Federated Hermes Inc. Trims Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Federated Hermes Inc. decreased its position in shares of TreeHouse Foods, Inc. (NYSE:THS) by 13.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,085 shares of the company’s stock after selling 7,764 shares during the period. Federated Hermes Inc. owned about 0.10% of TreeHouse Foods worth $1,357,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. FMR LLC lifted its position in shares of TreeHouse Foods by 90.5% during the 4th quarter. FMR LLC now owns 5,219,543 shares of the company’s stock worth $183,363,000 after purchasing an additional 2,479,495 shares during the last quarter. Sessa Capital IM L.P. lifted its holdings in shares of TreeHouse Foods by 121.9% in the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock valued at $113,908,000 after purchasing an additional 1,781,179 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position 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 valued at $12,053,000 after purchasing an additional 168,365 shares during the period. Voloridge Investment Management LLC purchased a new position in TreeHouse Foods during the 4th quarter worth approximately $5,613,000. Finally, Marshall Wace LLP purchased a new position in TreeHouse Foods during the 4th quarter worth approximately $5,366,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Trading Down 3.4%

Shares of THS opened at $19.16 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.26 and a quick ratio of 0.38. TreeHouse Foods, Inc. has a 1-year low of $18.50 and a 1-year high of $43.84. The stock has a market cap of $967.58 million, a price-to-earnings ratio of 49.13 and a beta of 0.25. The firm has a 50 day simple moving average of $20.76 and a 200-day simple moving average of $25.13.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial decreased their price objective on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, May 8th. Mizuho dropped their price objective on shares of TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Barclays cut their price target on TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 15th. TD Cowen reduced their price objective on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Finally, Stifel Nicolaus reduced their target price on TreeHouse Foods from $24.00 to $23.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.00.

Insiders Place Their Bets

In other news, Director Jana Partners Management, Lp purchased 17,678 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $23.09 per share, with a total value of $408,185.02. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.