XTX Topco Ltd Purchases Shares of 16,983 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 acquired a new position in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,983 shares of the company's stock, valued at approximately $460,000.

Several other institutional investors also recently modified their holdings of THS. Alliancebernstein L.P. grew its stake in TreeHouse Foods by 218.3% in 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 in the last quarter. Wells Fargo & Company MN increased its holdings in shares of TreeHouse Foods by 23.7% in the 4th quarter. Wells Fargo & Company MN now owns 29,376 shares of the company's stock worth $1,032,000 after buying an additional 5,622 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of TreeHouse Foods by 54.1% in the 4th quarter. Federated Hermes Inc. now owns 57,849 shares of the company's stock worth $2,032,000 after buying an additional 20,319 shares during the last quarter. FMR LLC increased its holdings in shares of TreeHouse Foods by 90.5% in the 4th quarter. FMR LLC now owns 5,219,543 shares of the company's stock worth $183,363,000 after buying an additional 2,479,495 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of TreeHouse Foods by 9.6% in the 4th quarter. Bank of Montreal Can now owns 7,740 shares of the company's stock worth $272,000 after buying an additional 681 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

THS has been the topic of a number of research analyst reports. Mizuho decreased their price target on shares of TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Stifel Nicolaus decreased their price target on shares of TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating on the stock in a 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 report on Thursday, May 8th. Finally, Barclays decreased their price target on shares of TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods has a consensus rating of "Hold" and an average target price of $24.00.

TreeHouse Foods Trading Up 4.4%

Shares of THS stock traded up $0.77 on Tuesday, hitting $18.35. 302,184 shares of the company's stock traded hands, compared to its average volume of 686,419. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.38 and a current ratio of 1.26. TreeHouse Foods, Inc. has a one year low of $17.54 and a one year high of $43.84. The company's fifty day simple moving average is $20.53 and its 200 day simple moving average is $24.66. The stock has a market capitalization of $926.42 million, a price-to-earnings ratio of 47.09 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 EPS 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 analysts' expectations of $788.84 million. During the same period in the previous year, the firm earned $0.29 EPS. The business's quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

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.