T. Rowe Price Investment Management Inc. Decreases Position in TreeHouse Foods, Inc. $THS

Key Points

• T. Rowe Price Investment Management Inc. has reduced its stake in TreeHouse Foods, Inc. by 31.2%, bringing its holdings to approximately $96.7 million after selling over 1.6 million shares.
• TreeHouse Foods reported earnings of $0.17 per share for the last quarter, exceeding analyst estimates of $0.10, with a 1.2% year-over-year revenue growth.
• Several analysts have lowered their price targets for TreeHouse Foods stock, with average consensus at $24.00 and a "Hold" rating from seven equities research analysts.

T. Rowe Price Investment Management Inc. decreased its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 31.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,569,174 shares of the company's stock after selling 1,617,268 shares during the period. T. Rowe Price Investment Management Inc. owned 7.07% of TreeHouse Foods worth $96,689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of TreeHouse Foods by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 5,573,043 shares of the company's stock valued at $150,974,000 after acquiring an additional 77,457 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of TreeHouse Foods by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company's stock worth $115,818,000 after purchasing an additional 137,744 shares during the last quarter. Sessa Capital IM L.P. lifted its holdings in TreeHouse Foods by 121.9% in the fourth quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company's stock valued at $113,908,000 after acquiring an additional 1,781,179 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in TreeHouse Foods by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 936,493 shares of the company's stock worth $25,370,000 after purchasing an additional 35,429 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in TreeHouse Foods by 5.9% in the fourth 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 last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Trading Up 2.0%

NYSE:THS traded up $0.35 during mid-day trading on Wednesday, hitting $18.04. 123,009 shares of the company's stock were exchanged, compared to its average volume of 713,408. The company has a current ratio of 1.26, a quick ratio of 0.38 and a debt-to-equity ratio of 0.98. TreeHouse Foods, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $43.84. The company has a 50 day simple moving average of $19.84 and a 200-day simple moving average of $23.50. The firm has a market capitalization of $910.77 million, a P/E ratio of 46.17 and a beta of 0.25.

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 (EPS) 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 net margin of 0.62% and a return on equity of 6.35%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 earnings per share. TreeHouse Foods has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on THS. Stifel Nicolaus cut their price objective on TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Truist Financial decreased their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Barclays decreased their target price on shares of TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 15th. Finally, Mizuho decreased their target price on TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $24.00.

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.