TreeHouse Foods, Inc. (NYSE:THS) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in shares of TreeHouse Foods, Inc. (NYSE:THS) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,992 shares of the company’s stock after buying an additional 1,750 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in TreeHouse Foods were worth $994,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in TreeHouse Foods by 4,045.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,389 shares of the company’s stock worth $223,000 after purchasing an additional 5,259 shares in the last quarter. Centre Asset Management LLC grew its position in shares of TreeHouse Foods by 8.5% during the fourth quarter. Centre Asset Management LLC now owns 192,724 shares of the company’s stock worth $7,988,000 after buying an additional 15,141 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of TreeHouse Foods by 6.5% during the third quarter. Wellington Management Group LLP now owns 1,231,391 shares of the company’s stock worth $53,664,000 after buying an additional 75,162 shares during the period. Deutsche Bank AG raised its holdings in TreeHouse Foods by 2.3% in the third quarter. Deutsche Bank AG now owns 143,067 shares of the company’s stock valued at $6,235,000 after acquiring an additional 3,151 shares in the last quarter. Finally, JANA Partners Management LP purchased a new position in TreeHouse Foods in the third quarter worth approximately $213,877,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Stock Up 0.1 %

Shares of NYSE:THS opened at $36.69 on Wednesday. The firm has a 50 day simple moving average of $37.33 and a 200-day simple moving average of $39.86. TreeHouse Foods, Inc. has a twelve month low of $34.76 and a twelve month high of $55.30. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.98 billion, a PE ratio of 38.62 and a beta of 0.35.

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

Analysts Set New Price Targets

Separately, Truist Financial lowered TreeHouse Foods from a “buy” rating to a “hold” rating and dropped their target price for the company from $45.00 to $35.00 in a report on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.67.

TreeHouse Foods Company 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.