Blair William & Co. IL raised its position in shares of TreeHouse Foods, Inc. (NYSE:THS – Get Rating) by 33.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,218 shares of the company's stock after acquiring an additional 112,085 shares during the quarter. Blair William & Co. IL owned approximately 0.80% of TreeHouse Foods worth $14,524,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of 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 acquiring an additional 403 shares during the last quarter. Ellevest Inc. increased its holdings in shares of TreeHouse Foods by 62.2% in the first quarter. Ellevest Inc. now owns 965 shares of the company's stock valued at $31,000 after purchasing an additional 370 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in shares of TreeHouse Foods in the first quarter valued at approximately $67,000. Maverick Capital Ltd. increased its holdings in shares of TreeHouse Foods by 34.0% in the fourth quarter. Maverick Capital Ltd. now owns 2,454 shares of the company's stock valued at $99,000 after purchasing an additional 622 shares during the last quarter. Finally, Humankind Investments LLC increased its holdings in shares of TreeHouse Foods by 8.0% in the fourth quarter. Humankind Investments LLC now owns 5,465 shares of the company's stock valued at $221,000 after purchasing an additional 404 shares during the last quarter.
Get TreeHouse Foods alerts:Analysts Set New Price Targets
THS has been the subject of several recent research reports. TheStreet raised TreeHouse Foods from a "d+" rating to a "c-" rating in a report on Tuesday, May 24th. Credit Suisse Group increased their price target on TreeHouse Foods to $47.00 in a report on Monday, August 15th. Finally, Truist Financial increased their price target on TreeHouse Foods from $50.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, August 9th.
Insider Buying and Selling
In related news, Director Jana Partners Llc sold 68,245 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $48.82, for a total value of $3,331,720.90. Following the completion of the transaction, the director now directly owns 4,795,414 shares in the company, valued at $234,112,111.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.93% of the stock is currently owned by company insiders.TreeHouse Foods Trading Down 1.9 %
Shares of TreeHouse Foods stock opened at $43.42 on Friday. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of -44.31 and a beta of 0.36. TreeHouse Foods, Inc. has a fifty-two week low of $29.47 and a fifty-two week high of $50.39. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.42 and a current ratio of 1.15. The stock has a 50 day moving average of $45.25 and a 200 day moving average of $39.29.
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, topping the consensus estimate of ($0.13) by $0.09. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.12 billion. TreeHouse Foods had a positive return on equity of 1.15% and a negative net margin of 1.19%. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. As a group, research analysts predict that TreeHouse Foods, Inc. will post 1.34 earnings per share for the current year.
About TreeHouse Foods
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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.
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