TreeHouse Foods, Inc. (NYSE:THS) Stock Holdings Lessened by Millennium Management LLC

Millennium Management LLC cut its position in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 91.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock valued at $39,000 after acquiring an additional 918 shares during the last quarter. Sterling Capital Management LLC increased its holdings in TreeHouse Foods by 134.4% during 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 during the last quarter. KBC Group NV grew its stake in shares of TreeHouse Foods by 45.1% during the 4th quarter. KBC Group NV now owns 2,820 shares of the company's stock worth $99,000 after acquiring an additional 877 shares during the period. CIBC Private Wealth Group LLC boosted 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 acquiring an additional 1,508 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of TreeHouse Foods in the fourth quarter worth about $249,000. 99.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. TD Cowen lowered their price objective on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a report on Friday, April 11th. Truist Financial reduced their price target on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Wall Street Zen upgraded shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday, February 18th. Barclays decreased their target price on TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Finally, Jefferies Financial Group cut their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $27.83.

TreeHouse Foods Trading Down 0.1%

TreeHouse Foods stock traded down $0.02 during trading on Thursday, reaching $21.74. 436,734 shares of the company were exchanged, compared to its average volume of 613,349. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. The stock's 50 day simple moving average is $22.56 and its two-hundred day simple moving average is $28.97. TreeHouse Foods, Inc. has a 52-week low of $20.63 and a 52-week high of $43.84. The company has a market capitalization of $1.10 billion, a P/E ratio of 40.26 and a beta of 0.28.

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

Insider Transactions at TreeHouse Foods

In other news, Director Jana Partners Management, Lp acquired 17,678 shares of TreeHouse Foods stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $23.09 per share, with a total value of $408,185.02. Following the completion of the acquisition, the director now owns 5,482,337 shares in the company, valued at $126,587,161.33. This trade represents a 0.32% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steven Oakland bought 4,660 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $21.46 per share, with a total value of $100,003.60. Following the purchase, the chief executive officer now directly owns 369,521 shares in the company, valued at $7,929,920.66. The trade was a 1.28% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 147,123 shares of company stock worth $3,234,741. 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.