Bank of New York Mellon Corp Purchases 730 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Bank of New York Mellon Corp boosted its position in TreeHouse Foods, Inc. (NYSE:THS) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 361,991 shares of the company’s stock after buying an additional 730 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.72% of TreeHouse Foods worth $9,806,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of TreeHouse Foods during the 4th quarter worth approximately $605,000. American Century Companies Inc. raised its holdings in shares of TreeHouse Foods by 3.0% in the 4th quarter. American Century Companies Inc. now owns 60,763 shares of the company’s stock valued at $2,135,000 after purchasing an additional 1,746 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in TreeHouse Foods in the 4th quarter valued at about $337,000. WINTON GROUP Ltd bought a new position in TreeHouse Foods during the fourth quarter worth about $4,360,000. Finally, New Age Alpha Advisors LLC acquired a new position in TreeHouse Foods during the fourth quarter worth approximately $249,000. Institutional investors own 99.81% of the company’s stock.

Insider Activity at TreeHouse Foods

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on THS. TD Cowen decreased their price objective on TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 11th. Stifel Nicolaus lowered their price target on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Barclays cut their price objective on shares of TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating for the company in a report on Tuesday, July 15th. Finally, Truist Financial lowered 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. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods has an average rating of “Hold” and a consensus target price of $27.17.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock opened at $19.69 on Tuesday. The business has a 50-day simple moving average of $21.39 and a 200 day simple moving average of $26.27. The firm has a market capitalization of $994.09 million, a price-to-earnings ratio of 9.96 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 earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.20% and a return on equity of 6.73%. The company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

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.