Harbor Capital Advisors Inc. Acquires 123,669 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Harbor Capital Advisors Inc. increased its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 68.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 304,969 shares of the company’s stock after acquiring an additional 123,669 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in TreeHouse Foods were worth $12,803,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital Research Global Investors lifted its holdings in TreeHouse Foods by 52.6% during the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after acquiring an additional 327,448 shares during the period. New South Capital Management Inc. lifted its holdings in TreeHouse Foods by 29.0% during the first quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock worth $43,630,000 after acquiring an additional 251,886 shares during the period. Legato Capital Management LLC lifted its holdings in TreeHouse Foods by 38.1% during the second quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock worth $885,000 after acquiring an additional 6,666 shares during the period. TD Asset Management Inc lifted its holdings in TreeHouse Foods by 7.3% during the second quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock worth $17,549,000 after acquiring an additional 32,600 shares during the period. Finally, Shapiro Capital Management LLC raised its stake in shares of TreeHouse Foods by 22.0% in the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after buying an additional 286,770 shares during the period. 99.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Kristy N. Waterman sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the transaction, the executive vice president now directly owns 20,784 shares in the company, valued at $879,994.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

TreeHouse Foods Stock Performance

NYSE:THS opened at $36.82 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.44. TreeHouse Foods, Inc. has a 52-week low of $33.28 and a 52-week high of $43.84. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -136.37 and a beta of 0.23. The business’s fifty day moving average is $40.65 and its 200 day moving average is $38.29.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The company had revenue of $788.50 million for the quarter, compared to analyst estimates of $784.10 million. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts predict that TreeHouse Foods, Inc. will post 2.34 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Barclays boosted their target price on TreeHouse Foods from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. Stifel Nicolaus boosted their target price on TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, Mizuho boosted their target price on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods has a consensus rating of “Hold” and a consensus target price of $38.40.

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.