Principal Financial Group Inc. Cuts Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Principal Financial Group Inc. lessened its stake in TreeHouse Foods, Inc. (NYSE:THS) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 220,284 shares of the company’s stock after selling 15,938 shares during the quarter. Principal Financial Group Inc. owned about 0.42% of TreeHouse Foods worth $9,248,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in shares of TreeHouse Foods in the 2nd quarter worth $37,000. Signaturefd LLC lifted its stake in shares of TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of TreeHouse Foods in the 2nd quarter valued at about $44,000. GAMMA Investing LLC grew its holdings in shares of 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. Finally, Rothschild Investment LLC acquired a new stake in TreeHouse Foods during the 2nd quarter worth approximately $67,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays reduced their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Truist Financial lowered their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday. Mizuho upped their target price on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Finally, StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Stock Up 1.0 %

Shares of NYSE THS opened at $32.72 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.40. TreeHouse Foods, Inc. has a 1 year low of $28.04 and a 1 year high of $43.84. The stock’s 50-day simple moving average is $39.32 and its 200-day simple moving average is $38.18. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -69.62 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data 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 negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. During the same quarter last year, the business earned $0.57 EPS. TreeHouse Foods’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that TreeHouse Foods, Inc. will post 2.15 earnings per share for the current fiscal year.

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the transaction, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

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.