TD Asset Management Inc Cuts Stake in TreeHouse Foods, Inc. (NYSE:THS)

TD Asset Management Inc lessened its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 46.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,944 shares of the company's stock after selling 144,800 shares during the period. TD Asset Management Inc owned approximately 0.33% of TreeHouse Foods worth $4,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THS. Sterling Capital Management LLC raised its stake in shares of TreeHouse Foods by 134.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock valued at $83,000 after acquiring an additional 1,361 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in TreeHouse Foods by 58.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock valued at $142,000 after purchasing an additional 1,508 shares in the last quarter. Vident Advisory LLC acquired a new stake in TreeHouse Foods in the 4th quarter valued at about $223,000. GAMMA Investing LLC boosted its stake 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 valued at $261,000 after buying an additional 8,969 shares during the period. Finally, Bank of Montreal Can grew its position in shares of TreeHouse Foods by 9.6% during the fourth quarter. Bank of Montreal Can now owns 7,740 shares of the company's stock worth $272,000 after buying an additional 681 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on THS. Stifel Nicolaus cut their target price on shares of TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating on the stock in a research note on Tuesday. TD Cowen dropped their price objective on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Barclays reduced their price objective on shares of TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Truist Financial dropped 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. Finally, Mizuho decreased their price target on TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $24.00.

TreeHouse Foods Trading Up 1.6%

Shares of TreeHouse Foods stock opened at $19.52 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 0.98. The company has a fifty day simple moving average of $20.94 and a 200-day simple moving average of $25.44. The stock has a market cap of $985.76 million, a price-to-earnings ratio of 50.05 and a beta of 0.25. TreeHouse Foods, Inc. has a 12-month low of $18.50 and a 12-month 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, beating analysts' consensus estimates of $0.10 by $0.07. The firm had revenue of $801.40 million during the quarter, compared to analysts' expectations of $788.84 million. TreeHouse Foods had a net margin of 0.62% and a return on equity of 6.35%. TreeHouse Foods's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. On average, equities analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Insider Transactions at TreeHouse Foods

In other TreeHouse Foods news, Director Jana Partners Management, Lp bought 17,678 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $23.09 per share, for a total transaction of $408,185.02. Following the completion of the transaction, the director owned 5,482,337 shares in the company, valued at approximately $126,587,161.33. The trade was a 0.32% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven Oakland bought 4,660 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the acquisition, the chief executive officer directly owned 369,521 shares in the company, valued at approximately $7,929,920.66. This trade 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 purchased 147,123 shares of company stock valued at $3,234,741. Insiders own 11.10% of the company's stock.

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.

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