Geode Capital Management LLC Has $37.61 Million Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

Geode Capital Management LLC cut its stake in TreeHouse Foods, Inc. (NYSE:THS) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,070,233 shares of the company’s stock after selling 18,097 shares during the period. Geode Capital Management LLC owned about 2.09% of TreeHouse Foods worth $37,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of THS. KBC Group NV increased its holdings in TreeHouse Foods by 45.1% during the 4th quarter. KBC Group NV now owns 2,820 shares of the company’s stock valued at $99,000 after purchasing an additional 877 shares in the last quarter. Blue Trust Inc. lifted its position in TreeHouse Foods by 456.7% during the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after buying an additional 918 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in TreeHouse Foods by 58.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock worth $142,000 after acquiring an additional 1,508 shares during the last quarter. Exchange Traded Concepts LLC increased its position in TreeHouse Foods by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 42,261 shares of the company’s stock valued at $1,485,000 after acquiring an additional 1,734 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of TreeHouse Foods by 3.0% in the fourth quarter. American Century Companies Inc. now owns 60,763 shares of the company’s stock worth $2,135,000 after acquiring an additional 1,746 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on THS. Jefferies Financial Group reduced their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Barclays raised their price objective on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. Stifel Nicolaus lowered their target price on shares of TreeHouse Foods from $35.00 to $26.00 and set a “hold” rating for the company in a report on Friday, April 11th. TD Cowen cut their price target on TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods has a consensus rating of “Hold” and a consensus target price of $31.67.

TreeHouse Foods Stock Performance

NYSE THS opened at $22.30 on Wednesday. The firm’s fifty day moving average price is $28.42 and its two-hundred day moving average price is $33.30. The stock has a market cap of $1.12 billion, a PE ratio of 41.29 and a beta of 0.40. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. TreeHouse Foods, Inc. has a fifty-two week low of $21.46 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). The business had revenue of $905.70 million for the quarter, compared to the consensus estimate of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. TreeHouse Foods’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 EPS. On average, equities analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS 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.