Louisiana State Employees Retirement System Makes New $1.05 Million Investment in TreeHouse Foods, Inc. (NYSE:THS)

Louisiana State Employees Retirement System bought a new position in shares of TreeHouse Foods, Inc. (NYSE:THS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,200 shares of the company’s stock, valued at approximately $1,045,000.

Other large investors also recently modified their holdings of the company. JANA Partners Management LP bought a new position in shares of TreeHouse Foods in the third quarter valued at approximately $213,877,000. Blair William & Co. IL boosted its position in shares of TreeHouse Foods by 8.9% in the third quarter. Blair William & Co. IL now owns 441,909 shares of the company’s stock valued at $19,258,000 after acquiring an additional 35,946 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of TreeHouse Foods by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock valued at $319,000 after acquiring an additional 384 shares during the period. Victory Capital Management Inc. boosted its position in shares of TreeHouse Foods by 27.9% in the third quarter. Victory Capital Management Inc. now owns 385,552 shares of the company’s stock valued at $16,802,000 after acquiring an additional 84,135 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of TreeHouse Foods in the third quarter valued at approximately $2,080,000. 99.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating and cut their price objective for the company from $45.00 to $35.00 in a research report on Tuesday, February 20th. Six analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods has an average rating of “Hold” and an average target price of $46.67.

TreeHouse Foods Trading Up 0.1 %

Shares of THS opened at $36.73 on Thursday. The firm’s 50 day simple moving average is $37.23 and its 200 day simple moving average is $39.83. The company has a market capitalization of $1.98 billion, a P/E ratio of 38.68 and a beta of 0.35. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74. TreeHouse Foods, Inc. has a 1-year low of $34.76 and a 1-year high of $55.30.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.71 by $0.06. The firm had revenue of $910.60 million for the quarter, compared to the consensus estimate of $924.87 million. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The business’s revenue was down 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Sell-side analysts forecast that TreeHouse Foods, Inc. will post 2.22 earnings per share for the current fiscal year.

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.