6,136 Shares in TreeHouse Foods, Inc. (NYSE:THS) Bought by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC bought a new stake in TreeHouse Foods, Inc. (NYSE:THS) in the fourth quarter, HoldingsChannel.com reports. The fund bought 6,136 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also made changes to their positions in THS. Canada Pension Plan Investment Board bought a new position in shares of TreeHouse Foods in the second quarter worth about $37,000. Signaturefd LLC raised its holdings in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares in the last quarter. KBC Group NV grew its holdings in TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after purchasing an additional 564 shares during the last quarter. GAMMA Investing LLC grew its position in TreeHouse Foods by 95.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in TreeHouse Foods during the third quarter worth $218,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

THS has been the subject of several analyst reports. Truist Financial dropped their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. StockNews.com lowered TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Wednesday. Barclays increased their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Stifel Nicolaus cut their price target on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, TreeHouse Foods has an average rating of “Hold” and a consensus target price of $34.80.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock opened at $35.01 on Friday. The stock has a market cap of $1.79 billion, a PE ratio of -74.49 and a beta of 0.22. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 12 month low of $28.04 and a 12 month high of $43.84. The business has a fifty day simple moving average of $34.22 and a 200-day simple moving average of $37.72.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same period last year, the firm earned $0.57 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that TreeHouse Foods, Inc. will post 1.96 EPS for the current fiscal year.

TreeHouse Foods 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.