Wedge Capital Management L L P NC Has $1.48 Million Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

Wedge Capital Management L L P NC lifted its position in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 44.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 54,765 shares of the company's stock after purchasing an additional 16,751 shares during the quarter. Wedge Capital Management L L P NC owned 0.11% of TreeHouse Foods worth $1,484,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. 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. lifted 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 in the last quarter. Raymond James Financial Inc. bought a new stake in TreeHouse Foods during the 4th quarter worth about $10,362,000. Kestrel Investment Management Corp acquired a new stake in TreeHouse Foods in the 4th quarter valued at about $6,058,000. Finally, D. E. Shaw & Co. Inc. increased its position in TreeHouse Foods by 96.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 343,086 shares of the company's stock valued at $12,053,000 after acquiring an additional 168,365 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company's stock.

Analyst Ratings Changes

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

TreeHouse Foods Trading Down 0.1%

Shares of THS stock traded down $0.02 during trading hours on Thursday, reaching $21.74. The company had a trading volume of 436,734 shares, compared to its average volume of 614,396. TreeHouse Foods, Inc. has a 1-year low of $20.63 and a 1-year high of $43.84. 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 cap of $1.10 billion, a price-to-earnings ratio of 40.26 and a beta of 0.28. The company has a 50 day moving average of $22.51 and a 200 day moving average of $28.88.

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

Insider Activity at TreeHouse Foods

In other news, CEO Steven Oakland purchased 4,660 shares of TreeHouse Foods stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $21.46 per share, with a total value of $100,003.60. Following the completion of the transaction, the chief executive officer now directly owns 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jana Partners Management, Lp acquired 17,678 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $23.09 per share, with a total value of $408,185.02. Following the transaction, the director now owns 5,482,337 shares in the company, valued at $126,587,161.33. This represents a 0.32% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 147,123 shares of company stock worth $3,234,741. 11.10% of the stock is currently owned by company insiders.

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.