Chartwell Investment Partners LLC Buys Shares of 191,569 TreeHouse Foods, Inc. (NYSE:THS)

Chartwell Investment Partners LLC purchased a new position in TreeHouse Foods, Inc. (NYSE:THS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 191,569 shares of the company’s stock, valued at approximately $8,042,000.

Several other hedge funds have also recently made changes to their positions in the stock. Capital Research Global Investors grew its position in TreeHouse Foods by 52.6% in the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after purchasing an additional 327,448 shares during the period. Shapiro Capital Management LLC increased its position in TreeHouse Foods by 22.0% during the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after acquiring an additional 286,770 shares during the last quarter. New South Capital Management Inc. increased its position in TreeHouse Foods by 22.4% during the second quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock valued at $50,217,000 after acquiring an additional 250,399 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in TreeHouse Foods by 382.7% in the second quarter. Harbor Capital Advisors Inc. now owns 181,300 shares of the company’s stock valued at $6,643,000 after acquiring an additional 143,739 shares during the period. Finally, William Blair Investment Management LLC boosted its position in TreeHouse Foods by 16.5% in the first quarter. William Blair Investment Management LLC now owns 913,087 shares of the company’s stock worth $35,565,000 after purchasing an additional 129,323 shares during the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.

TreeHouse Foods Stock Performance

Shares of NYSE THS opened at $37.20 on Tuesday. The stock has a market cap of $1.96 billion, a PE ratio of -137.78 and a beta of 0.23. TreeHouse Foods, Inc. has a 1 year low of $33.28 and a 1 year high of $43.84. The firm has a fifty day moving average price of $40.26 and a 200-day moving average price of $38.35. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.44 and a quick ratio of 0.52.

Insiders Place Their Bets

In other 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 value of $127,020.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.