William Blair Investment Management LLC trimmed its stake in TreeHouse Foods, Inc. (NYSE:THS – Free Report) by 37.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 422,498 shares of the company’s stock after selling 253,986 shares during the quarter. William Blair Investment Management LLC’s holdings in TreeHouse Foods were worth $8,205,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in THS. Illinois Municipal Retirement Fund boosted its holdings in TreeHouse Foods by 2.3% in the first quarter. Illinois Municipal Retirement Fund now owns 25,462 shares of the company’s stock worth $690,000 after acquiring an additional 562 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in TreeHouse Foods by 0.7% in the first quarter. Principal Financial Group Inc. now owns 225,073 shares of the company’s stock worth $6,097,000 after acquiring an additional 1,551 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in TreeHouse Foods by 5.8% in the first quarter. Envestnet Asset Management Inc. now owns 33,324 shares of the company’s stock worth $903,000 after acquiring an additional 1,830 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in TreeHouse Foods by 70.7% in the first quarter. New York State Common Retirement Fund now owns 29,405 shares of the company’s stock worth $797,000 after acquiring an additional 12,177 shares in the last quarter. Finally, MQS Management LLC bought a new stake in TreeHouse Foods in the first quarter worth $298,000. 99.81% of the stock is owned by institutional investors.
TreeHouse Foods Stock Down 1.8%
TreeHouse Foods stock opened at $19.05 on Tuesday. The stock has a market cap of $961.92 million, a PE ratio of 48.84 and a beta of 0.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.38 and a current ratio of 1.26. TreeHouse Foods, Inc. has a one year low of $15.85 and a one year high of $41.94. The stock has a fifty day moving average of $18.51 and a 200 day moving average of $20.46.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on THS shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TreeHouse Foods in a report on Wednesday, October 8th. Stifel Nicolaus lowered their price target on TreeHouse Foods from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Mizuho lowered their price target on TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Finally, Barclays lowered their price target on TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 15th. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, TreeHouse Foods presently has a consensus rating of “Reduce” and a consensus target price of $24.00.
Read Our Latest Stock Analysis on TreeHouse Foods
TreeHouse Foods Company 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.
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