First Trust Advisors LP Sells 19,404 Shares of TreeHouse Foods, Inc. (NYSE:THS)

First Trust Advisors LP reduced its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 55.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,788 shares of the company's stock after selling 19,404 shares during the quarter. First Trust Advisors LP's holdings in TreeHouse Foods were worth $555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in THS. Raymond James Financial Inc. acquired a new position in TreeHouse Foods in the fourth quarter valued at approximately $10,362,000. Entropy Technologies LP acquired a new position in shares of TreeHouse Foods during the 4th quarter valued at $333,000. JPMorgan Chase & Co. boosted its stake in TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company's stock worth $13,284,000 after acquiring an additional 206,411 shares in the last quarter. Roberts Wealth Advisors LLC grew its holdings in TreeHouse Foods by 297.4% in the fourth quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company's stock worth $2,858,000 after purchasing an additional 63,804 shares during the period. Finally, Barclays PLC grew its holdings in TreeHouse Foods by 7.0% in the third quarter. Barclays PLC now owns 337,657 shares of the company's stock worth $14,175,000 after purchasing an additional 21,951 shares during the period. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on THS shares. Jefferies Financial Group cut their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus cut their price target on TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. TD Cowen decreased their price objective on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a report on Friday, April 11th. Barclays lowered their target price on TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Truist Financial decreased their price objective on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods presently has an average rating of "Hold" and an average price target of $27.83.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock traded up $0.45 on Monday, reaching $23.05. 858,094 shares of the company traded hands, compared to its average volume of 600,977. TreeHouse Foods, Inc. has a 52 week low of $20.63 and a 52 week high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. The company has a 50 day moving average of $24.88 and a 200 day moving average of $30.88. The firm has a market capitalization of $1.16 billion, a PE ratio of 42.68 and a beta of 0.30.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.24. The business had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The company's revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. Equities analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Insider Buying and Selling

In other TreeHouse Foods news, Director Jana Partners Management, Lp purchased 17,678 shares of the firm's stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $23.09 per share, with a total value of $408,185.02. Following the completion of the purchase, the director now owns 5,482,337 shares of the company's stock, valued at $126,587,161.33. The trade was a 0.32% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven Oakland purchased 4,660 shares of the business's stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $21.46 per share, with a total value of $100,003.60. Following the completion of the transaction, the chief executive officer now owns 369,521 shares of the company's stock, valued at approximately $7,929,920.66. This trade represents a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 147,123 shares of company stock valued at $3,234,741. Corporate insiders own 11.10% of the company's stock.

TreeHouse Foods Company 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.