Counterpoint Mutual Funds LLC Takes $3.31 Million Position in TreeHouse Foods, Inc. $THS

Counterpoint Mutual Funds LLC acquired a new stake in TreeHouse Foods, Inc. (NYSE:THS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 163,807 shares of the company’s stock, valued at approximately $3,311,000. TreeHouse Foods accounts for 0.3% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 8th largest holding. Counterpoint Mutual Funds LLC owned approximately 0.32% of TreeHouse Foods as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in shares of TreeHouse Foods by 320.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock valued at $26,000 after acquiring an additional 1,033 shares during the period. Hantz Financial Services Inc. increased its stake in TreeHouse Foods by 430.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,460 shares of the company’s stock valued at $30,000 after purchasing an additional 1,185 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in TreeHouse Foods during the second quarter worth $70,000. Jones Financial Companies Lllp boosted its position in TreeHouse Foods by 12,606.7% during the third quarter. Jones Financial Companies Lllp now owns 3,812 shares of the company’s stock worth $77,000 after purchasing an additional 3,782 shares in the last quarter. Finally, Strs Ohio acquired a new stake in TreeHouse Foods in the third quarter valued at $87,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Price Performance

TreeHouse Foods stock opened at $24.43 on Tuesday. The stock has a market capitalization of $1.23 billion, a P/E ratio of -5.09 and a beta of 0.18. TreeHouse Foods, Inc. has a 12-month low of $15.85 and a 12-month high of $40.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.29 and a quick ratio of 0.40. The firm’s 50-day moving average is $24.14 and its two-hundred day moving average is $21.47.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on THS shares. Stifel Nicolaus raised their price target on TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Zacks Research upgraded shares of TreeHouse Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Truist Financial upped their price target on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a report on Thursday, November 13th. William Blair lowered 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 TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TreeHouse Foods presently has a consensus rating of “Reduce” and an average target price of $23.40.

Insiders Place Their Bets

In other TreeHouse Foods news, Director Jana Partners Management, Lp sold 1,959,221 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $24.48, for a total value of $47,961,730.08. Following the completion of the transaction, the director directly owned 3,862,116 shares in the company, valued at approximately $94,544,599.68. The trade was a 33.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Silver Point Capital L.P. acquired 357,917 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average price of $24.54 per share, for a total transaction of $8,783,283.18. Following the acquisition, the insider directly owned 5,408,000 shares of the company’s stock, valued at approximately $132,712,320. The trade was a 7.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 11.10% of the stock is owned by corporate insiders.

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.