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TreeHouse Foods, Inc. (NYSE:THS) Position Decreased by ProShare Advisors LLC

Defense World ·  Sep 5, 2022 05:01

ProShare Advisors LLC decreased its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS – Get Rating) by 10.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,707 shares of the company's stock after selling 1,407 shares during the period. ProShare Advisors LLC's holdings in TreeHouse Foods were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Signaturefd LLC lifted its stake in TreeHouse Foods by 90.2% during the first quarter. Signaturefd LLC now owns 850 shares of the company's stock valued at $27,000 after buying an additional 403 shares in the last quarter. Ellevest Inc. lifted its stake in TreeHouse Foods by 62.2% during the first quarter. Ellevest Inc. now owns 965 shares of the company's stock valued at $31,000 after buying an additional 370 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in TreeHouse Foods during the first quarter valued at about $67,000. Maverick Capital Ltd. lifted its stake in TreeHouse Foods by 34.0% during the fourth quarter. Maverick Capital Ltd. now owns 2,454 shares of the company's stock valued at $99,000 after buying an additional 622 shares in the last quarter. Finally, Humankind Investments LLC lifted its stake in TreeHouse Foods by 8.0% during the fourth quarter. Humankind Investments LLC now owns 5,465 shares of the company's stock valued at $221,000 after buying an additional 404 shares in the last quarter.

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Insider Activity at TreeHouse Foods

In related 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 transaction, the director now owns 4,795,414 shares of the company's stock, valued at $234,112,111.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.93% of the company's stock.

TreeHouse Foods Price Performance

NYSE THS opened at $45.49 on Monday. The company has a 50 day simple moving average of $44.94 and a 200-day simple moving average of $39.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.15 and a quick ratio of 0.42. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -46.42 and a beta of 0.40. TreeHouse Foods, Inc. has a 52-week low of $29.47 and a 52-week high of $50.39.

TreeHouse Foods (NYSE:THS – Get Rating) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.09. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.12 billion. TreeHouse Foods had a negative net margin of 1.19% and a positive return on equity of 1.15%. The company's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. Equities research analysts predict that TreeHouse Foods, Inc. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

THS has been the subject of a number of analyst reports. Credit Suisse Group upped their price objective on shares of TreeHouse Foods to $47.00 in a research note on Monday, August 15th. Truist Financial increased their price target on shares of TreeHouse Foods from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, August 9th. Finally, TheStreet raised shares of TreeHouse Foods from a "d+" rating to a "c-" rating in a research report on Tuesday, May 24th.

TreeHouse Foods Company Profile

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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.

Further Reading

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