TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 40.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 254,719 shares of the company's stock after selling 174,387 shares during the period. Bank of America Corp DE owned approximately 0.50% of TreeHouse Foods worth $8,948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of THS. Raymond James Financial Inc. acquired a new stake in shares of TreeHouse Foods in the fourth quarter worth $10,362,000. Entropy Technologies LP acquired a new position in shares of TreeHouse Foods during the 4th quarter valued at $333,000. Northern Trust Corp boosted its position in TreeHouse Foods by 5.9% during the 4th quarter. Northern Trust Corp now owns 502,601 shares of the company's stock worth $17,656,000 after purchasing an additional 28,029 shares during the period. Barclays PLC increased its holdings in TreeHouse Foods by 7.0% in the 3rd quarter. Barclays PLC now owns 337,657 shares of the company's stock valued at $14,175,000 after purchasing an additional 21,951 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in TreeHouse Foods by 218.3% in the 4th quarter. Alliancebernstein L.P. now owns 166,767 shares of the company's stock valued at $5,859,000 after purchasing an additional 114,380 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Steven Oakland bought 4,660 shares of the stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $21.46 per share, with a total value of $100,003.60. Following the completion of the acquisition, the chief executive officer now owns 369,521 shares of the company's stock, valued at $7,929,920.66. This trade represents a 1.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp purchased 124,785 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of $21.85 per share, for a total transaction of $2,726,552.25. Following the acquisition, the director now owns 5,040,533 shares in the company, valued at approximately $110,135,646.05. The trade was a 2.54% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 147,123 shares of company stock valued at $3,234,741. Company insiders own 11.10% of the company's stock.

Analyst Ratings Changes

THS has been the subject of several analyst reports. Truist Financial decreased their target price on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Jefferies Financial Group reduced their price target on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus lowered their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Barclays reduced their target price on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, TD Cowen reduced their target price on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods presently has a consensus rating of "Hold" and a consensus price target of $27.83.

TreeHouse Foods Stock Up 0.6%

TreeHouse Foods stock traded up $0.14 during midday trading on Thursday, hitting $22.52. The stock had a trading volume of 270,059 shares, compared to its average volume of 609,126. The business has a fifty day moving average price of $23.38 and a 200 day moving average price of $29.66. TreeHouse Foods, Inc. has a 12 month low of $20.63 and a 12 month high of $43.84. The stock has a market cap of $1.14 billion, a P/E ratio of 41.71 and a beta of 0.30. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.24. The business had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. Research analysts predict that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

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.