State Street Corp Sells 39,696 Shares of TreeHouse Foods, Inc. (NYSE:THS)

State Street Corp trimmed its position in TreeHouse Foods, Inc. (NYSE:THS) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,850,857 shares of the company’s stock after selling 39,696 shares during the quarter. State Street Corp’s holdings in TreeHouse Foods were worth $77,699,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares during the period. Pullen Investment Management LLC boosted its position in shares of TreeHouse Foods by 2.0% during the 2nd quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock valued at $776,000 after acquiring an additional 408 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of TreeHouse Foods by 4.7% during the third quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after purchasing an additional 481 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of TreeHouse Foods by 5.8% in the third quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock worth $381,000 after purchasing an additional 499 shares during the last quarter. Finally, KBC Group NV raised its stake in TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares in the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on THS. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. StockNews.com downgraded TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, December 12th. Truist Financial cut their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Stifel Nicolaus reduced their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Barclays dropped their target price on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” 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 issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Stock Down 1.0 %

THS opened at $34.00 on Wednesday. The company has a market cap of $1.74 billion, a P/E ratio of -72.34 and a beta of 0.23. TreeHouse Foods, Inc. has a 12 month low of $28.04 and a 12 month high of $43.84. The business’s 50-day moving average price is $36.43 and its 200-day moving average price is $38.05. 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 (NYSE:THS) last issued its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same quarter in the prior year, the business posted $0.57 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts expect that TreeHouse Foods, Inc. will post 1.96 EPS 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.