State Street Corp Has $77.70 Million Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

State Street Corp reduced its position in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,850,857 shares of the company's stock after selling 39,696 shares during the quarter. State Street Corp owned about 3.61% of TreeHouse Foods worth $77,699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in THS. Signaturefd LLC lifted its position in shares of TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company's stock worth $42,000 after buying an additional 296 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of TreeHouse Foods in the second quarter worth about $37,000. Innealta Capital LLC acquired a new stake in shares of TreeHouse Foods in the 2nd quarter valued at approximately $44,000. Rothschild Investment LLC acquired a new stake in shares of TreeHouse Foods in the 2nd quarter valued at approximately $67,000. Finally, KBC Group NV grew its holdings in shares of TreeHouse Foods by 40.9% during the 3rd quarter. KBC Group NV now owns 1,943 shares of the company's stock valued at $82,000 after purchasing an additional 564 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on THS shares. StockNews.com lowered shares of TreeHouse Foods from a "hold" rating to a "sell" rating in a research report on Thursday, December 12th. Truist Financial dropped their price target on TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, November 13th. Stifel Nicolaus reduced their price objective on TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. Barclays dropped their target price on TreeHouse Foods from $39.00 to $32.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 13th. Finally, Consumer Edge cut TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $34.20.

TreeHouse Foods Trading Down 2.6 %

Shares of NYSE THS traded down $0.87 during trading on Wednesday, reaching $33.13. The company had a trading volume of 516,442 shares, compared to its average volume of 526,644. TreeHouse Foods, Inc. has a 12 month low of $28.04 and a 12 month high of $43.84. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.70 billion, a P/E ratio of -70.49 and a beta of 0.23. The company's fifty day moving average price is $36.30 and its 200-day moving average price is $38.03.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.74 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 company had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same quarter in the previous year, the company earned $0.57 earnings per share. The business's revenue was down 1.0% on a year-over-year basis. As a group, research analysts expect that TreeHouse Foods, Inc. will post 1.96 earnings per share for the current year.

TreeHouse Foods Company 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.