Natixis Advisors LLC Sells 23,610 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Key Points

• Natixis Advisors LLC cut its holdings in TreeHouse Foods by 33.6%, now owning 46,693 shares worth approximately $1.27 million.
• Multiple analysts have lowered their price targets for TreeHouse Foods, with Barclays setting a new target of $21.00, indicating a cautious outlook for the stock.
• TreeHouse Foods reported an EPS of $0.17, exceeding analysts' expectations, along with a 1.2% year-over-year revenue increase to $801.40 million for the latest quarter.

Natixis Advisors LLC lowered its stake in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 33.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,693 shares of the company's stock after selling 23,610 shares during the quarter. Natixis Advisors LLC owned about 0.09% of TreeHouse Foods worth $1,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in THS. XTX Topco Ltd acquired a new stake in shares of TreeHouse Foods during the first quarter worth about $460,000. Edgestream Partners L.P. increased its stake in TreeHouse Foods by 238.3% during the 1st quarter. Edgestream Partners L.P. now owns 26,462 shares of the company's stock worth $717,000 after purchasing an additional 18,639 shares in the last quarter. MQS Management LLC acquired a new stake in TreeHouse Foods during the 1st quarter worth approximately $298,000. New York State Common Retirement Fund lifted its stake in TreeHouse Foods by 70.7% in the first quarter. New York State Common Retirement Fund now owns 29,405 shares of the company's stock valued at $797,000 after buying an additional 12,177 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of TreeHouse Foods by 5.8% in the first quarter. Envestnet Asset Management Inc. now owns 33,324 shares of the company's stock valued at $903,000 after buying an additional 1,830 shares during the period. 99.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on THS shares. Truist Financial cut their price objective on shares of 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 cut their price target on TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Stifel Nicolaus decreased their price objective on TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. Finally, Mizuho dropped their target price on TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $24.00.

TreeHouse Foods Stock Up 4.6%

Shares of NYSE THS traded up $0.84 during mid-day trading on Wednesday, hitting $19.08. The company had a trading volume of 1,691,281 shares, compared to its average volume of 701,340. The company has a current ratio of 1.26, a quick ratio of 0.38 and a debt-to-equity ratio of 0.98. The firm has a 50-day simple moving average of $20.46 and a two-hundred day simple moving average of $24.61. The company has a market capitalization of $963.54 million, a PE ratio of 48.92 and a beta of 0.25. TreeHouse Foods, Inc. has a one year low of $17.54 and a one year high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.07. TreeHouse Foods had a return on equity of 6.35% and a net margin of 0.62%. The firm had revenue of $801.40 million during the quarter, compared to the consensus estimate of $788.84 million. During the same period last year, the company earned $0.29 earnings per share. The business's revenue was up 1.2% compared to the same quarter last year. On average, equities analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

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.