Northern Trust Corp Trims Position in TreeHouse Foods, Inc. $THS

Key Points

• Northern Trust Corp reduced its holdings in TreeHouse Foods, Inc. by 5.9%, owning 473,045 shares valued at approximately $12.82 million.
• TreeHouse Foods has received several downgrades from analysts, with price targets decreasing from $25 to as low as $20, while the consensus rating remains at "Hold."
• The company reported earnings of $0.17 EPS, exceeding estimates, with revenue of $801.40 million for the quarter, marking a 1.2% increase year-over-year.

Northern Trust Corp cut its position in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 5.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,045 shares of the company's stock after selling 29,556 shares during the quarter. Northern Trust Corp owned about 0.94% of TreeHouse Foods worth $12,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 8,969 shares in the last quarter. Principal Financial Group Inc. grew its position in TreeHouse Foods by 0.7% in the first quarter. Principal Financial Group Inc. now owns 225,073 shares of the company's stock worth $6,097,000 after acquiring an additional 1,551 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in 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 acquiring an additional 1,830 shares during the last quarter. Nuveen LLC purchased a new stake in TreeHouse Foods during the first quarter valued at about $3,807,000. Finally, Phocas Financial Corp. purchased a new stake in TreeHouse Foods during the first quarter valued at about $3,085,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

THS has been the subject of a number of research reports. Stifel Nicolaus cut 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. Mizuho cut their price objective on TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Finally, Barclays cut their price objective on TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating for the company in a report on Tuesday, July 15th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $24.00.

TreeHouse Foods Trading Up 0.0%

Shares of THS stock traded up $0.01 on Friday, hitting $18.17. 622,606 shares of the company's stock traded hands, compared to its average volume of 870,411. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.38 and a current ratio of 1.26. TreeHouse Foods, Inc. has a one year low of $17.37 and a one year high of $43.84. The company's fifty day simple moving average is $19.50 and its 200 day simple moving average is $22.71. The stock has a market capitalization of $917.38 million, a price-to-earnings ratio of 46.58 and a beta of 0.26.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.07. The company had revenue of $801.40 million during the quarter, compared to analyst estimates of $788.84 million. TreeHouse Foods had a net margin of 0.62% and a return on equity of 6.35%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.29 EPS. TreeHouse Foods has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts forecast 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.