Millennium Management LLC Sells 153,984 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Millennium Management LLC cut its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 91.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,730 shares of the company's stock after selling 153,984 shares during the quarter. Millennium Management LLC's holdings in TreeHouse Foods were worth $517,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in TreeHouse Foods by 456.7% in 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. Sterling Capital Management LLC grew 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 purchasing an additional 1,361 shares during the last quarter. KBC Group NV increased its stake in shares of TreeHouse Foods by 45.1% in the fourth quarter. KBC Group NV now owns 2,820 shares of the company's stock worth $99,000 after buying an additional 877 shares during the period. CIBC Private Wealth Group LLC raised its holdings in TreeHouse Foods by 58.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock valued at $142,000 after buying an additional 1,508 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in TreeHouse Foods during the 4th quarter valued at $249,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TreeHouse Foods

In other news, Director Jana Partners Management, Lp acquired 124,785 shares of TreeHouse Foods stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $21.85 per share, for a total transaction of $2,726,552.25. Following the purchase, the director now owns 5,040,533 shares in the company, valued at $110,135,646.05. This trade represents a 2.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven Oakland bought 4,660 shares of the company's stock in a transaction dated 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 purchase, the chief executive officer now owns 369,521 shares of the company's stock, valued at approximately $7,929,920.66. This represents a 1.28% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 147,123 shares of company stock valued at $3,234,741 in the last 90 days. Corporate insiders own 11.10% of the company's stock.

TreeHouse Foods Stock Up 1.2%

Shares of NYSE THS traded up $0.26 during mid-day trading on Monday, hitting $22.60. 552,136 shares of the stock traded hands, compared to its average volume of 612,140. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 41.86 and a beta of 0.28. The stock has a fifty day moving average price of $22.80 and a 200-day moving average price of $29.16. TreeHouse Foods, Inc. has a 52 week low of $20.63 and a 52 week high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stifel Nicolaus lowered their price objective 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. TD Cowen lowered 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. Truist Financial cut their price objective on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Barclays reduced their target price on TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Finally, Jefferies Financial Group dropped their price target on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.