TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in TreeHouse Foods, Inc. (NYSE:THS) by 12.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,035 shares of the company’s stock after selling 5,496 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of TreeHouse Foods worth $1,681,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in TreeHouse Foods during the second quarter valued at approximately $37,000. Innealta Capital LLC acquired a new position in shares of TreeHouse Foods during the 2nd quarter valued at $44,000. GAMMA Investing LLC boosted its position in TreeHouse Foods by 304.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after purchasing an additional 972 shares during the period. Central Pacific Bank Trust Division acquired a new stake in TreeHouse Foods in the 1st quarter valued at $48,000. Finally, Rothschild Investment LLC purchased a new position in TreeHouse Foods in the second quarter valued at about $67,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Stock Down 0.5 %

Shares of NYSE:THS opened at $36.63 on Thursday. TreeHouse Foods, Inc. has a 12-month low of $33.28 and a 12-month high of $43.84. The company has a current ratio of 1.44, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.93 billion, a PE ratio of -135.67 and a beta of 0.22. The company has a fifty day simple moving average of $40.86 and a 200 day simple moving average of $38.30.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16. The business had revenue of $788.50 million for the quarter, compared to analyst estimates of $784.10 million. TreeHouse Foods had a negative net margin of 0.41% and a positive return on equity of 5.42%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. On average, equities research analysts anticipate that TreeHouse Foods, Inc. will post 2.34 EPS for the current fiscal year.

Insider Activity

In related news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now directly owns 20,784 shares in the company, valued at $879,994.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on THS. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Barclays lifted their price objective on shares of TreeHouse Foods from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. Stifel Nicolaus raised their price target on shares of TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, Mizuho boosted their price objective on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.40.

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.