5 Best Stocks to Buy According to Billionaire Barry Rosenstein’s Jana Partners

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

JANA Partner’s Stake Value: $216,948,000
Percent of JANA Partner’s 13F Portfolio: 14.62%
Number of Hedge Fund Holders: 27

TreeHouse Foods, Inc. (NYSE: THS) is an American food processing company with headquarters in Illinois, U.S. The company is one of the largest manufacturers of packaged foods and beverages. TreeHouse Foods, Inc. (NYSE: THS) has over 40 production facilities in the U.S., Canada, and Italy. It stands fourth on our list of the best stocks to buy according to billionaire Barry Rosenstein’s Jana Partners.

As of Q1 2021, Jana Partners has over 4.1 million shares in the company, worth $216 million. The firm increased its position in the company by 105% and now owns 7.4% of the company’s outstanding shares of common stock. In the first quarter, TreeHouse Foods, Inc. (NYSE: THS) reported a net income of $20.5 million and EPS of $0.36, beating the estimate by $0.04. The revenue presented a 2.5% year-over-year growth at $1.05 billion. For the second quarter, the company expects revenue in the range of $1.02 to $1.07 billion. In the past year, the THS stock has delivered a 3% return to shareholders. Currently, 2 Wall Street analysts have a ‘Buy’ rating on the stock, with an average price target of $50.38.

The number of hedge funds having positions in TreeHouse Foods, Inc. (NYSE: THS) has also increased to 27 in Q1 2021, compared with 24 in the previous quarter. The total value of these stakes is $368.8 million.