Exchange Traded Concepts LLC Raises Stake in TreeHouse Foods, Inc. (NYSE:THS)

Exchange Traded Concepts LLC raised its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 40.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,473 shares of the company's stock after acquiring an additional 17,212 shares during the quarter. Exchange Traded Concepts LLC owned 0.12% of TreeHouse Foods worth $1,611,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hsbc Holdings PLC raised its stake in shares of TreeHouse Foods by 4.5% during the 4th quarter. Hsbc Holdings PLC now owns 9,024 shares of the company's stock worth $317,000 after buying an additional 385 shares during the last quarter. Comerica Bank raised its stake in shares of TreeHouse Foods by 1.5% during the 4th quarter. Comerica Bank now owns 28,207 shares of the company's stock worth $991,000 after buying an additional 407 shares during the last quarter. Bank of Montreal Can raised its stake in shares of TreeHouse Foods by 9.6% during the 4th quarter. Bank of Montreal Can now owns 7,740 shares of the company's stock worth $272,000 after buying an additional 681 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of TreeHouse Foods by 2.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,838 shares of the company's stock worth $943,000 after buying an additional 696 shares during the last quarter. Finally, Redwood Investment Management LLC raised its stake in TreeHouse Foods by 1.6% in the 4th quarter. Redwood Investment Management LLC now owns 67,473 shares of the company's stock valued at $2,370,000 after purchasing an additional 1,032 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company's stock.

TreeHouse Foods Trading Up 1.8%

THS traded up $0.36 during midday trading on Friday, hitting $20.80. The company's stock had a trading volume of 1,168,496 shares, compared to its average volume of 617,104. The company has a current ratio of 1.14, a quick ratio of 0.27 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1.05 billion, a P/E ratio of 160.00 and a beta of 0.28. The firm has a 50-day moving average price of $22.27 and a two-hundred day moving average price of $28.25. TreeHouse Foods, Inc. has a 52-week low of $20.13 and a 52-week high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted 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. The company had revenue of $792.00 million during the quarter, compared to analysts' expectations of $789.66 million. TreeHouse Foods had a return on equity of 6.73% and a net margin of 0.20%. The firm's revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) EPS. On average, research analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Insider Transactions at TreeHouse Foods

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Barclays cut their target price on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Truist Financial cut their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Finally, TD Cowen cut their target price on shares of 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 investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.