Dimensional Fund Advisors LP lessened its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,933,895 shares of the company’s stock after selling 12,517 shares during the quarter. Dimensional Fund Advisors LP’s holdings in TreeHouse Foods were worth $82,170,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in TreeHouse Foods by 16.1% during the 4th quarter. Principal Financial Group Inc. now owns 228,960 shares of the company’s stock valued at $9,729,000 after buying an additional 31,707 shares in the last quarter. Aristotle Capital Boston LLC grew its holdings in shares of TreeHouse Foods by 9.2% during the fourth quarter. Aristotle Capital Boston LLC now owns 893,229 shares of the company’s stock worth $37,953,000 after purchasing an additional 74,909 shares in the last quarter. Strategic Wealth Partners Ltd. purchased a new position in shares of TreeHouse Foods during the fourth quarter worth about $315,000. S&T Bank grew its holdings in shares of TreeHouse Foods by 1.2% during the fourth quarter. S&T Bank now owns 191,424 shares of the company’s stock worth $8,134,000 after purchasing an additional 2,330 shares in the last quarter. Finally, Lakewood Capital Management LP purchased a new position in shares of TreeHouse Foods during the fourth quarter worth about $13,809,000.
Shares of THS stock opened at $51.46 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.96 and a current ratio of 1.69. TreeHouse Foods, Inc. has a fifty-two week low of $35.15 and a fifty-two week high of $55.50. The stock has a 50 day moving average price of $52.48 and a two-hundred day moving average price of $44.22. The company has a market capitalization of $2.88 billion, a P/E ratio of -514.60, a PEG ratio of 2.08 and a beta of 0.61.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, February 11th. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. TreeHouse Foods had a positive return on equity of 8.63% and a negative net margin of 0.12%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities analysts predict that TreeHouse Foods, Inc. will post 2.73 earnings per share for the current year.
THS has been the subject of several recent analyst reports. Truist lowered TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Friday, February 12th. JPMorgan Chase & Co. reissued a “hold” rating and set a $48.00 price objective on shares of TreeHouse Foods in a report on Sunday, March 14th. Credit Suisse Group lowered TreeHouse Foods from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $48.00 to $52.00 in a report on Friday, February 12th. Barclays boosted their target price on TreeHouse Foods from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 15th. Finally, Bank of America downgraded TreeHouse Foods from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Friday, February 12th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $52.10.
In other news, SVP Clifford Braun sold 2,560 shares of the business’s stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $52.55, for a total transaction of $134,528.00. Following the transaction, the senior vice president now directly owns 5,171 shares of the company’s stock, valued at $271,736.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company’s stock.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc manufactures and distributes private label packaged foods and beverages in the United States and internationally. It operates in two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.
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