Arizona State Retirement System grew its position in TreeHouse Foods Inc. (NYSE:THS) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,191 shares of the company’s stock after buying an additional 254 shares during the quarter. Arizona State Retirement System’s holdings in TreeHouse Foods were worth $2,038,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in TreeHouse Foods by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,055,279 shares of the company’s stock worth $241,896,000 after purchasing an additional 71,124 shares in the last quarter. Vanguard Group Inc grew its holdings in TreeHouse Foods by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 5,055,279 shares of the company’s stock valued at $241,896,000 after buying an additional 71,124 shares during the period. FMR LLC grew its holdings in TreeHouse Foods by 7.7% in the 3rd quarter. FMR LLC now owns 5,039,594 shares of the company’s stock valued at $241,145,000 after buying an additional 359,926 shares during the period. BlackRock Inc. grew its holdings in TreeHouse Foods by 1.3% in the 3rd quarter. BlackRock Inc. now owns 4,712,271 shares of the company’s stock valued at $225,484,000 after buying an additional 59,053 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in TreeHouse Foods by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,293,205 shares of the company’s stock valued at $109,731,000 after buying an additional 9,012 shares during the period.
Several research firms have commented on THS. Zacks Investment Research restated a “sell” rating on shares of TreeHouse Foods in a report on Friday, November 16th. Citigroup restated a “buy” rating and issued a $60.00 price target on shares of TreeHouse Foods in a report on Wednesday, December 12th. BMO Capital Markets lifted their price target on TreeHouse Foods from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, December 12th. Bank of America restated a “neutral” rating and issued a $58.00 price target (up previously from $55.00) on shares of TreeHouse Foods in a report on Wednesday, January 23rd. Finally, SunTrust Banks lifted their price target on TreeHouse Foods to $50.00 and gave the company a “hold” rating in a report on Wednesday, December 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $51.15.
NYSE THS opened at $59.93 on Thursday. The stock has a market capitalization of $3.30 billion, a PE ratio of 21.33, a PEG ratio of 5.72 and a beta of 0.57. TreeHouse Foods Inc. has a 1-year low of $36.35 and a 1-year high of $60.58. The company has a current ratio of 1.90, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07.
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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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