MetLife Investment Management LLC Acquires 2,268 Shares of TreeHouse Foods, Inc. (NYSE:THS)

MetLife Investment Management LLC grew its stake in TreeHouse Foods, Inc. (NYSE:THS) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,128 shares of the company’s stock after purchasing an additional 2,268 shares during the period. MetLife Investment Management LLC’s holdings in TreeHouse Foods were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. FMR LLC grew its position in TreeHouse Foods by 90.5% in the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after acquiring an additional 2,479,495 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of TreeHouse Foods in the 4th quarter valued at $10,362,000. JPMorgan Chase & Co. grew its holdings in shares of TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock worth $13,284,000 after purchasing an additional 206,411 shares during the last quarter. Kestrel Investment Management Corp acquired a new stake in shares of TreeHouse Foods during the 4th quarter worth about $6,058,000. Finally, Marshall Wace LLP acquired a new stake in shares of TreeHouse Foods during the 4th quarter worth about $5,366,000. 99.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Truist Financial cut their price objective on TreeHouse Foods from $30.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus decreased their target price on TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Finally, Barclays lifted their price target on TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods has an average rating of “Hold” and an average price target of $30.50.

TreeHouse Foods Stock Up 2.1 %

NYSE THS opened at $23.62 on Friday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 43.74 and a beta of 0.40. TreeHouse Foods, Inc. has a 52 week low of $21.39 and a 52 week high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The stock has a fifty day moving average of $25.91 and a 200-day moving average of $31.72.

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

About TreeHouse Foods

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.