has a fifty day moving average price of $41.41 and a two-hundred day moving average price of $48.53.
A number of research firms have commented on THS. Jefferies Financial Group assumed coverage on TreeHouse Foods in a research report on Wednesday, January 22nd. They issued a “hold” rating and a $52.00 target price on the stock. Zacks Investment Research cut TreeHouse Foods from a “hold” rating to a “sell” rating and set a $48.00 price target for the company. in a report on Monday, January 13th. SunTrust Banks reissued a “buy” rating and set a $65.00 price objective on shares of TreeHouse Foods in a research report on Tuesday, January 14th. William Blair upgraded shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating in a report on Monday, December 2nd. Finally, Bank of America raised shares of TreeHouse Foods from a “neutral” rating to a “buy” rating and decreased their target price for the company from $50.00 to $46.00 in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $56.82.
In other news, SVP Maurice Alkemade sold 3,730 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $44.60, for a total transaction of $166,358.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gary Dale Smith purchased 1,000 shares of TreeHouse Foods stock in a transaction dated Monday, March 9th. The shares were acquired at an average cost of $34.57 per share, for a total transaction of $34,570.00. Following the transaction, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $241,990. The disclosure for this purchase can be found here. Insiders have purchased a total of 9,500 shares of company stock valued at $350,690 over the last 90 days. 1.40% of the stock is currently owned by company insiders.
TreeHouse Foods Profile
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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