Vanguard Group Inc. Has $103.92 Million Position in TreeHouse Foods, Inc. $THS

Vanguard Group Inc. trimmed its position in TreeHouse Foods, Inc. (NYSE:THS) by 4.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,142,029 shares of the company’s stock after selling 226,430 shares during the quarter. Vanguard Group Inc. owned about 0.10% of TreeHouse Foods worth $103,920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Public Sector Pension Investment Board lifted its position in TreeHouse Foods by 11.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 173,370 shares of the company’s stock worth $3,504,000 after acquiring an additional 18,411 shares during the last quarter. Rhumbline Advisers increased its stake in shares of TreeHouse Foods by 4.1% in the third quarter. Rhumbline Advisers now owns 151,089 shares of the company’s stock worth $3,053,000 after purchasing an additional 6,014 shares during the period. Hantz Financial Services Inc. lifted its position in shares of TreeHouse Foods by 430.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,460 shares of the company’s stock worth $30,000 after purchasing an additional 1,185 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in TreeHouse Foods by 12,606.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,812 shares of the company’s stock valued at $77,000 after purchasing an additional 3,782 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its stake in TreeHouse Foods by 28.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 98,452 shares of the company’s stock valued at $1,990,000 after purchasing an additional 21,686 shares during the period. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Zacks Research upgraded TreeHouse Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. William Blair cut shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Stifel Nicolaus increased their price target on shares of TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 11th. Barclays boosted their price objective on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Finally, Truist Financial upped their price objective on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research report on Thursday, November 13th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $23.40.

Insiders Place Their Bets

In related news, Director Jana Partners Management, Lp sold 1,959,221 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $24.48, for a total transaction of $47,961,730.08. Following the completion of the transaction, the director owned 3,862,116 shares in the company, valued at $94,544,599.68. This trade represents a 33.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Silver Point Capital L.P. purchased 357,917 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was bought at an average cost of $24.54 per share, for a total transaction of $8,783,283.18. Following the purchase, the insider owned 5,408,000 shares in the company, valued at $132,712,320. This represents a 7.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 11.10% of the company’s stock.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock opened at $24.43 on Thursday. TreeHouse Foods, Inc. has a 52-week low of $15.85 and a 52-week high of $40.77. The firm has a market capitalization of $1.23 billion, a PE ratio of -5.09 and a beta of 0.18. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.29 and a quick ratio of 0.40. The company’s fifty day moving average price is $24.24 and its two-hundred day moving average price is $21.74.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.