19,720 Shares in TreeHouse Foods, Inc. (NYSE:THS) Purchased by Cary Street Partners Financial LLC

Key Points

• Cary Street Partners Financial LLC purchased 19,720 shares of TreeHouse Foods, Inc. for about $534,000, marking a new position in the company's stock.
• Several hedge funds made significant adjustments to their holdings in TreeHouse Foods, with a total institutional ownership of 99.81% of the company's shares.
• Analysts have reduced their price targets on TreeHouse Foods to an average of $24.00, with most rating it as "Hold" after recent performance updates.

Cary Street Partners Financial LLC acquired a new position in TreeHouse Foods, Inc. (NYSE:THS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 19,720 shares of the company's stock, valued at approximately $534,000.

Several other large investors have also recently modified their holdings of the stock. Hsbc Holdings PLC increased its holdings in shares of TreeHouse Foods by 4.5% in the fourth quarter. Hsbc Holdings PLC now owns 9,024 shares of the company's stock worth $317,000 after buying an additional 385 shares during the period. Comerica Bank increased its holdings in TreeHouse Foods by 1.5% during the 4th quarter. Comerica Bank now owns 28,207 shares of the company's stock valued at $991,000 after purchasing an additional 407 shares during the period. Illinois Municipal Retirement Fund increased its holdings in TreeHouse Foods by 2.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 25,462 shares of the company's stock valued at $690,000 after purchasing an additional 562 shares during the period. Bank of Montreal Can increased its holdings in TreeHouse Foods by 9.6% during the 4th quarter. Bank of Montreal Can now owns 7,740 shares of the company's stock valued at $272,000 after purchasing an additional 681 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TreeHouse Foods by 2.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,838 shares of the company's stock valued at $943,000 after purchasing an additional 696 shares during the period. Hedge funds and other institutional investors own 99.81% of the company's stock.

TreeHouse Foods Price Performance

Shares of THS stock traded up $0.67 during trading hours on Tuesday, hitting $18.25. The stock had a trading volume of 1,547,004 shares, compared to its average volume of 694,000. TreeHouse Foods, Inc. has a one year low of $17.54 and a one year high of $43.84. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.26 and a quick ratio of 0.38. The stock's 50-day moving average price is $20.53 and its two-hundred day moving average price is $24.66. The stock has a market capitalization of $921.83 million, a price-to-earnings ratio of 46.81 and a beta of 0.25.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. TreeHouse Foods had a return on equity of 6.35% and a net margin of 0.62%. The firm had revenue of $801.40 million for the quarter, compared to analysts' expectations of $788.84 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The business's revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial lowered their price objective on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Mizuho lowered their price objective on TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Stifel Nicolaus decreased their price target on TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. Finally, Barclays decreased their price target on TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods has an average rating of "Hold" and a consensus price target of $24.00.

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.