Goldman Sachs Group Inc. Grows Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Goldman Sachs Group Inc. raised its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 649,088 shares of the company’s stock after purchasing an additional 23,212 shares during the period. Goldman Sachs Group Inc. owned 1.20% of TreeHouse Foods worth $26,905,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. UBS Group AG lifted its holdings in shares of TreeHouse Foods by 701.4% in the fourth quarter. UBS Group AG now owns 571,535 shares of the company’s stock valued at $23,690,000 after purchasing an additional 500,215 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of TreeHouse Foods by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 766,245 shares of the company’s stock valued at $31,761,000 after purchasing an additional 23,597 shares in the last quarter. JANA Partners Management LP purchased a new stake in shares of TreeHouse Foods in the third quarter valued at about $213,877,000. Brown Advisory Inc. lifted its holdings in shares of TreeHouse Foods by 20.5% in the fourth quarter. Brown Advisory Inc. now owns 1,123,484 shares of the company’s stock valued at $46,568,000 after purchasing an additional 191,157 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of TreeHouse Foods by 6.5% in the third quarter. Wellington Management Group LLP now owns 1,231,391 shares of the company’s stock valued at $53,664,000 after purchasing an additional 75,162 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Insider Transactions at TreeHouse Foods

In other news, SVP Stephen Alan Landry sold 3,723 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $34.99, for a total value of $130,267.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

THS has been the topic of several recent analyst reports. Mizuho initiated coverage on shares of TreeHouse Foods in a research note on Thursday, June 6th. They set a “neutral” rating and a $37.00 price objective on the stock. Stifel Nicolaus reduced their price objective on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. TD Cowen reduced their price objective on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. StockNews.com downgraded shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, Barclays reduced their price objective on shares of TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and an average price target of $38.17.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $36.47 on Monday. TreeHouse Foods, Inc. has a one year low of $33.28 and a one year high of $53.21. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.66 and a current ratio of 1.52. The company has a 50 day moving average price of $35.92 and a 200 day moving average price of $38.35. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 79.28 and a beta of 0.25.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a return on equity of 5.81% and a net margin of 0.76%. The company had revenue of $820.70 million for the quarter, compared to analyst estimates of $798.44 million. During the same period last year, the company posted $0.68 EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. Sell-side analysts anticipate that TreeHouse Foods, Inc. will post 2.26 EPS for the current year.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.