MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 696 Shares of TreeHouse Foods, Inc. (NYSE:THS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,838 shares of the company’s stock after buying an additional 696 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of TreeHouse Foods worth $943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THS. FMR LLC boosted its stake in TreeHouse Foods by 90.5% during the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock worth $183,363,000 after acquiring an additional 2,479,495 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of TreeHouse Foods during the fourth quarter valued at approximately $10,362,000. Kestrel Investment Management Corp bought a new stake in shares of TreeHouse Foods in the 4th quarter worth approximately $6,058,000. D. E. Shaw & Co. Inc. grew its stake in shares of TreeHouse Foods by 96.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 343,086 shares of the company’s stock worth $12,053,000 after buying an additional 168,365 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of TreeHouse Foods in the 4th quarter worth approximately $5,366,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

THS has been the topic of several analyst reports. Jefferies Financial Group dropped their target price on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Wall Street Zen upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Truist Financial dropped their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th. Barclays cut their price target on shares of TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Finally, Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.83.

TreeHouse Foods Price Performance

THS opened at $22.00 on Tuesday. The company’s 50-day simple moving average is $23.60 and its two-hundred day simple moving average is $29.87. TreeHouse Foods, Inc. has a 52-week low of $20.63 and a 52-week high of $43.84. The stock has a market capitalization of $1.11 billion, a P/E ratio of 40.75 and a beta of 0.30. 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 (NYSE:THS) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The company had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.66 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, analysts predict that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Insiders Place Their Bets

In other TreeHouse Foods news, Director Jana Partners Management, Lp acquired 124,785 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was purchased at an average price of $21.85 per share, with a total value of $2,726,552.25. Following the transaction, the director now directly owns 5,040,533 shares in the company, valued at approximately $110,135,646.05. The trade was a 2.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven Oakland acquired 4,660 shares of TreeHouse Foods stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $21.46 per share, with a total value of $100,003.60. Following the completion of the purchase, the chief executive officer now directly owns 369,521 shares in the company, valued at $7,929,920.66. This represents a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 147,123 shares of company stock valued at $3,234,741. Insiders own 11.10% of the company’s stock.

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.