Lmcg Investments LLC Invests $1.20 Million in TreeHouse Foods, Inc. (NYSE:THS)

Lmcg Investments LLC acquired a new position in shares of TreeHouse Foods, Inc. (NYSE:THSGet Rating) in the 1st quarter, HoldingsChannel reports. The fund acquired 37,136 shares of the company’s stock, valued at approximately $1,198,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of TreeHouse Foods by 84.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,819 shares of the company’s stock valued at $479,000 after purchasing an additional 5,399 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of TreeHouse Foods by 43.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,430 shares of the company’s stock valued at $869,000 after purchasing an additional 6,530 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of TreeHouse Foods in the 4th quarter valued at about $211,000. Envestnet Asset Management Inc. lifted its holdings in shares of TreeHouse Foods by 7.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 16,682 shares of the company’s stock valued at $676,000 after purchasing an additional 1,094 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of TreeHouse Foods by 25.2% in the 4th quarter. SG Americas Securities LLC now owns 37,004 shares of the company’s stock valued at $1,500,000 after purchasing an additional 7,454 shares during the last quarter.

TreeHouse Foods Stock Performance

NYSE THS opened at $49.39 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.42 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $42.79 and its two-hundred day moving average is $38.23. TreeHouse Foods, Inc. has a 12-month low of $29.47 and a 12-month high of $49.79. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of -50.40 and a beta of 0.40.

TreeHouse Foods (NYSE:THSGet Rating) last released its earnings results on Monday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.09. TreeHouse Foods had a positive return on equity of 1.15% and a negative net margin of 1.19%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. Research analysts expect that TreeHouse Foods, Inc. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on THS shares. Truist Financial boosted their target price on TreeHouse Foods from $50.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. TheStreet raised TreeHouse Foods from a “d+” rating to a “c-” rating in a research note on Tuesday, May 24th. Finally, Credit Suisse Group upped their price objective on TreeHouse Foods to $47.00 in a research note on Monday.

About TreeHouse Foods

(Get Rating)

TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. It operates through two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.

See Also

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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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