Wedge Capital Management L L P NC Purchases 16,751 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Wedge Capital Management L L P NC increased its stake in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 44.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.11% of TreeHouse Foods worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its stake in shares of TreeHouse Foods by 4.5% during the 4th quarter. Hsbc Holdings PLC now owns 9,024 shares of the company's stock valued at $317,000 after buying an additional 385 shares during the period. Comerica Bank boosted its position in TreeHouse Foods by 1.5% in the 4th quarter. Comerica Bank now owns 28,207 shares of the company's stock valued at $991,000 after buying an additional 407 shares during the last quarter. Bank of Montreal Can grew its stake in TreeHouse Foods by 9.6% during the 4th quarter. Bank of Montreal Can now owns 7,740 shares of the company's stock valued at $272,000 after purchasing an additional 681 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of TreeHouse Foods by 2.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,838 shares of the company's stock worth $943,000 after buying an additional 696 shares during the last quarter. Finally, Redwood Investment Management LLC increased its position in shares of TreeHouse Foods by 1.6% in the 4th quarter. Redwood Investment Management LLC now owns 67,473 shares of the company's stock worth $2,370,000 after purchasing an additional 1,032 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company's stock.

Insider Buying and Selling

In other news, CEO Steven Oakland bought 4,660 shares of the business's stock in a transaction that occurred on 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 purchase, the chief executive officer now owns 369,521 shares of the company's stock, valued at $7,929,920.66. This trade represents a 1.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp purchased 17,678 shares of the 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 now directly owns 5,482,337 shares in the company, valued at approximately $126,587,161.33. This trade represents a 0.32% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 147,123 shares of company stock valued at $3,234,741. 11.10% of the stock is owned by company insiders.

TreeHouse Foods Stock Down 4.7%

Shares of THS traded down $1.03 during mid-day trading on Friday, hitting $20.73. 438,748 shares of the company's stock were exchanged, compared to its average volume of 616,262. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a twelve month low of $20.63 and a twelve month high of $43.84. The firm has a fifty day moving average of $22.48 and a two-hundred day moving average of $28.73. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 38.39 and a beta of 0.28.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on THS shares. Jefferies Financial Group reduced their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Barclays dropped their target price on TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. TD Cowen dropped their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Truist Financial decreased their price target on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen raised shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $27.83.

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.