International Assets Investment Management LLC Increases Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

International Assets Investment Management LLC grew its position in TreeHouse Foods, Inc. (NYSE:THS) by 4,045.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,389 shares of the company’s stock after buying an additional 5,259 shares during the quarter. International Assets Investment Management LLC’s holdings in TreeHouse Foods were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Centre Asset Management LLC increased its position in shares of TreeHouse Foods by 8.5% in the fourth quarter. Centre Asset Management LLC now owns 192,724 shares of the company’s stock valued at $7,988,000 after buying an additional 15,141 shares in the last quarter. Wellington Management Group LLP increased its position in shares of TreeHouse Foods by 6.5% in the third quarter. Wellington Management Group LLP now owns 1,231,391 shares of the company’s stock valued at $53,664,000 after buying an additional 75,162 shares in the last quarter. Deutsche Bank AG increased its position in TreeHouse Foods by 2.3% during the 3rd quarter. Deutsche Bank AG now owns 143,067 shares of the company’s stock worth $6,235,000 after purchasing an additional 3,151 shares in the last quarter. JANA Partners Management LP purchased a new stake in TreeHouse Foods during the 3rd quarter worth about $213,877,000. Finally, 13D Management LLC increased its position in TreeHouse Foods by 27.3% during the 3rd quarter. 13D Management LLC now owns 291,876 shares of the company’s stock worth $12,720,000 after purchasing an additional 62,646 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Analysts Set New Price Targets

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

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $35.84 on Friday. 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 $1.93 billion, a price-to-earnings ratio of 37.73 and a beta of 0.35. The business has a 50 day simple moving average of $36.98 and a 200-day simple moving average of $39.74.

TreeHouse Foods (NYSE:THS) last issued 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. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The business had revenue of $910.60 million during the quarter, compared to the consensus estimate of $924.87 million. During the same period in the previous year, the business earned $0.98 EPS. The business’s quarterly revenue was down 8.6% on a year-over-year basis. As a group, equities research analysts expect that TreeHouse Foods, Inc. will post 2.22 earnings per share for the current year.

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.