Is TreeHouse Foods Inc. (THS) Worthy of Your Portfolio?

Due to the fact that TreeHouse Foods Inc. (NYSE:THS) has experienced bearish sentiment from hedge fund managers, it’s safe to say that there exists a select few hedgies that decided to sell off their full holdings in the third quarter. At the top of the heap, Millennium Management, one of the largest hedge funds in the world, said goodbye to the largest position of all the hedgies followed by Insider Monkey, valued at close to $147.9 million in stock, and Michael A. Price and Amos Meron’s Empyrean Capital Partners was right behind this move, as the fund dumped about $39.5 million worth of shares.

Let’s go over hedge fund activity in other stocks similar to TreeHouse Foods Inc. (NYSE:THS). These stocks are Robert Half International Inc. (NYSE:RHI), Axis Capital Holdings Limited (NYSE:AXS), People’s United Financial, Inc. (NASDAQ:PBCT), and Toll Brothers Inc (NYSE:TOL). This group of stocks’ market caps are closest to THS’s market cap.

As you can see these stocks had an average of 19 funds with bullish positions and the average amount invested in these stocks was $280 million. That figure was $298 million in THS’s case. Toll Brothers Inc (NYSE:TOL) is the most popular stock in this table, with 29 funds holding shares. On the other hand People’s United Financial, Inc. (NASDAQ:PBCT) is the least popular one with only 12 bullish hedge fund positions. TreeHouse Foods Inc. (NYSE:THS) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Toll Brothers Inc (NYSE:TOL) might be a better candidate to consider taking a long position in.

Disclosure: none