TreeHouse Foods (NYSE:THS) Price Target Lowered to $22.00 at Mizuho

Key Points

• Mizuho has lowered its price target for TreeHouse Foods from $24.00 to $22.00, maintaining a "neutral" rating, which suggests a potential upside of 3.23% from the stock's current price.
• Several other research firms have also adjusted their price targets for TreeHouse Foods, with the average maintaining a "hold" rating and an estimated price target around $24.17.
• CEO Steven Oakland and Director Jana Partners Management have increased their stakes in TreeHouse Foods, indicating insider confidence as they acquired significant shares at approximately $21.46 and $21.85 respectively.

TreeHouse Foods (NYSE:THS - Free Report) had its target price reduced by Mizuho from $24.00 to $22.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

THS has been the subject of a number of other reports. Truist Financial lowered their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Barclays lowered 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. TD Cowen lowered their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, April 11th. Finally, Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods currently has a consensus rating of "Hold" and an average price target of $24.00.

TreeHouse Foods Stock Down 7.2%

Shares of TreeHouse Foods stock traded down $1.49 on Monday, reaching $19.08. The stock had a trading volume of 671,210 shares, compared to its average volume of 682,143. The company has a 50 day moving average price of $21.10 and a 200 day moving average price of $25.67. The company has a quick ratio of 0.27, a current ratio of 1.14 and a debt-to-equity ratio of 0.93. TreeHouse Foods has a 1 year low of $18.50 and a 1 year high of $43.84. The stock has a market capitalization of $963.69 million, a P/E ratio of 147.27 and a beta of 0.25.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.06. TreeHouse Foods had a net margin of 0.20% and a return on equity of 6.73%. The business's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 EPS. As a group, equities research analysts forecast that TreeHouse Foods will post 1.94 EPS for the current year.

Insider Activity at TreeHouse Foods

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

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in TreeHouse Foods by 1,328.7% in the 1st quarter. GAMMA Investing LLC now owns 9,644 shares of the company's stock worth $261,000 after acquiring an additional 8,969 shares in the last quarter. Northern Trust Corp increased its holdings in TreeHouse Foods by 5.9% in the 4th quarter. Northern Trust Corp now owns 502,601 shares of the company's stock worth $17,656,000 after acquiring an additional 28,029 shares in the last quarter. Principal Financial Group Inc. increased its holdings in TreeHouse Foods by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 225,073 shares of the company's stock worth $6,097,000 after acquiring an additional 1,551 shares in the last quarter. Alliancebernstein L.P. increased its holdings 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 acquiring an additional 114,380 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in TreeHouse Foods in the 4th quarter worth $337,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

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.