Kestrel Investment Management Corp Makes New $6.06 Million Investment in TreeHouse Foods, Inc. (NYSE:THS)

Kestrel Investment Management Corp purchased a new stake in TreeHouse Foods, Inc. (NYSE:THS) in the fourth quarter, Holdings Channel reports. The firm purchased 172,450 shares of the company’s stock, valued at approximately $6,058,000. TreeHouse Foods comprises about 3.3% of Kestrel Investment Management Corp’s holdings, making the stock its 10th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in shares of TreeHouse Foods by 28.1% in the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company’s stock worth $115,027,000 after buying an additional 600,723 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of TreeHouse Foods by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company’s stock valued at $31,654,000 after purchasing an additional 32,613 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of TreeHouse Foods by 2.0% in the 4th quarter. William Blair Investment Management LLC now owns 898,536 shares of the company’s stock worth $31,566,000 after purchasing an additional 17,225 shares during the last quarter. Barclays PLC boosted its position in TreeHouse Foods by 7.0% during the 3rd quarter. Barclays PLC now owns 337,657 shares of the company’s stock valued at $14,175,000 after purchasing an additional 21,951 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in TreeHouse Foods by 187.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock worth $13,284,000 after buying an additional 206,411 shares during the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on THS. Jefferies Financial Group reduced their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Barclays upped their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Stifel Nicolaus lifted their price target on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and an average price target of $34.83.

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock opened at $27.06 on Monday. TreeHouse Foods, Inc. has a 52 week low of $25.69 and a 52 week high of $43.84. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average price is $31.32 and its two-hundred day moving average price is $34.94. The stock has a market cap of $1.36 billion, a PE ratio of 50.11 and a beta of 0.15.

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). The company had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. TreeHouse Foods’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. As a group, sell-side analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

TreeHouse Foods 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.