Redwood Investment Management LLC Grows Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Redwood Investment Management LLC lifted its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,473 shares of the company’s stock after purchasing an additional 1,032 shares during the period. Redwood Investment Management LLC’s holdings in TreeHouse Foods were worth $2,370,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. ProShare Advisors LLC lifted its position in TreeHouse Foods by 42.6% during the fourth quarter. ProShare Advisors LLC now owns 14,200 shares of the company’s stock worth $499,000 after buying an additional 4,244 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TreeHouse Foods by 2.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,838 shares of the company’s stock valued at $943,000 after acquiring an additional 696 shares in the last quarter. Forest Hill Capital LLC increased its stake in TreeHouse Foods by 40.0% during the 4th quarter. Forest Hill Capital LLC now owns 63,000 shares of the company’s stock worth $2,213,000 after buying an additional 18,000 shares during the period. Deutsche Bank AG boosted its holdings in TreeHouse Foods by 9.2% in the fourth quarter. Deutsche Bank AG now owns 158,453 shares of the company’s stock valued at $5,566,000 after purchasing an additional 13,338 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in TreeHouse Foods by 96.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 343,086 shares of the company’s stock worth $12,053,000 after purchasing an additional 168,365 shares in the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $22.15 on Thursday. The stock has a market cap of $1.12 billion, a P/E ratio of 41.02 and a beta of 0.30. TreeHouse Foods, Inc. has a twelve month low of $20.63 and a twelve month high of $43.84. The stock has a 50 day moving average of $24.54 and a two-hundred day moving average of $30.77. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on THS. Truist Financial decreased their price objective on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. TD Cowen lowered their price target on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 11th. Barclays dropped their price objective on shares of TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 8th. Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Finally, StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and an average price target of $27.83.

Insider Transactions at TreeHouse Foods

In related news, CEO Steven Oakland acquired 4,660 shares of TreeHouse Foods stock in a transaction on Thursday, May 8th. The stock was purchased at an average cost of $21.46 per share, with a total value of $100,003.60. Following the purchase, the chief executive officer now directly owns 369,521 shares in the company, valued at approximately $7,929,920.66. The trade was a 1.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jana Partners Management, Lp acquired 17,678 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $23.09 per share, with a total value of $408,185.02. Following the completion of the transaction, the director now directly owns 5,482,337 shares in the company, valued at $126,587,161.33. This trade represents a 0.32% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 147,123 shares of company stock worth $3,234,741. Company insiders own 11.10% of the company’s stock.

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.