Sapience Investments LLC Sells 88,829 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Sapience Investments LLC cut its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 60.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,161 shares of the company's stock after selling 88,829 shares during the quarter. Sapience Investments LLC owned about 0.11% of TreeHouse Foods worth $2,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its position in shares of TreeHouse Foods by 90.5% during the fourth quarter. FMR LLC now owns 5,219,543 shares of the company's stock worth $183,363,000 after purchasing an additional 2,479,495 shares in the last quarter. Sessa Capital IM L.P. boosted its position in shares of TreeHouse Foods by 121.9% during the fourth quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company's stock worth $113,908,000 after purchasing an additional 1,781,179 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of TreeHouse Foods during the fourth quarter worth $10,362,000. Kestrel Investment Management Corp bought a new position in shares of TreeHouse Foods during the fourth quarter worth $6,058,000. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of TreeHouse Foods by 96.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 343,086 shares of the company's stock worth $12,053,000 after purchasing an additional 168,365 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

TreeHouse Foods Stock Up 1.6%

THS stock traded up $0.36 during midday trading on Tuesday, hitting $23.57. The company's stock had a trading volume of 509,256 shares, compared to its average volume of 607,485. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. TreeHouse Foods, Inc. has a twelve month low of $20.63 and a twelve month high of $43.84. The company's fifty day moving average price is $24.04 and its 200 day moving average price is $30.35. The stock has a market capitalization of $1.19 billion, a P/E ratio of 43.65 and a beta of 0.30.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. During the same quarter last year, the firm posted ($0.03) EPS. The company's quarterly revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts predict that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Analyst Ratings Changes

THS has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Truist Financial dropped their price objective 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. Jefferies Financial Group dropped their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus dropped their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $27.83.

Insider Buying and Selling

In related news, CEO Steven Oakland bought 4,660 shares of TreeHouse Foods stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average price of $21.46 per share, with a total value of $100,003.60. Following the acquisition, the chief executive officer now owns 369,521 shares of the company's stock, valued at approximately $7,929,920.66. This represents a 1.28% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp bought 124,785 shares of TreeHouse Foods stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $21.85 per share, with a total value of $2,726,552.25. Following the acquisition, the director now directly owns 5,040,533 shares in the company, valued at $110,135,646.05. This trade represents a 2.54% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 147,123 shares of company stock valued at $3,234,741. Company insiders own 11.10% of the company's stock.

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.