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

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its holdings in TreeHouse Foods by 7.0% during the third quarter. Barclays PLC now owns 337,657 shares of the company's stock worth $14,175,000 after acquiring an additional 21,951 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of TreeHouse Foods by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 42,261 shares of the company's stock worth $1,485,000 after purchasing an additional 1,734 shares in the last quarter. Blue Trust Inc. grew its stake in shares of TreeHouse Foods by 456.7% during the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock worth $39,000 after purchasing an additional 918 shares during the period. KBC Group NV increased its holdings in shares of TreeHouse Foods by 45.1% in the 4th quarter. KBC Group NV now owns 2,820 shares of the company's stock valued at $99,000 after purchasing an additional 877 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of TreeHouse Foods in the fourth quarter valued at about $333,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TreeHouse Foods news, CEO Steven Oakland purchased 4,660 shares of TreeHouse Foods stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $21.46 per share, with a total value of $100,003.60. Following the purchase, the chief executive officer now directly owns 369,521 shares in the company, valued at $7,929,920.66. This trade represents a 1.28% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jana Partners Management, Lp acquired 124,785 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of $21.85 per share, for a total transaction of $2,726,552.25. Following the acquisition, the director now directly owns 5,040,533 shares of the company's stock, valued at approximately $110,135,646.05. The trade was a 2.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 147,123 shares of company stock worth $3,234,741. 11.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on THS. Jefferies Financial Group dropped their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Truist Financial dropped their price objective on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. TD Cowen reduced their price objective on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a report on Friday, April 11th. Wall Street Zen raised TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus dropped their price target on TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $27.83.

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock traded up $0.81 during trading on Tuesday, hitting $22.79. 608,712 shares of the company were exchanged, compared to its average volume of 610,403. TreeHouse Foods, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $43.84. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average price of $23.60 and a 200 day moving average price of $29.87. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 42.20 and a beta of 0.30.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. During the same quarter last year, the business posted ($0.03) earnings per share. TreeHouse Foods's revenue was down 3.5% compared to the same quarter last year. On average, equities analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

About TreeHouse Foods

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.