Russell Investments Group Ltd. Cuts Position in TreeHouse Foods, Inc. (NYSE:THS)

Russell Investments Group Ltd. lowered its position in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 24.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 476,692 shares of the company's stock after selling 156,376 shares during the quarter. Russell Investments Group Ltd. owned 0.86% of TreeHouse Foods worth $19,759,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in THS. NBC Securities Inc. bought a new stake in TreeHouse Foods in the third quarter worth $37,000. GAMMA Investing LLC bought a new position in TreeHouse Foods during the fourth quarter valued at $52,000. International Assets Investment Management LLC increased its position in TreeHouse Foods by 4,045.4% during the fourth quarter. International Assets Investment Management LLC now owns 5,389 shares of the company's stock valued at $223,000 after acquiring an additional 5,259 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in TreeHouse Foods during the third quarter valued at $241,000. Finally, MRA Advisory Group bought a new position in TreeHouse Foods during the third quarter valued at $253,000. Hedge funds and other institutional investors own 99.81% of the company's stock.

Analyst Upgrades and Downgrades

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

TreeHouse Foods Stock Down 1.0 %

NYSE:THS traded down $0.37 during mid-day trading on Friday, reaching $37.26. The company's stock had a trading volume of 469,362 shares, compared to its average volume of 524,747. TreeHouse Foods, Inc. has a 1 year low of $34.76 and a 1 year high of $55.30. The stock has a fifty day moving average of $37.07 and a 200-day moving average of $39.66. The firm has a market capitalization of $2.01 billion, a PE ratio of 39.27 and a beta of 0.35. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

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