Wellington Management Group LLP Cuts Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

Wellington Management Group LLP lowered its stake in TreeHouse Foods, Inc. (NYSE:THS) by 55.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 547,977 shares of the company’s stock after selling 683,414 shares during the period. Wellington Management Group LLP owned 1.01% of TreeHouse Foods worth $22,714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in TreeHouse Foods by 3.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 649,088 shares of the company’s stock valued at $26,905,000 after purchasing an additional 23,212 shares during the last quarter. Redwood Investment Management LLC boosted its stake in TreeHouse Foods by 6.0% during the 4th quarter. Redwood Investment Management LLC now owns 77,828 shares of the company’s stock valued at $3,226,000 after purchasing an additional 4,387 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of TreeHouse Foods in the 4th quarter worth $803,000. Gabelli Funds LLC boosted its stake in shares of TreeHouse Foods by 11.8% in the 4th quarter. Gabelli Funds LLC now owns 128,725 shares of the company’s stock worth $5,336,000 after buying an additional 13,575 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of TreeHouse Foods by 31.5% in the 4th quarter. Capital Research Global Investors now owns 622,924 shares of the company’s stock worth $25,820,000 after buying an additional 149,268 shares during the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Stephen Alan Landry sold 3,723 shares of TreeHouse Foods stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $34.99, for a total value of $130,267.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on THS. Mizuho began coverage on TreeHouse Foods in a research note on Thursday, June 6th. They issued a “neutral” rating and a $37.00 price target on the stock. Stifel Nicolaus dropped their price target on TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. StockNews.com downgraded TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. TD Cowen dropped their price target on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Finally, Barclays decreased their target price on TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $38.17.

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock opened at $36.76 on Wednesday. The stock has a market cap of $1.93 billion, a P/E ratio of 79.91 and a beta of 0.25. TreeHouse Foods, Inc. has a one year low of $33.28 and a one year high of $53.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.66 and a current ratio of 1.52. The stock’s fifty day moving average is $35.96 and its 200 day moving average is $38.28.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $820.70 million during the quarter, compared to analysts’ expectations of $798.44 million. TreeHouse Foods had a return on equity of 5.81% and a net margin of 0.76%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. Sell-side analysts anticipate that TreeHouse Foods, Inc. will post 2.26 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.