TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,026 shares of the company’s stock after selling 842 shares during the period. Mutual of America Capital Management LLC’s holdings in TreeHouse Foods were worth $295,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of TreeHouse Foods by 8.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 45,004 shares of the company’s stock valued at $1,754,000 after acquiring an additional 3,549 shares in the last quarter. Boston Partners increased its holdings in shares of TreeHouse Foods by 5.4% in the 1st quarter. Boston Partners now owns 193,892 shares of the company’s stock valued at $7,552,000 after purchasing an additional 9,998 shares during the period. GAMMA Investing LLC increased its stake in shares of TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after acquiring an additional 972 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in TreeHouse Foods by 382.7% in the second quarter. Harbor Capital Advisors Inc. now owns 181,300 shares of the company’s stock worth $6,643,000 after buying an additional 143,739 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in TreeHouse Foods by 165.8% during the second quarter. SG Americas Securities LLC now owns 10,298 shares of the company’s stock worth $377,000 after buying an additional 6,423 shares during the last quarter. 99.81% of the stock is owned by institutional investors.

TreeHouse Foods Stock Performance

Shares of NYSE THS opened at $34.67 on Friday. The stock has a market capitalization of $1.78 billion, a PE ratio of -73.77 and a beta of 0.23. TreeHouse Foods, Inc. has a 52 week low of $28.04 and a 52 week high of $43.84. The stock has a 50 day moving average price of $38.28 and a 200 day moving average price of $38.14. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts predict that TreeHouse Foods, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on THS shares. Truist Financial decreased their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Stifel Nicolaus lowered their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Mizuho lifted their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. StockNews.com cut TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Monday. Finally, Barclays decreased their target price on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $34.20.

About TreeHouse Foods

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.