Blair William & Co. IL Decreases Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Key Points

• Blair William & Co. IL has significantly reduced its stake in TreeHouse Foods, decreasing its holdings by 41.3% during the first quarter, resulting in ownership of approximately $1.63 million worth of shares.
• Multiple hedge funds increased their positions in TreeHouse Foods, with notable increases from FMR LLC (up 90.5%), Sessa Capital IM L.P. (up 121.9%), and D. E. Shaw & Co. Inc. (up 96.4%) during the fourth quarter.
• TreeHouse Foods reported a quarterly earnings per share (EPS) of $0.17, exceeding analysts' expectations, and its revenue grew by 1.2% compared to the same period last year.

Blair William & Co. IL lowered its stake in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 41.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,242 shares of the company's stock after selling 42,339 shares during the quarter. Blair William & Co. IL owned 0.12% of TreeHouse Foods worth $1,632,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. FMR LLC raised its position in shares of TreeHouse Foods by 90.5% during the 4th quarter. FMR LLC now owns 5,219,543 shares of the company's stock valued at $183,363,000 after buying an additional 2,479,495 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of TreeHouse Foods by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company's stock valued at $115,818,000 after buying an additional 137,744 shares in the last quarter. Sessa Capital IM L.P. raised its position in TreeHouse Foods by 121.9% in the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company's stock worth $113,908,000 after purchasing an additional 1,781,179 shares during the period. Northern Trust Corp raised its position in TreeHouse Foods by 5.9% in 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. Finally, D. E. Shaw & Co. Inc. raised its position in TreeHouse Foods by 96.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 343,086 shares of the company's stock worth $12,053,000 after purchasing an additional 168,365 shares during the period. Hedge funds and other institutional investors own 99.81% of the company's stock.

TreeHouse Foods Stock Up 3.8%

NYSE:THS traded up $0.67 during mid-day trading on Tuesday, hitting $18.25. 1,547,004 shares of the company's stock were exchanged, 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 business has a fifty day moving average price of $20.53 and a 200 day moving average price of $24.66. The company has a market cap of $921.83 million, a PE 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. The business had revenue of $801.40 million during the quarter, compared to analysts' expectations of $788.84 million. TreeHouse Foods had a net margin of 0.62% and a return on equity of 6.35%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. Equities analysts predict that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on THS shares. Truist Financial decreased their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Stifel Nicolaus decreased their target price on shares of TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Mizuho cut their price target on shares of TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Finally, Barclays cut their price target on shares of 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 investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $24.00.

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.