Kestrel Investment Management Corp Buys Shares of 172,450 TreeHouse Foods, Inc. (NYSE:THS)

Kestrel Investment Management Corp bought a new position in shares of TreeHouse Foods, Inc. (NYSE:THS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 172,450 shares of the company’s stock, valued at approximately $6,058,000. TreeHouse Foods accounts for about 3.3% of Kestrel Investment Management Corp’s holdings, making the stock its 10th biggest holding. Kestrel Investment Management Corp owned 0.34% of TreeHouse Foods as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in TreeHouse Foods by 456.7% during 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. KBC Group NV grew its stake in shares of TreeHouse Foods by 45.1% in the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock worth $99,000 after acquiring an additional 877 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after acquiring an additional 1,508 shares in the last quarter. Legacy Wealth Asset Management LLC purchased a new position in shares of TreeHouse Foods in the 4th quarter valued at about $216,000. Finally, New Age Alpha Advisors LLC acquired a new stake in TreeHouse Foods in the fourth quarter valued at approximately $249,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Stock Down 1.2 %

Shares of THS opened at $27.06 on Monday. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.36 billion, a PE ratio of 50.11 and a beta of 0.15. The company’s fifty day moving average is $31.32 and its two-hundred day moving average is $34.94. TreeHouse Foods, Inc. has a fifty-two week low of $25.69 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The business had revenue of $905.70 million for the quarter, compared to analysts’ expectations of $907.71 million. During the same quarter in the prior year, the firm earned $0.77 earnings per share. TreeHouse Foods’s quarterly revenue was down .5% compared to the same quarter last year. Analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on THS. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Stifel Nicolaus increased their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Barclays boosted their price target on shares of 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, Jefferies Financial Group dropped their price objective on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has a consensus rating of “Hold” and a consensus price target of $34.83.

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.