TreeHouse Foods, Inc. (NYSE:THS) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 868,451 shares of the company’s stock after purchasing an additional 14,297 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.65% of TreeHouse Foods worth $36,458,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in THS. Intech Investment Management LLC acquired a new position in shares of TreeHouse Foods during the 3rd quarter worth about $522,000. Quest Partners LLC lifted its position in shares of TreeHouse Foods by 198.1% during the third quarter. Quest Partners LLC now owns 10,098 shares of the company’s stock worth $424,000 after purchasing an additional 6,711 shares in the last quarter. Natixis Advisors LLC raised its holdings in TreeHouse Foods by 3.9% during the 3rd quarter. Natixis Advisors LLC now owns 86,010 shares of the company’s stock worth $3,611,000 after purchasing an additional 3,262 shares during the last quarter. KBC Group NV increased its stake in shares of TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after acquiring an additional 564 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of TreeHouse Foods in the 3rd quarter valued at $218,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on THS shares. Mizuho raised their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Barclays dropped their target price on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Truist Financial dropped their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus lowered their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, TreeHouse Foods has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock opened at $35.08 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.80 billion, a PE ratio of -74.64 and a beta of 0.23. The company has a 50 day moving average of $37.85 and a 200-day moving average of $38.15. TreeHouse Foods, Inc. has a 1-year low of $28.04 and a 1-year high of $43.84.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. TreeHouse Foods’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. As a group, equities research analysts forecast that TreeHouse Foods, Inc. will post 2.08 earnings per share for the current fiscal 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.