XTX Topco Ltd Invests $460,000 in TreeHouse Foods, Inc. (NYSE:THS)

Key Points

• XTX Topco Ltd has acquired 16,983 shares of TreeHouse Foods, Inc., valued at approximately $460,000, reflecting growing institutional interest in the company.
• Several investment firms, including Hsbc Holdings PLC and Comerica Bank, have increased their stakes in TreeHouse Foods, contributing to a total of 99.81% ownership by institutional investors.
• Analysts have downgraded their price targets for TreeHouse Foods, with consensus ratings indicating a "Hold" and an average target price of $24.00 per share.

XTX Topco Ltd purchased a new position in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,983 shares of the company's stock, valued at approximately $460,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in THS. Sterling Capital Management LLC grew its position in shares of TreeHouse Foods by 134.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock worth $83,000 after buying an additional 1,361 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of TreeHouse Foods during the 4th quarter worth $223,000. GAMMA Investing LLC lifted its stake in shares of TreeHouse Foods by 1,328.7% during the 1st quarter. GAMMA Investing LLC now owns 9,644 shares of the company's stock worth $261,000 after purchasing an additional 8,969 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of TreeHouse Foods by 9.6% during the 4th quarter. Bank of Montreal Can now owns 7,740 shares of the company's stock worth $272,000 after purchasing an additional 681 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of TreeHouse Foods during the 4th quarter worth $295,000. Institutional investors own 99.81% of the company's stock.

Insider Activity

In other news, Director Jana Partners Management, Lp acquired 17,678 shares of TreeHouse Foods stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $23.09 per share, for a total transaction of $408,185.02. Following the completion of the purchase, the director directly owned 5,482,337 shares in the company, valued at $126,587,161.33. This trade represents a 0.32% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on THS. Barclays decreased their price objective on 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. Mizuho decreased their price objective 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. Truist Financial decreased their price objective on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Finally, Stifel Nicolaus decreased their price objective on TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods currently has a consensus rating of "Hold" and an average price target of $24.00.

TreeHouse Foods Stock Down 2.5%

Shares of THS stock traded down $0.49 during trading hours on Friday, reaching $18.65. 574,194 shares of the company's stock were exchanged, compared to its average volume of 616,783. TreeHouse Foods, Inc. has a 1 year low of $18.49 and a 1 year high of $43.84. The stock has a market cap of $941.57 million, a PE ratio of 47.81 and a beta of 0.25. The company has a current ratio of 1.26, a quick ratio of 0.38 and a debt-to-equity ratio of 0.98. The stock's fifty day moving average price is $20.62 and its two-hundred day moving average price is $24.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.07. TreeHouse Foods had a return on equity of 6.35% and a net margin of 0.62%. The business had revenue of $801.40 million for the quarter, compared to analyst estimates of $788.84 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. Research analysts predict that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

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.