TD Asset Management Inc Has $4.50 Million Stake in TreeHouse Foods, Inc. (NYSE:THS)

Key Points

• TD Asset Management Inc has reduced its stake in TreeHouse Foods by 46.6%, selling 144,800 shares during the first quarter, and now holds about 0.33% of the company valued at $4.5 million.
• Institutional investors own 99.81% of TreeHouse Foods, with FMR LLC and Sessa Capital IM L.P. significantly increasing their shares by 90.5% and 121.9% respectively in the fourth quarter.
• TreeHouse Foods' stock received multiple price target cuts from analysts, with the consensus rating remaining at "Hold" and an average price target of $24.00.

TD Asset Management Inc trimmed its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 46.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,944 shares of the company's stock after selling 144,800 shares during the period. TD Asset Management Inc owned 0.33% of TreeHouse Foods worth $4,495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC boosted its position in TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock valued at $83,000 after buying an additional 1,361 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of TreeHouse Foods by 58.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock worth $142,000 after purchasing an additional 1,508 shares during the last quarter. Vident Advisory LLC bought a new position in shares of TreeHouse Foods in the 4th quarter worth $223,000. GAMMA Investing LLC boosted its position 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 purchasing an additional 8,969 shares during the last quarter. Finally, Bank of Montreal Can boosted its position 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 purchasing an additional 681 shares during the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on THS. 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 report on Tuesday, July 15th. 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 report on Tuesday, July 29th. Truist Financial reduced their target price on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. TD Cowen cut their price target on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Finally, Mizuho cut their price target on TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $24.00.

Insider Buying and Selling

In other TreeHouse Foods news, CEO Steven Oakland bought 4,660 shares of TreeHouse Foods stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $21.46 per share, with a total value of $100,003.60. Following the acquisition, the chief executive officer owned 369,521 shares in the company, valued at $7,929,920.66. This trade represents a 1.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jana Partners Management, Lp bought 17,678 shares of TreeHouse Foods stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $23.09 per share, for a total transaction of $408,185.02. Following the acquisition, the director owned 5,482,337 shares in the company, valued at approximately $126,587,161.33. This represents a 0.32% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 147,123 shares of company stock worth $3,234,741 in the last three months. 11.10% of the stock is currently owned by company insiders.

TreeHouse Foods Stock Up 2.3%

Shares of NYSE:THS traded up $0.45 during midday trading on Tuesday, reaching $19.83. The company had a trading volume of 189,262 shares, compared to its average volume of 684,827. The company has a quick ratio of 0.38, a current ratio of 1.26 and a debt-to-equity ratio of 0.98. The business's 50 day moving average price is $20.89 and its 200 day moving average price is $25.21. The stock has a market cap of $1.00 billion, a PE ratio of 50.85 and a beta of 0.25. TreeHouse Foods, Inc. has a 1-year low of $18.50 and a 1-year high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced 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. The firm had revenue of $801.40 million for the quarter, compared to the consensus estimate of $788.84 million. TreeHouse Foods had a return on equity of 6.35% and a net margin of 0.62%. The business's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 earnings per share. Research analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal 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.