Bridgewater Associates LP Reduces Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

Bridgewater Associates LP cut its stake in TreeHouse Foods, Inc. (NYSE:THS) by 35.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,731 shares of the company’s stock after selling 18,084 shares during the period. Bridgewater Associates LP owned approximately 0.06% of TreeHouse Foods worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Signaturefd LLC grew its position in shares of TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of TreeHouse Foods in the second quarter valued at approximately $37,000. Innealta Capital LLC purchased a new stake in shares of TreeHouse Foods in the second quarter valued at approximately $44,000. GAMMA Investing LLC grew its position in TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after acquiring an additional 972 shares during the period. Finally, Rothschild Investment LLC purchased a new position in TreeHouse Foods in the second quarter worth approximately $67,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Mizuho increased their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Truist Financial lowered their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. StockNews.com lowered TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Finally, Stifel Nicolaus lowered their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Trading Down 1.0 %

THS opened at $34.34 on Monday. TreeHouse Foods, Inc. has a 52 week low of $28.04 and a 52 week high of $43.84. The business has a fifty day simple moving average of $37.98 and a 200-day simple moving average of $38.13. The firm has a market cap of $1.76 billion, a P/E ratio of -73.06 and a beta of 0.23. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The firm had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, equities analysts expect that TreeHouse Foods, Inc. will post 2.08 earnings per share for the current year.

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.