Intech Investment Management LLC Makes New $522,000 Investment in TreeHouse Foods, Inc. (NYSE:THS)

Intech Investment Management LLC acquired a new position in TreeHouse Foods, Inc. (NYSE:THS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,434 shares of the company’s stock, valued at approximately $522,000.

A number of other institutional investors have also recently bought and sold shares of the business. Signaturefd LLC raised 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 during the period. Pullen Investment Management LLC boosted its holdings in shares of TreeHouse Foods by 2.0% during the second quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock worth $776,000 after purchasing an additional 408 shares during the period. Verdence Capital Advisors LLC grew its position in shares of TreeHouse Foods by 5.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock worth $381,000 after buying an additional 499 shares during the last quarter. KBC Group NV lifted its position in shares of TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after purchasing an additional 564 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of TreeHouse Foods by 2.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 36,945 shares of the company’s stock worth $1,354,000 after acquiring an additional 846 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

Analyst Ratings Changes

THS has been the topic of a number of analyst reports. Truist Financial dropped their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Mizuho increased their target price on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. StockNews.com downgraded shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. Stifel Nicolaus reduced their price objective 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, November 13th. Finally, Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. 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 company currently has a consensus rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Performance

Shares of THS opened at $34.34 on Monday. TreeHouse Foods, Inc. has a 12 month low of $28.04 and a 12 month high of $43.84. The firm has a market cap of $1.76 billion, a PE ratio of -73.06 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. The stock has a fifty day moving average price of $37.98 and a 200-day moving average price of $38.13.

TreeHouse Foods (NYSE:THS) last posted 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). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. During the same period in the previous year, the company posted $0.57 earnings per share. TreeHouse Foods’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts predict that TreeHouse Foods, Inc. will post 2.08 earnings per share for the current fiscal 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.