Handelsbanken Fonder AB lessened its stake in shares of TreeHouse Foods, Inc. (NYSE:THS – Get Rating) by 21.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,909 shares of the company's stock after selling 2,100 shares during the quarter. Handelsbanken Fonder AB's holdings in TreeHouse Foods were worth $255,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in THS. State of Tennessee Treasury Department lifted its position in TreeHouse Foods by 55.6% in the 1st quarter. State of Tennessee Treasury Department now owns 38,573 shares of the company's stock valued at $1,245,000 after acquiring an additional 13,777 shares in the last quarter. Raymond James & Associates lifted its position in TreeHouse Foods by 5.2% in the 1st quarter. Raymond James & Associates now owns 32,412 shares of the company's stock valued at $1,046,000 after acquiring an additional 1,607 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in TreeHouse Foods in the 1st quarter valued at about $518,000. Profund Advisors LLC lifted its position in TreeHouse Foods by 25.1% in the 1st quarter. Profund Advisors LLC now owns 7,632 shares of the company's stock valued at $246,000 after acquiring an additional 1,529 shares in the last quarter. Finally, Hightower 6M Holding LLC bought a new position in TreeHouse Foods in the 1st quarter valued at about $375,000.
Get TreeHouse Foods alerts:Insider Transactions at TreeHouse Foods
In other news, Director Jana Partners Llc sold 68,245 shares of the firm's stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $48.82, for a total transaction of $3,331,720.90. Following the completion of the sale, the director now owns 4,795,414 shares in the company, valued at approximately $234,112,111.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.93% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities analysts recently weighed in on THS shares. Truist Financial raised their price target on shares of TreeHouse Foods from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Tuesday, August 9th. TheStreet raised shares of TreeHouse Foods from a "d+" rating to a "c-" rating in a research report on Tuesday, May 24th. Finally, Credit Suisse Group lifted their target price on shares of TreeHouse Foods to $47.00 in a research report on Monday, August 15th.TreeHouse Foods Trading Down 1.5 %
Shares of THS stock opened at $45.49 on Friday. The company has a 50 day moving average of $44.94 and a 200-day moving average of $39.17. The company has a quick ratio of 0.42, a current ratio of 1.15 and a debt-to-equity ratio of 1.04. TreeHouse Foods, Inc. has a 12-month low of $29.47 and a 12-month high of $50.39. The firm has a market cap of $2.55 billion, a P/E ratio of -47.11 and a beta of 0.40.
TreeHouse Foods (NYSE:THS – Get Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.09. TreeHouse Foods had a negative net margin of 1.19% and a positive return on equity of 1.15%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business posted $0.26 EPS. TreeHouse Foods's quarterly revenue was up 19.4% compared to the same quarter last year. Sell-side analysts anticipate that TreeHouse Foods, Inc. will post 1.34 earnings per share for the current year.
About TreeHouse Foods
(Get Rating)
TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. It operates through two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.
See Also
- Get a free copy of the StockNews.com research report on TreeHouse Foods (THS)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Receive News & Ratings for TreeHouse Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TreeHouse Foods and related companies with MarketBeat.com's FREE daily email newsletter.