TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by Natixis Advisors LLC

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 decreased its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 33.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,693 shares of the company's stock after selling 23,610 shares during the period. Natixis Advisors LLC owned approximately 0.09% of TreeHouse Foods worth $1,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its holdings in shares of TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock worth $83,000 after acquiring an additional 1,361 shares during the period. Vident Advisory LLC acquired a new stake in shares of TreeHouse Foods in the 4th quarter worth approximately $223,000. GAMMA Investing LLC grew its holdings in shares of TreeHouse Foods by 1,328.7% in the 1st quarter. GAMMA Investing LLC now owns 9,644 shares of the company's stock worth $261,000 after acquiring an additional 8,969 shares during the period. Bank of Montreal Can grew its holdings in shares of TreeHouse Foods by 9.6% in the 4th quarter. Bank of Montreal Can now owns 7,740 shares of the company's stock worth $272,000 after acquiring an additional 681 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in shares of TreeHouse Foods in the 4th quarter worth approximately $295,000. Institutional investors and hedge funds own 99.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on THS. Truist Financial lowered their price target on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Barclays reduced their target price on TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Mizuho reduced their target price on TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Finally, Stifel Nicolaus reduced their target price on TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods presently has a consensus rating of "Hold" and a consensus target price of $24.00.

TreeHouse Foods Trading Down 1.0%

Shares of TreeHouse Foods stock traded down $0.19 during trading hours on Thursday, reaching $18.92. 231,831 shares of the company's stock were exchanged, compared to its average volume of 698,186. TreeHouse Foods, Inc. has a 52-week low of $17.54 and a 52-week high of $43.84. The firm has a market capitalization of $955.21 million, a price-to-earnings ratio of 48.66 and a beta of 0.25. The company has a fifty day moving average of $20.40 and a 200-day moving average of $24.57. The company has a current ratio of 1.26, a quick ratio of 0.38 and a debt-to-equity ratio of 0.98.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, topping 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 company had revenue of $801.40 million for the quarter, compared to analyst estimates of $788.84 million. During the same quarter in the prior year, the company posted $0.29 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

TreeHouse Foods Profile

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.