Swiss National Bank Lowers Stake in TreeHouse Foods, Inc. (NYSE:THS)

Swiss National Bank lessened its position in shares of TreeHouse Foods, Inc. (NYSE:THS) by 10.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,951 shares of the company’s stock after selling 12,900 shares during the period. Swiss National Bank owned approximately 0.19% of TreeHouse Foods worth $5,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC grew its position in TreeHouse Foods by 5.0% during the first quarter. Verdence Capital Advisors LLC now owns 6,221 shares of the company’s stock valued at $314,000 after acquiring an additional 298 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in TreeHouse Foods by 1.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,242 shares of the company’s stock valued at $1,122,000 after acquiring an additional 342 shares during the period. Diversified Trust Co grew its position in TreeHouse Foods by 3.9% during the first quarter. Diversified Trust Co now owns 9,643 shares of the company’s stock valued at $486,000 after acquiring an additional 361 shares during the period. Arizona State Retirement System grew its position in TreeHouse Foods by 2.8% during the first quarter. Arizona State Retirement System now owns 14,625 shares of the company’s stock valued at $738,000 after acquiring an additional 393 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of TreeHouse Foods by 32.9% during the first quarter. Federated Hermes Inc. now owns 1,907 shares of the company’s stock worth $96,000 after purchasing an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 99.55% of the company’s stock.

Insider Activity at TreeHouse Foods

In related news, Director Mark Hunter sold 7,828 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $52.41, for a total value of $410,265.48. Following the sale, the director now directly owns 4,567 shares in the company, valued at approximately $239,356.47. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.93% of the stock is owned by insiders.

TreeHouse Foods Stock Up 2.3 %

Shares of TreeHouse Foods stock opened at $46.38 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.29 and a debt-to-equity ratio of 0.92. The business’s 50 day simple moving average is $49.62 and its 200-day simple moving average is $49.95. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -34.61 and a beta of 0.45. TreeHouse Foods, Inc. has a twelve month low of $40.56 and a twelve month high of $55.30.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Monday, August 7th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $843.60 million for the quarter, compared to analysts’ expectations of $831.84 million. TreeHouse Foods had a positive return on equity of 7.49% and a negative net margin of 2.09%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. Equities research analysts forecast that TreeHouse Foods, Inc. will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. TheStreet cut TreeHouse Foods from a “b-” rating to a “c” rating in a research note on Thursday, August 24th. StockNews.com assumed coverage on TreeHouse Foods in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Stifel Nicolaus reduced their price objective on TreeHouse Foods from $56.00 to $52.00 and set a “hold” rating on the stock in a research note on Tuesday, August 8th. UBS Group boosted their price objective on TreeHouse Foods from $60.00 to $64.00 in a research note on Tuesday, May 9th. Finally, Barclays cut their price target on TreeHouse Foods from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 20th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, TreeHouse Foods currently has a consensus rating of “Hold” and a consensus target price of $57.00.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. The company provides snacking product, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, snack bars, and unique candy; and beverage and drink mix, including non-dairy creamer, single serve beverages, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.