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

Harbor Capital Advisors Inc. raised its position in TreeHouse Foods, Inc. (NYSE:THS) by 68.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 304,969 shares of the company’s stock after purchasing an additional 123,669 shares during the quarter. Harbor Capital Advisors Inc. owned 0.58% of TreeHouse Foods worth $12,803,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital Research Global Investors raised its position in TreeHouse Foods by 52.6% in the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after purchasing an additional 327,448 shares during the last quarter. New South Capital Management Inc. raised its position in shares of 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 last quarter. Legato Capital Management LLC raised its position in shares of 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 last quarter. TD Asset Management Inc raised its position in shares of 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 last quarter. Finally, Shapiro Capital Management LLC raised its position in shares of TreeHouse Foods by 22.0% during the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after acquiring an additional 286,770 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

TreeHouse Foods Trading Up 1.2 %

NYSE THS opened at $36.82 on Friday. The business has a 50 day simple moving average of $40.65 and a 200 day simple moving average of $38.29. TreeHouse Foods, Inc. has a one year low of $33.28 and a one year high of $43.84. The stock has a market capitalization of $1.94 billion, a P/E ratio of -136.37 and a beta of 0.23. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.44 and a quick ratio of 0.52.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.29 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 firm had revenue of $788.50 million during the quarter, compared to analysts’ expectations of $784.10 million. During the same quarter last year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts expect that TreeHouse Foods, Inc. will post 2.34 earnings per share for the current year.

Insider Buying and Selling at TreeHouse Foods

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the sale, the executive vice president now owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

TreeHouse Foods Company 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.