KBC Group NV Has $82,000 Position in TreeHouse Foods, Inc. (NYSE:THS)

KBC Group NV grew its position in TreeHouse Foods, Inc. (NYSE:THS) by 40.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,943 shares of the company’s stock after purchasing an additional 564 shares during the period. KBC Group NV’s holdings in TreeHouse Foods were worth $82,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in THS. Capital Research Global Investors boosted its position in TreeHouse Foods by 52.6% in the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after buying an additional 327,448 shares in the last quarter. Shapiro Capital Management LLC raised its stake in shares of TreeHouse Foods by 22.0% in the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after acquiring an additional 286,770 shares during the last quarter. New South Capital Management Inc. boosted its holdings in shares of TreeHouse Foods by 22.4% in the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock worth $50,217,000 after acquiring an additional 250,399 shares in the last quarter. Chartwell Investment Partners LLC bought a new stake in TreeHouse Foods during the 3rd quarter worth approximately $8,042,000. Finally, Harbor Capital Advisors Inc. increased its holdings in TreeHouse Foods by 382.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 181,300 shares of the company’s stock valued at $6,643,000 after purchasing an additional 143,739 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

Insider Activity at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the transaction, the executive vice president now directly owns 20,784 shares in the company, valued at approximately $879,994.56. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on THS shares. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Mizuho raised their price objective on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Truist Financial dropped their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Finally, Barclays decreased 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 note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Performance

TreeHouse Foods stock opened at $35.54 on Friday. The company has a market cap of $1.82 billion, a PE ratio of -76.19 and a beta of 0.23. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 1 year low of $28.04 and a 1 year high of $43.84. The company’s 50-day moving average is $38.90 and its two-hundred day moving average is $38.11.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business 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%. TreeHouse Foods’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. Equities analysts anticipate that TreeHouse Foods, Inc. will post 2.08 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.