Forest Hill Capital LLC Acquires 18,000 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Forest Hill Capital LLC boosted its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 40.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,000 shares of the company’s stock after buying an additional 18,000 shares during the quarter. TreeHouse Foods makes up about 1.7% of Forest Hill Capital LLC’s investment portfolio, making the stock its 20th largest holding. Forest Hill Capital LLC owned approximately 0.12% of TreeHouse Foods worth $2,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in THS. Blue Trust Inc. grew its position in shares of TreeHouse Foods by 456.7% during the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after acquiring an additional 918 shares during the period. Sterling Capital Management LLC lifted its position in TreeHouse Foods by 134.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock valued at $83,000 after purchasing an additional 1,361 shares in the last quarter. KBC Group NV grew its holdings in TreeHouse Foods by 45.1% during the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock valued at $99,000 after purchasing an additional 877 shares during the period. CIBC Private Wealth Group LLC increased its position in TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock worth $142,000 after buying an additional 1,508 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC bought a new position in shares of TreeHouse Foods in the fourth quarter worth about $216,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

THS has been the topic of several analyst reports. Truist Financial lowered their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday. Jefferies Financial Group lowered their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus cut their price target on TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Barclays lowered their price objective on TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods presently has a consensus rating of “Hold” and an average target price of $27.83.

TreeHouse Foods Stock Up 2.8 %

THS opened at $22.61 on Friday. TreeHouse Foods, Inc. has a 52 week low of $20.63 and a 52 week high of $43.84. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The firm has a 50-day simple moving average of $25.02 and a two-hundred day simple moving average of $31.08. The company has a market capitalization of $1.14 billion, a PE ratio of 41.87 and a beta of 0.30.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.24. The business had revenue of $792.00 million during the quarter, compared to analysts’ expectations of $789.66 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) EPS. Analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Steven Oakland purchased 4,660 shares of the company’s stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the transaction, the chief executive officer now owns 369,521 shares in the company, valued at approximately $7,929,920.66. The trade was a 1.28 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 11.10% of the stock is currently owned by company insiders.

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.