Pullen Investment Management LLC Acquires 20,304 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Pullen Investment Management LLC grew its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 83.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,646 shares of the company's stock after purchasing an additional 20,304 shares during the period. Pullen Investment Management LLC owned about 0.09% of TreeHouse Foods worth $1,568,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in THS. Raymond James Financial Inc. acquired a new position in TreeHouse Foods in the 4th quarter valued at approximately $10,362,000. Entropy Technologies LP purchased a new position in shares of TreeHouse Foods during the 4th quarter valued at $333,000. Northern Trust Corp increased its stake in shares of TreeHouse Foods by 5.9% in the fourth quarter. Northern Trust Corp now owns 502,601 shares of the company's stock worth $17,656,000 after acquiring an additional 28,029 shares during the last quarter. Barclays PLC raised its holdings in shares of TreeHouse Foods by 7.0% during the third quarter. Barclays PLC now owns 337,657 shares of the company's stock worth $14,175,000 after acquiring an additional 21,951 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of TreeHouse Foods by 218.3% during the fourth quarter. Alliancebernstein L.P. now owns 166,767 shares of the company's stock worth $5,859,000 after acquiring an additional 114,380 shares in the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on THS. TD Cowen dropped their target price on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus dropped their price objective on TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Truist Financial cut their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Barclays decreased their price objective on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $27.83.

TreeHouse Foods Stock Performance

Shares of NYSE THS traded up $0.17 during trading hours on Friday, hitting $22.69. 123,251 shares of the stock were exchanged, compared to its average volume of 607,233. TreeHouse Foods, Inc. has a one year low of $20.63 and a one year high of $43.84. The company's 50 day moving average is $23.38 and its 200 day moving average is $29.66. 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 firm has a market capitalization of $1.15 billion, a P/E ratio of 42.00 and a beta of 0.30.

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

Insider Activity

In related news, Director Jana Partners Management, Lp acquired 124,785 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was acquired at an average price of $21.85 per share, with a total value of $2,726,552.25. Following the completion of the transaction, the director now owns 5,040,533 shares of the company's stock, valued at approximately $110,135,646.05. This represents a 2.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Steven Oakland bought 4,660 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the transaction, the chief executive officer now owns 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 disclosure for this purchase can be found here. Over the last three months, insiders acquired 147,123 shares of company stock valued at $3,234,741. 11.10% of the stock is owned by company insiders.

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.