State of New Jersey Common Pension Fund D Sells 4,033 Shares of TreeHouse Foods, Inc. (NYSE:THS)

State of New Jersey Common Pension Fund D lowered its position in TreeHouse Foods, Inc. (NYSE:THS) by 7.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,936 shares of the company’s stock after selling 4,033 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.09% of TreeHouse Foods worth $2,012,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of THS. SG Americas Securities LLC lifted its position in TreeHouse Foods by 33.6% in the first quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock worth $151,000 after purchasing an additional 975 shares during the period. ProShare Advisors LLC increased its stake in TreeHouse Foods by 6.0% in the first quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock valued at $398,000 after acquiring an additional 579 shares during the period. State Board of Administration of Florida Retirement System raised its position in TreeHouse Foods by 26.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,527 shares of the company’s stock worth $722,000 after purchasing an additional 3,820 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in TreeHouse Foods in the first quarter worth about $484,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in TreeHouse Foods by 8.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 45,004 shares of the company’s stock worth $1,754,000 after purchasing an additional 3,549 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $42.34, for a total value of $127,020.00. Following the transaction, the executive vice president now owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial dropped their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Barclays reduced their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Stifel Nicolaus cut their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Mizuho increased their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Price Performance

THS opened at $32.41 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.52. The stock has a market capitalization of $1.66 billion, a P/E ratio of -68.96 and a beta of 0.23. The company’s 50 day simple moving average is $39.50 and its 200-day simple moving average is $38.22. TreeHouse Foods, Inc. has a one year low of $28.04 and a one year high of $43.84.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 earnings per share. Sell-side analysts anticipate that TreeHouse Foods, Inc. will post 2.34 earnings per share for the current fiscal 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.