Principal Financial Group Inc. Acquires 1,551 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Principal Financial Group Inc. raised its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 225,073 shares of the company’s stock after purchasing an additional 1,551 shares during the period. Principal Financial Group Inc. owned approximately 0.45% of TreeHouse Foods worth $6,097,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of THS. Sterling Capital Management LLC raised its position in shares of TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock valued at $83,000 after buying an additional 1,361 shares in the last quarter. CIBC Private Wealth Group LLC increased its position 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 purchasing an additional 1,508 shares in the last quarter. Vident Advisory LLC acquired a new position in TreeHouse Foods during the 4th quarter worth approximately $223,000. New Age Alpha Advisors LLC acquired a new position in TreeHouse Foods during the 4th quarter worth approximately $249,000. Finally, Bank of Montreal Can increased its position in TreeHouse Foods by 9.6% during the 4th quarter. Bank of Montreal Can now owns 7,740 shares of the company’s stock worth $272,000 after purchasing an additional 681 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

Analyst Upgrades and Downgrades

THS has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Truist Financial reduced their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, May 8th. TD Cowen reduced their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 11th. Finally, Barclays reduced their target price on shares of TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $27.17.

Insider Transactions at TreeHouse Foods

In other TreeHouse Foods news, Director Jana Partners Management, Lp bought 17,678 shares of TreeHouse Foods stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $23.09 per share, for a total transaction of $408,185.02. Following the completion of the purchase, the director directly owned 5,482,337 shares of the company’s stock, valued at approximately $126,587,161.33. This trade represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Steven Oakland bought 4,660 shares of TreeHouse Foods stock in a transaction dated Thursday, May 8th. The stock was acquired at an average price of $21.46 per share, with a total value of $100,003.60. Following the purchase, the chief executive officer directly owned 369,521 shares of the company’s stock, valued at approximately $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. Insiders have purchased 147,123 shares of company stock valued at $3,234,741 in the last 90 days. 11.10% of the stock is currently owned by corporate insiders.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $19.43 on Thursday. The firm has a 50-day moving average of $21.48 and a 200-day moving average of $26.59. The company has a market cap of $981.22 million, a P/E ratio of 149.47 and a beta of 0.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.27. TreeHouse Foods, Inc. has a one year low of $19.11 and a one year high of $43.84.

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

TreeHouse Foods 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.