Allspring Global Investments Holdings LLC Sells 6,242 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Allspring Global Investments Holdings LLC decreased its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 14.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 36,318 shares of the company’s stock after selling 6,242 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in TreeHouse Foods were worth $1,505,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in THS. Verdence Capital Advisors LLC increased its stake in TreeHouse Foods by 5.3% during the third quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company’s stock valued at $261,000 after acquiring an additional 303 shares during the period. Cavalier Investments LLC grew its holdings in shares of TreeHouse Foods by 3.5% during the 3rd quarter. Cavalier Investments LLC now owns 10,350 shares of the company’s stock worth $451,000 after purchasing an additional 349 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of TreeHouse Foods by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock valued at $319,000 after purchasing an additional 384 shares during the period. Raymond James & Associates lifted its position in TreeHouse Foods by 2.1% in the third quarter. Raymond James & Associates now owns 19,435 shares of the company’s stock worth $847,000 after purchasing an additional 400 shares during the period. Finally, Lmcg Investments LLC boosted its stake in TreeHouse Foods by 2.1% during the third quarter. Lmcg Investments LLC now owns 34,454 shares of the company’s stock worth $1,502,000 after buying an additional 711 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Stock Performance

Shares of NYSE:THS opened at $36.67 on Tuesday. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 38.60 and a beta of 0.35. The business’s fifty day moving average price is $37.33 and its two-hundred day moving average price is $39.86. TreeHouse Foods, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $55.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Friday, February 16th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.06. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The business had revenue of $910.60 million for the quarter, compared to analyst estimates of $924.87 million. During the same quarter in the prior year, the firm earned $0.98 EPS. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. As a group, analysts predict that TreeHouse Foods, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating and dropped their price objective for the company from $45.00 to $35.00 in a research note on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods presently has a consensus rating of “Hold” and a consensus target price of $46.67.

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.