T. Rowe Price Investment Management Inc. Sells 939,108 Shares of TreeHouse Foods, Inc. (NYSE:THS)

T. Rowe Price Investment Management Inc. cut its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,186,442 shares of the company's stock after selling 939,108 shares during the quarter. T. Rowe Price Investment Management Inc. owned 10.13% of TreeHouse Foods worth $182,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted 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 valued at $39,000 after acquiring an additional 918 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock valued at $83,000 after acquiring an additional 1,361 shares during the period. KBC Group NV lifted its stake in shares of TreeHouse Foods by 45.1% during the fourth quarter. KBC Group NV now owns 2,820 shares of the company's stock worth $99,000 after purchasing an additional 877 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings 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 worth $142,000 after acquiring an additional 1,508 shares during the period. Finally, Legacy Wealth Asset Management LLC acquired a new position in TreeHouse Foods in the 4th quarter worth $216,000. 99.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on THS shares. TD Cowen reduced their price objective on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, April 11th. StockNews.com upgraded shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Tuesday, February 18th. Truist Financial reduced their price target on TreeHouse Foods from $30.00 to $25.00 and set a "hold" rating for the company in a research report on Thursday. Barclays raised 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. Finally, Jefferies Financial Group dropped their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.50.

TreeHouse Foods Price Performance

NYSE:THS traded up $0.15 during trading hours on Friday, reaching $22.44. 699,451 shares of the company were exchanged, compared to its average volume of 586,397. The business has a 50 day moving average of $26.70 and a 200 day moving average of $32.28. The company 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 debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. TreeHouse Foods, Inc. has a 1-year low of $21.39 and a 1-year high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $905.70 million during the quarter, compared to the consensus estimate of $907.71 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The firm's revenue was down .5% on a year-over-year basis. Research analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS 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.