TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in TreeHouse Foods, Inc. (NYSE:THS) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,034 shares of the company’s stock after selling 1,155 shares during the quarter. State of Alaska Department of Revenue’s holdings in TreeHouse Foods were worth $678,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC grew its position in shares of TreeHouse Foods by 40.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 59,473 shares of the company’s stock worth $1,611,000 after acquiring an additional 17,212 shares in the last quarter. Pullen Investment Management LLC lifted its holdings in shares of TreeHouse Foods by 13.5% in the 1st quarter. Pullen Investment Management LLC now owns 50,675 shares of the company’s stock worth $1,373,000 after purchasing an additional 6,029 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of TreeHouse Foods by 44.1% in the 1st quarter. Wedge Capital Management L L P NC now owns 54,765 shares of the company’s stock worth $1,484,000 after purchasing an additional 16,751 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of TreeHouse Foods by 1,328.7% in the 1st quarter. GAMMA Investing LLC now owns 9,644 shares of the company’s stock worth $261,000 after purchasing an additional 8,969 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of TreeHouse Foods by 10.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,296 shares of the company’s stock worth $4,121,000 after purchasing an additional 10,746 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Stock Down 1.1%

THS opened at $19.55 on Friday. TreeHouse Foods, Inc. has a 12 month low of $19.36 and a 12 month high of $43.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.27. The stock has a market cap of $987.12 million, a P/E ratio of 150.37 and a beta of 0.28. The stock’s 50 day moving average price is $22.05 and its 200 day moving average price is $27.79.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a return on equity of 6.73% and a net margin of 0.20%. The firm had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $789.66 million. During the same period last year, the firm earned ($0.03) EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. As a group, research analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

THS has been the topic of several recent research reports. Stifel Nicolaus cut their price target on TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. 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 report on Friday, April 11th. Barclays cut their price target on 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, Truist Financial cut their price target on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods has an average rating of “Hold” and an average target price of $27.83.

Insider Activity

In related news, Director Jana Partners Management, Lp bought 17,678 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $23.09 per share, for a total transaction of $408,185.02. Following the acquisition, the director now directly owns 5,482,337 shares of the company’s stock, valued at $126,587,161.33. The trade was a 0.32% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Steven Oakland bought 4,660 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the acquisition, the chief executive officer now directly owns 369,521 shares in the company, valued at approximately $7,929,920.66. The trade was a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 147,123 shares of company stock worth $3,234,741. 11.10% of the stock is owned by company insiders.

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.