TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by Comerica Bank

Comerica Bank cut its holdings in TreeHouse Foods, Inc. (NYSE:THSGet Rating) by 70.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,789 shares of the company’s stock after selling 114,547 shares during the period. Comerica Bank’s holdings in TreeHouse Foods were worth $1,632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its holdings in shares of TreeHouse Foods by 162.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 36,349 shares of the company’s stock valued at $1,173,000 after purchasing an additional 22,509 shares during the last quarter. Strs Ohio lifted its stake in TreeHouse Foods by 11.1% in the first quarter. Strs Ohio now owns 31,000 shares of the company’s stock valued at $1,000,000 after buying an additional 3,100 shares during the last quarter. Ellevest Inc. lifted its stake in TreeHouse Foods by 62.2% in the first quarter. Ellevest Inc. now owns 965 shares of the company’s stock valued at $31,000 after buying an additional 370 shares during the last quarter. Everence Capital Management Inc. boosted its holdings in shares of TreeHouse Foods by 50.2% in the first quarter. Everence Capital Management Inc. now owns 9,670 shares of the company’s stock valued at $312,000 after acquiring an additional 3,230 shares during the period. Finally, Humankind Investments LLC grew its position in shares of TreeHouse Foods by 8.0% during the fourth quarter. Humankind Investments LLC now owns 5,465 shares of the company’s stock worth $221,000 after acquiring an additional 404 shares during the last quarter.

TreeHouse Foods Price Performance

Shares of NYSE:THS opened at $44.50 on Tuesday. TreeHouse Foods, Inc. has a 52 week low of $29.47 and a 52 week high of $46.39. The company has a 50-day moving average price of $40.99 and a 200 day moving average price of $37.79. The company has a market cap of $2.49 billion, a P/E ratio of -148.33 and a beta of 0.40. The company has a quick ratio of 0.49, a current ratio of 1.18 and a debt-to-equity ratio of 1.02.

TreeHouse Foods (NYSE:THSGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.55) by $0.40. TreeHouse Foods had a positive return on equity of 2.03% and a negative net margin of 0.39%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $0.36 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts predict that TreeHouse Foods, Inc. will post 1.32 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com started coverage on shares of TreeHouse Foods in a research report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet upgraded TreeHouse Foods from a “d+” rating to a “c-” rating in a research note on Tuesday, May 24th. Finally, Truist Financial upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $50.00 in a research report on Monday, May 23rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

TreeHouse Foods Company Profile

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TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. It operates through two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.

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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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