New York State Common Retirement Fund Acquires 12,177 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Key Points

• The New York State Common Retirement Fund increased its holdings in TreeHouse Foods by 70.7%, acquiring a total of 12,177 shares in the 1st quarter, bringing its total ownership to approximately $797,000.
• TreeHouse Foods reported earnings of $0.03 per share in its last quarterly report, exceeding analysts' estimates of ($0.21), despite a 3.5% year-over-year revenue decline.
• Multiple institutional investors have increased their stakes in TreeHouse Foods, with FMR LLC marking a 90.5% growth in its holdings during the previous quarter.

New York State Common Retirement Fund grew its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 70.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 29,405 shares of the company's stock after purchasing an additional 12,177 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of TreeHouse Foods worth $797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of THS. FMR LLC grew its holdings in shares of TreeHouse Foods by 90.5% during the fourth quarter. FMR LLC now owns 5,219,543 shares of the company's stock worth $183,363,000 after purchasing an additional 2,479,495 shares during the last quarter. Sessa Capital IM L.P. boosted its position in TreeHouse Foods by 121.9% during the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company's stock worth $113,908,000 after buying an additional 1,781,179 shares during the period. Kestrel Investment Management Corp bought a new stake in TreeHouse Foods during the 4th quarter worth approximately $6,058,000. D. E. Shaw & Co. Inc. grew its holdings in TreeHouse Foods by 96.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 343,086 shares of the company's stock worth $12,053,000 after acquiring an additional 168,365 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in TreeHouse Foods in the 4th quarter valued at approximately $5,613,000. Institutional investors own 99.81% of the company's stock.

TreeHouse Foods Price Performance

Shares of NYSE:THS opened at $21.31 on Friday. The company has a quick ratio of 0.27, a current ratio of 1.14 and a debt-to-equity ratio of 0.93. The stock has a market cap of $1.08 billion, a PE ratio of 163.95 and a beta of 0.25. The company's fifty day moving average is $21.19 and its 200 day moving average is $25.91. TreeHouse Foods, Inc. has a 52 week low of $19.11 and a 52 week high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of ($0.21) by $0.24. The company had revenue of $792.00 million during the quarter, compared to analyst estimates of $789.66 million. TreeHouse Foods had a net margin of 0.20% and a return on equity of 6.73%. During the same period in the prior year, the business posted ($0.03) earnings per share. TreeHouse Foods's revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Steven Oakland purchased 4,660 shares of the stock in a transaction dated Thursday, May 8th. The shares were purchased at an average cost of $21.46 per share, with a total value of $100,003.60. Following the acquisition, the chief executive officer directly owned 369,521 shares of the company's stock, valued at $7,929,920.66. This represents a 1.28% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jana Partners Management, Lp acquired 124,785 shares of the company's stock in a transaction that occurred 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 acquisition, the director owned 5,040,533 shares of the company's stock, valued at $110,135,646.05. The trade was a 2.54% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 147,123 shares of company stock valued at $3,234,741 in the last quarter. 11.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on THS. Barclays lowered their price objective on TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 15th. Truist Financial decreased 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 report on Thursday, May 8th. TD Cowen lowered their price target 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. Finally, Stifel Nicolaus reduced their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $27.17.

TreeHouse Foods Company 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.

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