TreeHouse Foods, Inc. (NYSE:THS) Stake Lessened by New South Capital Management Inc.

New South Capital Management Inc. trimmed its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,258,817 shares of the company's stock after selling 105,413 shares during the period. TreeHouse Foods accounts for approximately 1.9% of New South Capital Management Inc.'s holdings, making the stock its 23rd largest holding. New South Capital Management Inc. owned approximately 2.46% of TreeHouse Foods worth $44,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position 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 worth $39,000 after acquiring an additional 918 shares during the last quarter. KBC Group NV raised its stake in TreeHouse Foods by 40.9% during 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 period. Oppenheimer Asset Management Inc. acquired a new position in shares of TreeHouse Foods in the 3rd quarter valued at $218,000. International Assets Investment Management LLC boosted its holdings in shares of TreeHouse Foods by 4,097.7% in the 3rd quarter. International Assets Investment Management LLC now owns 5,457 shares of the company's stock valued at $229,000 after purchasing an additional 5,327 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC purchased a new stake in shares of TreeHouse Foods during the 4th quarter valued at $216,000. Hedge funds and other institutional investors own 99.81% of the company's stock.

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TreeHouse Foods Stock Up 3.0 %

Shares of NYSE:THS traded up $0.93 during mid-day trading on Friday, hitting $31.60. 830,793 shares of the company traded hands, compared to its average volume of 537,908. The firm's 50 day simple moving average is $33.36 and its 200 day simple moving average is $36.39. The firm has a market cap of $1.59 billion, a P/E ratio of 58.51 and a beta of 0.15. 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 $28.04 and a 52-week high of $43.84.

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 analysts' consensus estimates of $0.97 by ($0.02). The firm had revenue of $905.70 million for the quarter, compared to analysts' expectations of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 EPS. On average, equities analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on THS shares. Barclays lifted their target price on TreeHouse Foods from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Tuesday, February 18th. StockNews.com raised TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday, February 18th. Consumer Edge cut TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a report on Friday, November 15th. Jefferies Financial Group cut their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial reduced their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $34.83.

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.