Truist Financial Corp Decreases Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Truist Financial Corp reduced its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 10.5% in the fourth quarter, HoldingsChannel reports. The firm owned 129,193 shares of the company’s stock after selling 15,079 shares during the period. Truist Financial Corp’s holdings in TreeHouse Foods were worth $5,489,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of THS. Clearbridge Investments LLC lifted its stake in shares of TreeHouse Foods by 273.2% during the 4th quarter. Clearbridge Investments LLC now owns 666,661 shares of the company’s stock worth $28,326,000 after purchasing an additional 488,033 shares during the last quarter. Lakewood Capital Management LP purchased a new stake in shares of TreeHouse Foods during the 4th quarter worth $13,809,000. Great West Life Assurance Co. Can lifted its stake in shares of TreeHouse Foods by 788.4% during the 3rd quarter. Great West Life Assurance Co. Can now owns 254,282 shares of the company’s stock worth $2,062,000 after purchasing an additional 225,661 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of TreeHouse Foods by 148.0% during the 3rd quarter. AQR Capital Management LLC now owns 289,666 shares of the company’s stock worth $11,717,000 after purchasing an additional 172,854 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of TreeHouse Foods by 1.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,139,333 shares of the company’s stock worth $430,820,000 after purchasing an additional 114,939 shares during the last quarter.

A number of research firms have commented on THS. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $48.00 price target on shares of TreeHouse Foods in a research note on Sunday, March 14th. Barclays increased their price target on TreeHouse Foods from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 15th. Stifel Nicolaus cut TreeHouse Foods from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research note on Thursday, February 11th. Bank of America cut TreeHouse Foods from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Friday, February 12th. Finally, Credit Suisse Group lowered TreeHouse Foods from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $48.00 to $52.00 in a report on Friday, February 12th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. TreeHouse Foods currently has an average rating of “Hold” and a consensus target price of $52.10.

Shares of THS stock opened at $52.74 on Thursday. The firm has a market capitalization of $2.95 billion, a PE ratio of -527.40, a P/E/G ratio of 2.08 and a beta of 0.61. TreeHouse Foods, Inc. has a fifty-two week low of $35.15 and a fifty-two week high of $55.50. The stock’s 50-day simple moving average is $52.21 and its 200-day simple moving average is $43.85. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.96 and a current ratio of 1.69.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, February 11th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. TreeHouse Foods had a positive return on equity of 8.63% and a negative net margin of 0.12%. Sell-side analysts forecast that TreeHouse Foods, Inc. will post 2.73 earnings per share for the current year.

In other TreeHouse Foods news, SVP Clifford Braun sold 2,560 shares of the stock in a transaction that occurred on Wednesday, March 31st. The stock was sold at an average price of $52.55, for a total transaction of $134,528.00. Following the transaction, the senior vice president now owns 5,171 shares in the company, valued at $271,736.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private label packaged foods and beverages in the United States and internationally. It operates in two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.

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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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