D. E. Shaw & Co. Inc. Boosts Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

D. E. Shaw & Co. Inc. raised its stake in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 96.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 343,086 shares of the company's stock after acquiring an additional 168,365 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.67% of TreeHouse Foods worth $12,053,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock valued at $39,000 after purchasing an additional 918 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of TreeHouse Foods by 134.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock valued at $83,000 after acquiring an additional 1,361 shares in the last quarter. KBC Group NV boosted its holdings in TreeHouse Foods by 45.1% in the fourth quarter. KBC Group NV now owns 2,820 shares of the company's stock valued at $99,000 after purchasing an additional 877 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock valued at $142,000 after purchasing an additional 1,508 shares during the period. Finally, Legacy Wealth Asset Management LLC acquired a new position in TreeHouse Foods during the 4th quarter worth $216,000. Hedge funds and other institutional investors own 99.81% of the company's stock.

Insider Buying and Selling at TreeHouse Foods

In other news, CEO Steven Oakland bought 4,660 shares of the stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $21.46 per share, with a total value of $100,003.60. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jana Partners Management, Lp purchased 124,785 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were purchased at an average cost of $21.85 per share, with a total value of $2,726,552.25. Following the purchase, the director now directly owns 5,040,533 shares in the company, valued at approximately $110,135,646.05. The trade was a 2.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 147,123 shares of company stock valued at $3,234,741 in the last ninety days. Insiders own 11.10% of the company's stock.

TreeHouse Foods Stock Performance

Shares of NYSE THS traded down $0.14 during trading hours on Monday, reaching $23.18. The stock had a trading volume of 47,323 shares, compared to its average volume of 605,584. The firm has a 50-day moving average of $24.23 and a 200-day moving average of $30.49. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 43.04 and a beta of 0.30. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $43.84.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus reduced 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. StockNews.com upgraded TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday, February 18th. Truist Financial lowered their price objective on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. TD Cowen cut their target price on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Finally, Barclays decreased their target price on TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods presently has a consensus rating of "Hold" and an average price target of $27.83.

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.