Louisiana State Employees Retirement System Buys Shares of 25,200 TreeHouse Foods, Inc. (NYSE:THS)

Louisiana State Employees Retirement System acquired a new stake in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,200 shares of the company's stock, valued at approximately $1,045,000.

Other hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in shares of TreeHouse Foods in the third quarter valued at $37,000. International Assets Investment Management LLC lifted its stake in shares of TreeHouse Foods by 4,045.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,389 shares of the company's stock worth $223,000 after acquiring an additional 5,259 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in TreeHouse Foods in the third quarter valued at about $241,000. MRA Advisory Group bought a new stake in shares of TreeHouse Foods in the third quarter worth $253,000. Finally, Verdence Capital Advisors LLC lifted its position in shares of TreeHouse Foods by 5.3% during the third quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company's stock worth $261,000 after purchasing an additional 303 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company's stock.

Wall Street Analyst Weigh In

Separately, Truist Financial cut TreeHouse Foods from a "buy" rating to a "hold" rating and cut their price objective for the company from $45.00 to $35.00 in a research note on Tuesday, February 20th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $46.67.

TreeHouse Foods Price Performance

THS stock traded down $0.87 during trading hours on Thursday, hitting $35.89. 435,859 shares of the stock traded hands, compared to its average volume of 530,191. TreeHouse Foods, Inc. has a one year low of $34.76 and a one year high of $55.30. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. The stock has a 50-day simple moving average of $37.13 and a 200 day simple moving average of $39.81. The company has a market cap of $1.93 billion, a P/E ratio of 37.97 and a beta of 0.35.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its earnings results on Friday, February 16th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.71 by $0.06. The business had revenue of $910.60 million during the quarter, compared to analysts' expectations of $924.87 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. TreeHouse Foods's revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Equities analysts forecast that TreeHouse Foods, Inc. will post 2.22 earnings per share 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.