Voloridge Investment Management LLC Makes New $5.61 Million Investment in TreeHouse Foods, Inc. (NYSE:THS)

Voloridge Investment Management LLC purchased a new position in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 159,787 shares of the company's stock, valued at approximately $5,613,000. Voloridge Investment Management LLC owned 0.31% of TreeHouse Foods at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vident Advisory LLC acquired a new position in TreeHouse Foods in the 4th quarter worth $223,000. Two Sigma Advisers LP acquired a new position in TreeHouse Foods in the 4th quarter worth $696,000. Two Sigma Investments LP lifted its holdings in TreeHouse Foods by 105.1% in the 4th quarter. Two Sigma Investments LP now owns 152,698 shares of the company's stock worth $5,364,000 after buying an additional 78,250 shares in the last quarter. Sessa Capital IM L.P. lifted its holdings in TreeHouse Foods by 121.9% in 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. Finally, Redwood Investment Management LLC lifted its holdings in 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 buying an additional 1,032 shares in the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jana Partners Management, Lp bought 124,785 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $21.85 per share, for a total transaction of $2,726,552.25. Following the transaction, the director now owns 5,040,533 shares in the company, valued at approximately $110,135,646.05. This trade represents a 2.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Steven Oakland bought 4,660 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $21.46 per share, with a total value of $100,003.60. Following the transaction, the chief executive officer now owns 369,521 shares in the company, valued at $7,929,920.66. The trade was a 1.28% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 147,123 shares of company stock worth $3,234,741 over the last quarter. 11.10% of the stock is owned by company insiders.

TreeHouse Foods Stock Down 0.1%

Shares of TreeHouse Foods stock traded down $0.02 during trading on Friday, reaching $22.50. The company had a trading volume of 499,532 shares, compared to its average volume of 609,408. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 41.67 and a beta of 0.30. TreeHouse Foods, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $43.84. The firm's fifty day moving average is $23.30 and its 200-day moving average is $29.59. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping 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 net margin of 0.80% and a return on equity of 6.42%. TreeHouse Foods's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) earnings per share. On average, analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays cut their price objective on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus cut their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. TD Cowen cut their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group cut their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a research note on Tuesday, February 18th. Finally, Truist Financial cut their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $27.83.

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.