Intech Investment Management LLC Purchases New Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Intech Investment Management LLC purchased a new stake in TreeHouse Foods, Inc. (NYSE:THS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,434 shares of the company’s stock, valued at approximately $522,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Shapiro Capital Management LLC boosted its stake in shares of TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after purchasing an additional 286,770 shares during the last quarter. New South Capital Management Inc. grew its position in TreeHouse Foods by 22.4% in the second quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock valued at $50,217,000 after acquiring an additional 250,399 shares in the last quarter. Chartwell Investment Partners LLC purchased a new position in TreeHouse Foods in the 3rd quarter valued at about $8,042,000. Harbor Capital Advisors Inc. increased its holdings in TreeHouse Foods by 382.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 181,300 shares of the company’s stock worth $6,643,000 after purchasing an additional 143,739 shares during the last quarter. Finally, Engine Capital Management LP boosted its stake in TreeHouse Foods by 319.5% during the 2nd quarter. Engine Capital Management LP now owns 152,832 shares of the company’s stock valued at $5,600,000 after acquiring an additional 116,396 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

Wall Street Analysts Forecast Growth

THS has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Mizuho upped their target price on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. 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 report on Wednesday, November 13th. Finally, StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Stock Down 1.0 %

Shares of TreeHouse Foods stock opened at $34.34 on Monday. The firm has a market cap of $1.76 billion, a PE ratio of -73.06 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 business’s 50 day simple moving average is $37.98 and its 200 day simple moving average is $38.13. 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 announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. During the same period last year, the firm earned $0.57 EPS. TreeHouse Foods’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts predict that TreeHouse Foods, Inc. will post 2.08 earnings per share for the current fiscal 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.