3 Best Stocks to Buy According to Activist JANA Partners

1. TreeHouse Foods, Inc. (NYSE:THS)

JANA Partners’ Stake Value: $214,582,000

Percentage of JANA Partners’ 13F Portfolio: 18.55%       

Number of Hedge Fund Holders: 20

With JANA Partners selling all of its holdings in Zendesk, Inc. (NYSE:ZEN) during Q2, TreeHouse Foods, Inc. (NYSE:THS) jumped a spot and became the fund’s most favourite stock pick at the end of June. The popularity of the private label foods and beverages company among smart money investors has been on a consistent decline in the last two years. The number of hedge funds tracked by Insider Monkey that reported a stake in the company fell to 20 at the end of June this year from 33 at the end of Q2 2020.

On December 30, 2021, JANA Partners, through a regulatory filing, revealed that it had nominated two directors – Chris Sliva and Wendy Beck – to TreeHouse Foods, Inc.’s (NYSE:THS) board. Earlier this year, in April, the company announced that as part of an agreement with JANA Partners, it had appointed Scott Ostfeld, a partner at JANA, to the company’s board. On August 11, TreeHouse Foods, Inc. (NYSE:THS), through a press release, revealed that it had entered into a definitive agreement to sell a ‘significant portion’ of its meal preparation business to Investindustrial for $950 million. As part of that agreement, TreeHouse Foods, Inc. (NYSE:THS) will receive $530 million in cash when the deal closes, but it will provide $420 million in senior secured debt that would be due in 2027.

You can also look at 10 Best ESG Stocks To Buy Now and 15 Biggest Energy Companies in the US.

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