TreeHouse Foods, Inc. (NYSE:THS) Stock Position Lifted by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 502,601 shares of the company's stock after acquiring an additional 28,029 shares during the period. Northern Trust Corp owned 0.98% of TreeHouse Foods worth $17,656,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in THS. FMR LLC grew its position in shares of TreeHouse Foods by 90.5% during the 4th 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. Dimensional Fund Advisors LP raised its stake in TreeHouse Foods by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company's stock worth $115,818,000 after buying an additional 137,744 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in TreeHouse Foods by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company's stock worth $31,654,000 after buying an additional 32,613 shares during the last quarter. William Blair Investment Management LLC grew its holdings in TreeHouse Foods by 2.0% in the fourth quarter. William Blair Investment Management LLC now owns 898,536 shares of the company's stock worth $31,566,000 after purchasing an additional 17,225 shares during the period. Finally, Barclays PLC grew its holdings in shares of TreeHouse Foods by 7.0% during the third quarter. Barclays PLC now owns 337,657 shares of the company's stock valued at $14,175,000 after buying an additional 21,951 shares during the last quarter. 99.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com raised shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Tuesday, February 18th. Barclays cut their price objective on shares of 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. TD Cowen decreased their price objective on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a report on Friday, April 11th. Truist Financial reduced their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Finally, Stifel Nicolaus dropped their price target 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 investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $27.83.

TreeHouse Foods Stock Performance

NYSE THS traded up $0.56 during trading hours on Friday, reaching $23.32. The stock had a trading volume of 497,718 shares, compared to its average volume of 607,748. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. TreeHouse Foods, Inc. has a 52-week low of $20.63 and a 52-week high of $43.84. The stock has a fifty day moving average of $24.23 and a 200 day moving average of $30.53. The stock has a market cap of $1.18 billion, a P/E ratio of 43.19 and a beta of 0.30.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted 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. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The firm had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. During the same period in the prior year, the company earned ($0.03) EPS. The firm's revenue was down 3.5% compared to the same quarter last year. Sell-side analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Insider Transactions at TreeHouse Foods

In other news, Director Jana Partners Management, Lp purchased 17,678 shares of the business's stock in a transaction on Monday, May 12th. The shares were bought at an average price of $23.09 per share, with a total value of $408,185.02. Following the completion of the transaction, the director now directly owns 5,482,337 shares in the company, valued at approximately $126,587,161.33. This represents a 0.32% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Steven Oakland bought 4,660 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $21.46 per share, for a total transaction 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 trade represents a 1.28% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 147,123 shares of company stock worth $3,234,741. 11.10% of the stock is currently owned by company insiders.

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.