New South Capital Management Inc. Cuts Position in TreeHouse Foods, Inc. (NYSE:THS)

New South Capital Management Inc. trimmed its position in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 35.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 817,698 shares of the company's stock after selling 441,119 shares during the period. New South Capital Management Inc. owned about 1.63% of TreeHouse Foods worth $22,151,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of TreeHouse Foods by 1,328.7% in the first 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 last quarter. Raymond James Financial Inc. purchased a new position in TreeHouse Foods during the fourth quarter worth about $10,362,000. Northern Trust Corp grew its stake in shares of TreeHouse Foods by 5.9% in the 4th quarter. Northern Trust Corp now owns 502,601 shares of the company's stock valued at $17,656,000 after buying an additional 28,029 shares during the period. Alliancebernstein L.P. increased its holdings in shares of TreeHouse Foods by 218.3% during the 4th quarter. Alliancebernstein L.P. now owns 166,767 shares of the company's stock worth $5,859,000 after buying an additional 114,380 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of TreeHouse Foods during the 4th quarter worth approximately $337,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Trading Down 0.7%

NYSE THS traded down $0.14 on Friday, reaching $20.90. The stock had a trading volume of 391,555 shares, compared to its average volume of 624,637. The company has a quick ratio of 0.27, a current ratio of 1.14 and a debt-to-equity ratio of 0.93. The stock has a fifty day moving average price of $21.86 and a two-hundred day moving average price of $27.32. TreeHouse Foods, Inc. has a 12-month low of $19.29 and a 12-month high of $43.84. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 160.78 and a beta of 0.25.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a return on equity of 6.73% and a net margin of 0.20%. The firm had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.66 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The company's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Insider Activity at TreeHouse Foods

In related news, CEO Steven Oakland acquired 4,660 shares of TreeHouse Foods stock in a transaction dated Thursday, May 8th. The shares were 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 owned 369,521 shares in the company, valued at approximately $7,929,920.66. The trade was a 1.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jana Partners Management, Lp purchased 124,785 shares of TreeHouse Foods stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $21.85 per share, for a total transaction of $2,726,552.25. Following the transaction, the director directly owned 5,040,533 shares in the company, valued at $110,135,646.05. This represents a 2.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 147,123 shares of company stock valued at $3,234,741 in the last three months. 11.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. 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 report on Thursday, May 8th. Barclays decreased 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. TD Cowen lowered their price target on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus cut their price objective 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. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has a consensus rating of "Hold" and an average price target of $27.83.

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.