Macquarie Group Ltd. Reduces Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Macquarie Group Ltd. reduced its stake in TreeHouse Foods, Inc. (NYSE:THS) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,251 shares of the company’s stock after selling 522 shares during the period. Macquarie Group Ltd. owned 0.08% of TreeHouse Foods worth $2,181,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Toroso Investments LLC purchased a new position in TreeHouse Foods in the first quarter valued at approximately $562,000. Ameriprise Financial Inc. increased its stake in TreeHouse Foods by 2.0% in the first quarter. Ameriprise Financial Inc. now owns 786,130 shares of the company’s stock valued at $39,645,000 after purchasing an additional 15,109 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of TreeHouse Foods by 49.6% during the first quarter. JPMorgan Chase & Co. now owns 154,351 shares of the company’s stock worth $7,783,000 after acquiring an additional 51,172 shares during the last quarter. Hudson Bay Capital Management LP grew its position in shares of TreeHouse Foods by 2.6% during the first quarter. Hudson Bay Capital Management LP now owns 110,538 shares of the company’s stock worth $5,574,000 after acquiring an additional 2,840 shares during the last quarter. Finally, State Street Corp grew its position in shares of TreeHouse Foods by 1.9% during the first quarter. State Street Corp now owns 1,895,950 shares of the company’s stock worth $95,613,000 after acquiring an additional 35,385 shares during the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. TheStreet lowered shares of TreeHouse Foods from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. StockNews.com assumed coverage on shares of TreeHouse Foods in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Barclays lowered their target price on shares of TreeHouse Foods from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 20th. Stifel Nicolaus lowered their target price on shares of TreeHouse Foods from $56.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, August 8th. Finally, TD Cowen assumed coverage on shares of TreeHouse Foods in a research report on Wednesday, September 13th. They issued a “market perform” rating and a $45.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $54.00.

TreeHouse Foods Stock Performance

NYSE:THS opened at $47.79 on Tuesday. The firm’s fifty day moving average price is $48.16 and its 200 day moving average price is $49.67. TreeHouse Foods, Inc. has a 1-year low of $40.56 and a 1-year high of $55.30. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.26 and a quick ratio of 0.29. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -35.66 and a beta of 0.46.

TreeHouse Foods (NYSE:THS) last released its earnings results on Monday, August 7th. The company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. TreeHouse Foods had a positive return on equity of 7.49% and a negative net margin of 2.09%. The company had revenue of $843.60 million during the quarter, compared to the consensus estimate of $831.84 million. During the same quarter last year, the company earned ($0.04) earnings per share. TreeHouse Foods’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, sell-side analysts expect that TreeHouse Foods, Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling at TreeHouse Foods

In other TreeHouse Foods news, Director Jana Partners Llc bought 87,900 shares of TreeHouse Foods stock in a transaction on Wednesday, September 6th. The stock was bought at an average price of $44.49 per share, with a total value of $3,910,671.00. Following the completion of the acquisition, the director now owns 4,883,314 shares in the company, valued at $217,258,639.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jana Partners Llc purchased 87,900 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average price of $44.49 per share, with a total value of $3,910,671.00. Following the purchase, the director now directly owns 4,883,314 shares of the company’s stock, valued at approximately $217,258,639.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark Hunter sold 7,828 shares of TreeHouse Foods stock in a transaction 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 transaction, the director now directly owns 4,567 shares of the company’s stock, valued at approximately $239,356.47. The disclosure for this sale can be found here. 0.93% of the stock is owned by corporate insiders.

TreeHouse Foods Profile

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.