Exchange Traded Concepts LLC Boosts Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

Exchange Traded Concepts LLC grew its stake in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 40.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,473 shares of the company's stock after acquiring an additional 17,212 shares during the period. Exchange Traded Concepts LLC owned 0.12% of TreeHouse Foods worth $1,611,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in TreeHouse Foods by 756.7% during the 4th quarter. Blue Trust Inc. now owns 1,722 shares of the company's stock valued at $60,000 after buying an additional 1,521 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in TreeHouse Foods by 30.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 62,568 shares of the company's stock valued at $2,198,000 after buying an additional 14,632 shares in the last quarter. Principal Financial Group Inc. grew its holdings in TreeHouse Foods by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 223,522 shares of the company's stock valued at $7,852,000 after buying an additional 3,238 shares in the last quarter. US Bancorp DE grew its holdings in TreeHouse Foods by 42.9% during the 4th quarter. US Bancorp DE now owns 17,459 shares of the company's stock valued at $613,000 after buying an additional 5,241 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in TreeHouse Foods by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company's stock valued at $31,654,000 after buying an additional 32,613 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company's stock.

TreeHouse Foods Stock Performance

NYSE:THS opened at $20.43 on Thursday. The business has a 50 day moving average of $22.34 and a 200 day moving average of $28.48. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 157.17 and a beta of 0.28. TreeHouse Foods, Inc. has a 1-year low of $20.13 and a 1-year high of $43.84. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.27.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.21) by $0.24. The company 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 6.73% and a net margin of 0.20%. TreeHouse Foods's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) EPS. On average, sell-side analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Steven Oakland acquired 4,660 shares of the stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the transaction, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jana Partners Management, Lp acquired 17,678 shares of the stock in a transaction on Monday, May 12th. The stock was bought at an average price of $23.09 per share, with a total value of $408,185.02. Following the transaction, the director now directly owns 5,482,337 shares of the company's stock, valued at approximately $126,587,161.33. The trade was a 0.32% increase in their position. The disclosure for this purchase can be found here. Insiders bought 147,123 shares of company stock worth $3,234,741 in the last quarter. 11.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on THS. Truist Financial dropped their price target 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. Barclays dropped their price target on TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. TD Cowen dropped their price target 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. 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 equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $27.83.

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.

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