Charles Schwab Investment Management Inc. Purchases 14,297 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Charles Schwab Investment Management Inc. grew its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 1.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 868,451 shares of the company’s stock after acquiring an additional 14,297 shares during the period. Charles Schwab Investment Management Inc.’s holdings in TreeHouse Foods were worth $36,458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in shares of TreeHouse Foods in the 2nd quarter valued at about $37,000. Signaturefd LLC raised its stake in 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. Innealta Capital LLC bought a new stake in TreeHouse Foods during the second quarter valued at approximately $44,000. GAMMA Investing LLC raised its position in shares of TreeHouse Foods by 304.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after buying an additional 972 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in TreeHouse Foods in the second quarter worth $67,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock opened at $35.08 on Tuesday. The company has a market cap of $1.80 billion, a PE ratio of -74.64 and a beta of 0.23. The business has a 50 day moving average of $37.85 and a 200 day moving average of $38.15. TreeHouse Foods, Inc. has a 52 week low of $28.04 and a 52 week high of $43.84. 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 announced its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same period in the previous year, the firm posted $0.57 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities research analysts forecast that TreeHouse Foods, Inc. will post 2.08 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on THS shares. Mizuho increased their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Stifel Nicolaus lowered their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Truist Financial reduced 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. Barclays decreased their target price 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. Finally, StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.20.

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.