Jana Partners Management, Lp Sells 1,959,221 Shares of TreeHouse Foods (NYSE:THS) Stock

TreeHouse Foods, Inc. (NYSE:THS) Director Jana Partners Management, Lp sold 1,959,221 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $24.48, for a total transaction of $47,961,730.08. Following the sale, the director owned 3,862,116 shares of the company’s stock, valued at approximately $94,544,599.68. This represents a 33.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

TreeHouse Foods Trading Up 0.0%

THS stock opened at $24.46 on Thursday. TreeHouse Foods, Inc. has a fifty-two week low of $15.85 and a fifty-two week high of $40.77. The firm has a fifty day moving average price of $24.03 and a 200 day moving average price of $21.21. The firm has a market cap of $1.23 billion, a PE ratio of -5.09 and a beta of 0.18. 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 (NYSE:THS) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.10). The company had revenue of $841.90 million for the quarter, compared to the consensus estimate of $853.53 million. TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) EPS. Sell-side analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on THS shares. Truist Financial raised their price target on TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Barclays lifted their price target on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Zacks Research upgraded TreeHouse Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of TreeHouse Foods in a research note on Monday, December 29th. Finally, William Blair cut TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $24.67.

Institutional Investors Weigh In On TreeHouse Foods

A number of large investors have recently modified their holdings of the business. Two Sigma Investments LP raised its holdings in shares of TreeHouse Foods by 483.4% during the 3rd quarter. Two Sigma Investments LP now owns 379,089 shares of the company’s stock worth $7,661,000 after buying an additional 314,110 shares in the last quarter. Ameriprise Financial Inc. raised its stake in TreeHouse Foods by 74.6% during the third quarter. Ameriprise Financial Inc. now owns 680,279 shares of the company’s stock worth $13,748,000 after acquiring an additional 290,729 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of TreeHouse Foods by 199.2% in the fourth quarter. JPMorgan Chase & Co. now owns 411,606 shares of the company’s stock worth $9,710,000 after acquiring an additional 274,020 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of TreeHouse Foods by 379.3% in the 2nd quarter. Marshall Wace LLP now owns 332,730 shares of the company’s stock valued at $6,462,000 after purchasing an additional 263,303 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in shares of TreeHouse Foods by 143.1% during the 3rd quarter. Voloridge Investment Management LLC now owns 407,798 shares of the company’s stock valued at $8,242,000 after purchasing an additional 240,034 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.