TreeHouse Foods, Inc. (NYSE:THS) Shares Bought by Invesco Ltd.

Invesco Ltd. increased its stake in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 37.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,745 shares of the company's stock after purchasing an additional 88,733 shares during the quarter. Invesco Ltd. owned 0.63% of TreeHouse Foods worth $11,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. grew its position in TreeHouse Foods by 456.7% during the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock worth $39,000 after buying an additional 918 shares during the period. KBC Group NV grew its holdings in shares of TreeHouse Foods by 45.1% in the 4th quarter. KBC Group NV now owns 2,820 shares of the company's stock worth $99,000 after acquiring an additional 877 shares during the period. CIBC Private Wealth Group LLC increased its stake in TreeHouse Foods by 58.2% in the 4th 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 in the last quarter. Legacy Wealth Asset Management LLC acquired a new position in TreeHouse Foods during the fourth quarter worth $216,000. Finally, New Age Alpha Advisors LLC purchased a new stake in TreeHouse Foods during the fourth quarter worth $249,000. Institutional investors and hedge funds own 99.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Jefferies Financial Group dropped their price target on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a research report on Tuesday, February 18th. TD Cowen dropped their target price 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. Barclays lifted their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 18th. Stifel Nicolaus lowered their price target on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Thursday. Finally, Truist Financial cut their price objective on TreeHouse Foods from $30.00 to $25.00 and set a "hold" rating for the company in a research report on Thursday. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $30.50.

TreeHouse Foods Trading Up 0.7 %

Shares of THS traded up $0.15 on Friday, hitting $22.44. 699,451 shares of the stock traded hands, compared to its average volume of 585,431. The firm has a market capitalization of $1.13 billion, a P/E ratio of 41.56 and a beta of 0.40. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 1 year low of $21.39 and a 1 year high of $43.84. The stock's 50 day moving average is $26.70 and its two-hundred day moving average is $32.34.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). The business had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. TreeHouse Foods's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 EPS. As a group, sell-side analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current 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.