Phocas Financial Corp. Takes $3.09 Million Position in TreeHouse Foods, Inc. (NYSE:THS)

Phocas Financial Corp. purchased a new position in shares of TreeHouse Foods, Inc. (NYSE:THS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 113,872 shares of the company’s stock, valued at approximately $3,085,000. Phocas Financial Corp. owned about 0.23% of TreeHouse Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC lifted 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 worth $83,000 after buying an additional 1,361 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in TreeHouse Foods by 58.2% in the fourth 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. Vident Advisory LLC acquired a new position in TreeHouse Foods in the fourth quarter valued at approximately $223,000. GAMMA Investing LLC grew its holdings in shares of TreeHouse Foods by 1,328.7% during the first quarter. GAMMA Investing LLC now owns 9,644 shares of the company’s stock valued at $261,000 after purchasing an additional 8,969 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of TreeHouse Foods by 9.6% during the fourth quarter. Bank of Montreal Can now owns 7,740 shares of the company’s stock valued at $272,000 after purchasing an additional 681 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TreeHouse Foods

In related news, CEO Steven Oakland acquired 4,660 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the purchase, the chief executive officer directly 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 SEC, which is available through the SEC website. Also, Director Jana Partners Management, Lp bought 124,785 shares of the business’s stock in a transaction on 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 completion of the transaction, the director directly owned 5,040,533 shares of the company’s stock, valued at $110,135,646.05. This trade represents a 2.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 147,123 shares of company stock valued at $3,234,741 over the last quarter. Insiders own 11.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on THS. Mizuho cut their price target on TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Barclays cut their target price on TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 15th. TD Cowen reduced their price target on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 11th. Truist Financial dropped their price objective 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. Finally, Stifel Nicolaus cut their price objective on shares of TreeHouse Foods from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.

TreeHouse Foods Trading Up 1.6%

NYSE:THS opened at $19.52 on Friday. The stock has a market cap of $985.76 million, a price-to-earnings ratio of 50.05 and a beta of 0.25. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.27 and a current ratio of 1.26. TreeHouse Foods, Inc. has a 1 year low of $18.50 and a 1 year high of $43.84. The business has a fifty day moving average of $20.94 and a 200-day moving average of $25.38.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The firm had revenue of $801.40 million during the quarter, compared to analyst estimates of $788.84 million. TreeHouse Foods had a net margin of 0.62% and a return on equity of 6.35%. TreeHouse Foods’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. Equities analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current 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.