New York State Teachers Retirement System Cuts Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

New York State Teachers Retirement System trimmed its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,415 shares of the company’s stock after selling 5,723 shares during the period. New York State Teachers Retirement System’s holdings in TreeHouse Foods were worth $2,960,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JANA Partners Management LP purchased a new stake in TreeHouse Foods during the third quarter valued at about $213,877,000. Blair William & Co. IL boosted its position in TreeHouse Foods by 8.9% during the third quarter. Blair William & Co. IL now owns 441,909 shares of the company’s stock valued at $19,258,000 after buying an additional 35,946 shares during the period. Commonwealth Equity Services LLC boosted its position in TreeHouse Foods by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock valued at $319,000 after buying an additional 384 shares during the period. Centre Asset Management LLC purchased a new stake in TreeHouse Foods during the third quarter valued at about $7,739,000. Finally, Victory Capital Management Inc. boosted its position in TreeHouse Foods by 27.9% during the third quarter. Victory Capital Management Inc. now owns 385,552 shares of the company’s stock valued at $16,802,000 after buying an additional 84,135 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Truist Financial downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating and lowered their price objective for the company from $45.00 to $35.00 in a research note on Tuesday, February 20th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods has an average rating of “Hold” and a consensus target price of $46.67.

TreeHouse Foods Stock Performance

Shares of NYSE:THS opened at $36.31 on Tuesday. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 38.22 and a beta of 0.35. The company has a 50-day moving average price of $37.98 and a 200-day moving average price of $40.10. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. TreeHouse Foods, Inc. has a 12 month low of $34.76 and a 12 month high of $55.30.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Friday, February 16th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The company had revenue of $910.60 million during the quarter, compared to the consensus estimate of $924.87 million. During the same period in the prior year, the firm earned $0.98 earnings per share. TreeHouse Foods’s revenue was down 8.6% on a year-over-year basis. As a group, equities analysts anticipate that TreeHouse Foods, Inc. will post 2.22 EPS for the current year.

About TreeHouse Foods

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.