TreeHouse Foods, Inc. $THS Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 61.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 541,426 shares of the company’s stock after purchasing an additional 205,852 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in TreeHouse Foods were worth $10,514,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of TreeHouse Foods by 50.7% in the second quarter. Blue Trust Inc. now owns 2,878 shares of the company’s stock valued at $56,000 after buying an additional 968 shares in the last quarter. GAMMA Investing LLC raised its position in shares of TreeHouse Foods by 719.7% during the second quarter. GAMMA Investing LLC now owns 2,918 shares of the company’s stock worth $57,000 after purchasing an additional 2,562 shares during the period. State of Wyoming purchased a new stake in shares of TreeHouse Foods during the first quarter valued at $93,000. CWM LLC boosted its position in shares of TreeHouse Foods by 4,868.8% in the 2nd quarter. CWM LLC now owns 8,745 shares of the company’s stock valued at $170,000 after purchasing an additional 8,569 shares during the period. Finally, Hsbc Holdings PLC increased its stake in TreeHouse Foods by 8.8% in the 1st quarter. Hsbc Holdings PLC now owns 9,814 shares of the company’s stock worth $268,000 after purchasing an additional 790 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on THS. Zacks Research lowered shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday, December 1st. Truist Financial lifted their price objective 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. William Blair downgraded shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Barclays increased their target price on TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Seven investment 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 presently has an average rating of “Reduce” and an average target price of $24.67.

TreeHouse Foods Stock Performance

THS opened at $23.76 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29. The company has a market cap of $1.20 billion, a PE ratio of -4.95 and a beta of 0.18. The stock has a 50-day moving average of $21.29 and a 200-day moving average of $20.22. TreeHouse Foods, Inc. has a 52-week low of $15.85 and a 52-week high of $40.77.

TreeHouse Foods (NYSE:THS) last announced its 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 company had revenue of $841.90 million for the quarter, compared to the consensus estimate of $853.53 million. During the same period in the previous year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

TreeHouse Foods 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.