Capital Research Global Investors Increases Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Capital Research Global Investors lifted its position in shares of TreeHouse Foods, Inc. (NYSE:THS) by 52.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 950,372 shares of the company’s stock after buying an additional 327,448 shares during the quarter. Capital Research Global Investors owned approximately 1.81% of TreeHouse Foods worth $37,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in TreeHouse Foods during the 1st quarter valued at $48,000. GAMMA Investing LLC purchased a new stake in TreeHouse Foods during the 4th quarter worth about $52,000. TFO Wealth Partners LLC raised its stake in TreeHouse Foods by 78,600.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock valued at $98,000 after purchasing an additional 2,358 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in TreeHouse Foods by 62.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock valued at $102,000 after purchasing an additional 947 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of TreeHouse Foods by 33.6% during the 1st quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock worth $151,000 after purchasing an additional 975 shares during the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TreeHouse Foods

In other news, SVP Stephen Alan Landry sold 3,723 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $34.99, for a total value of $130,267.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by insiders.

TreeHouse Foods Stock Performance

NYSE THS opened at $38.74 on Friday. The business’s 50-day simple moving average is $36.65 and its 200-day simple moving average is $37.73. The firm has a market capitalization of $2.04 billion, a P/E ratio of 84.22 and a beta of 0.24. TreeHouse Foods, Inc. has a 1-year low of $33.28 and a 1-year high of $53.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.52 and a quick ratio of 0.66.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a return on equity of 5.81% and a net margin of 0.76%. The business had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $798.44 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. TreeHouse Foods’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities analysts predict that TreeHouse Foods, Inc. will post 2.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on THS. TD Cowen reduced their price objective on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th. Barclays reduced their target price on TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 8th. StockNews.com cut TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, Mizuho started coverage on shares of TreeHouse Foods in a report on Thursday, June 6th. They set a “neutral” rating and a $37.00 price objective on the stock. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.17.

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.