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

Geode Capital Management LLC cut its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,088,330 shares of the company’s stock after selling 21,244 shares during the period. Geode Capital Management LLC owned approximately 2.13% of TreeHouse Foods worth $45,697,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in shares of TreeHouse Foods during the 2nd quarter valued at $37,000. Signaturefd LLC lifted its holdings in shares of TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of TreeHouse Foods during the second quarter valued at $44,000. Rothschild Investment LLC purchased a new position in TreeHouse Foods in the 2nd quarter worth about $67,000. Finally, KBC Group NV raised its holdings in TreeHouse Foods by 40.9% during the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after buying an additional 564 shares during the period. 99.81% of the stock is currently owned by institutional investors.

TreeHouse Foods Trading Up 1.8 %

TreeHouse Foods stock opened at $34.23 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 12 month low of $28.04 and a 12 month high of $43.84. The company’s fifty day simple moving average is $35.71 and its 200-day simple moving average is $37.94. The stock has a market cap of $1.75 billion, a P/E ratio of -72.83 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last issued its earnings results 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 during the quarter, compared to analyst estimates of $881.15 million. During the same period in the previous year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus dropped their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. StockNews.com lowered shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, December 12th. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. 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 report on Wednesday, November 13th. Finally, Truist Financial dropped their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, TreeHouse Foods currently has a consensus rating of “Hold” and an average price target of $34.20.

TreeHouse Foods 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.