Envestnet Asset Management Inc. Reduces Stock Holdings in TreeHouse Foods, Inc. $THS

Envestnet Asset Management Inc. lessened its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 34.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,990 shares of the company’s stock after selling 11,334 shares during the quarter. Envestnet Asset Management Inc.’s holdings in TreeHouse Foods were worth $427,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sessa Capital IM L.P. raised its stake in TreeHouse Foods by 29.5% during the 1st quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock worth $113,778,000 after acquiring an additional 957,517 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of TreeHouse Foods during the first quarter worth about $6,730,000. Dark Forest Capital Management LP acquired a new stake in shares of TreeHouse Foods during the first quarter worth about $5,798,000. Empowered Funds LLC purchased a new stake in shares of TreeHouse Foods in the 1st quarter valued at about $4,021,000. Finally, Nuveen LLC acquired a new stake in shares of TreeHouse Foods in the 1st quarter valued at about $3,807,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on THS shares. Zacks Research lowered TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Stifel Nicolaus lifted their target price on shares of TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TreeHouse Foods in a research note on Tuesday. William Blair downgraded shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Barclays lifted their price objective on shares of TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $24.67.

TreeHouse Foods Stock Down 0.1%

Shares of TreeHouse Foods stock opened at $23.74 on Thursday. The company has a market cap of $1.20 billion, a P/E ratio of -4.95 and a beta of 0.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29. TreeHouse Foods, Inc. has a one year low of $15.85 and a one year high of $40.77. The firm has a fifty day moving average of $20.15 and a two-hundred day moving average of $20.18.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.The firm had revenue of $841.90 million for the quarter, compared to analyst estimates of $853.53 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The company’s revenue was up .1% compared to the same quarter last year. On average, analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

About TreeHouse Foods

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.