Edgestream Partners L.P. Raises Stake in TreeHouse Foods, Inc. (NYSE:THS)

Edgestream Partners L.P. increased its stake in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 238.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,462 shares of the company's stock after acquiring an additional 18,639 shares during the quarter. Edgestream Partners L.P. owned 0.05% of TreeHouse Foods worth $717,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in shares of TreeHouse Foods by 134.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock worth $83,000 after buying an additional 1,361 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock worth $142,000 after buying an additional 1,508 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of TreeHouse Foods in the fourth quarter worth about $223,000. New Age Alpha Advisors LLC purchased a new stake in shares of TreeHouse Foods in the fourth quarter worth about $249,000. Finally, Bank of Montreal Can raised its stake in TreeHouse Foods by 9.6% in the fourth 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 in the last quarter. Institutional investors own 99.81% of the company's stock.

TreeHouse Foods Stock Performance

THS traded up $0.59 during midday trading on Wednesday, hitting $21.44. 472,816 shares of the company traded hands, compared to its average volume of 630,900. The company has a quick ratio of 0.27, a current ratio of 1.14 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.08 billion, a PE ratio of 164.96 and a beta of 0.25. The company's 50-day moving average is $21.27 and its 200 day moving average is $26.12. TreeHouse Foods, Inc. has a 52 week low of $19.11 and a 52 week high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.20% and a return on equity of 6.73%. The firm had revenue of $792.00 million during the quarter, compared to analyst estimates of $789.66 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on THS shares. Barclays lowered their target price on shares of TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Truist Financial decreased their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Stifel Nicolaus decreased their price target on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, TD Cowen lowered their price objective on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $27.17.

Insider Activity

In related news, Director Jana Partners Management, Lp acquired 124,785 shares of the business's stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $21.85 per share, with a total value of $2,726,552.25. Following the acquisition, the director directly owned 5,040,533 shares in the company, valued at $110,135,646.05. This represents a 2.54% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Steven Oakland acquired 4,660 shares of the business's stock in a transaction on Thursday, May 8th. The shares were 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 owned 369,521 shares in the company, valued at approximately $7,929,920.66. This represents a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 147,123 shares of company stock worth $3,234,741 in the last ninety days. Corporate insiders own 11.10% of the company's stock.

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.