Creative Planning Invests $523,000 in TreeHouse Foods, Inc. $THS

Creative Planning acquired a new stake in shares of TreeHouse Foods, Inc. (NYSE:THS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,917 shares of the company’s stock, valued at approximately $523,000. Creative Planning owned 0.05% of TreeHouse Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of TreeHouse Foods by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 5,573,043 shares of the company’s stock valued at $150,974,000 after acquiring an additional 77,457 shares in the last quarter. Sessa Capital IM L.P. increased its position in shares of TreeHouse Foods by 29.5% in the first quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock worth $113,778,000 after purchasing an additional 957,517 shares during the last quarter. Geode Capital Management LLC raised its stake in TreeHouse Foods by 4.8% in the second quarter. Geode Capital Management LLC now owns 1,138,099 shares of the company’s stock valued at $22,105,000 after purchasing an additional 52,130 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in TreeHouse Foods by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 936,493 shares of the company’s stock valued at $25,370,000 after purchasing an additional 35,429 shares in the last quarter. Finally, Invesco Ltd. lifted its position in TreeHouse Foods by 3.3% during the first quarter. Invesco Ltd. now owns 335,550 shares of the company’s stock valued at $9,090,000 after purchasing an additional 10,805 shares during the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Stock Performance

TreeHouse Foods stock opened at $23.61 on Friday. The firm has a fifty day simple moving average of $21.14 and a two-hundred day simple moving average of $20.24. The company has a quick ratio of 0.40, a current ratio of 1.29 and a debt-to-equity ratio of 1.18. TreeHouse Foods, Inc. has a twelve month low of $15.85 and a twelve month high of $40.77. The company has a market capitalization of $1.19 billion, a PE ratio of -4.92 and a beta of 0.18.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Monday, November 10th. The company reported $0.43 EPS for the quarter, missing the consensus estimate 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 company had revenue of $841.90 million during the quarter, compared to analysts’ expectations of $853.53 million. During the same quarter in the prior year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Research analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on THS shares. William Blair lowered shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Truist Financial upped their target price on shares of TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Zacks Research downgraded TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TreeHouse Foods in a report on Monday. Finally, Stifel Nicolaus increased their price objective on TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $24.67.

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.