MetLife Investment Management LLC Purchases 2,268 Shares of TreeHouse Foods, Inc. (NYSE:THS)

MetLife Investment Management LLC boosted its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,128 shares of the company’s stock after acquiring an additional 2,268 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of TreeHouse Foods worth $1,023,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of TreeHouse Foods by 7.0% during the 3rd quarter. Barclays PLC now owns 337,657 shares of the company’s stock valued at $14,175,000 after purchasing an additional 21,951 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after buying an additional 206,411 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new stake in shares of TreeHouse Foods in the fourth quarter worth about $216,000. Wedge Capital Management L L P NC boosted its stake in shares of TreeHouse Foods by 11.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 38,014 shares of the company’s stock worth $1,335,000 after acquiring an additional 3,812 shares in the last quarter. Finally, Roberts Wealth Advisors LLC increased its holdings in shares of TreeHouse Foods by 297.4% during the 4th quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company’s stock valued at $2,858,000 after acquiring an additional 63,804 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on THS. Barclays upped their target price on TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Stifel Nicolaus lowered their target price on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. TD Cowen cut their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Truist Financial lowered their price target on TreeHouse Foods from $30.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods currently has a consensus rating of “Hold” and a consensus price target of $30.50.

TreeHouse Foods Stock Up 2.1 %

Shares of THS opened at $23.62 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The company has a 50-day simple moving average of $25.91 and a 200-day simple moving average of $31.72. TreeHouse Foods, Inc. has a 52 week low of $21.39 and a 52 week high of $43.84. The firm has a market capitalization of $1.19 billion, a P/E ratio of 43.74 and a beta of 0.40.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. During the same period last year, the company earned $0.77 EPS. The company’s revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

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.