Fmr LLC Acquires 600,723 Shares of TreeHouse Foods, Inc. (NYSE:THS)

FMR LLC grew its stake in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 28.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,740,048 shares of the company's stock after buying an additional 600,723 shares during the quarter. FMR LLC owned approximately 5.21% of TreeHouse Foods worth $115,027,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of THS. Shapiro Capital Management LLC raised its position in TreeHouse Foods by 22.0% in the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company's stock valued at $58,163,000 after purchasing an additional 286,770 shares during the last quarter. New South Capital Management Inc. raised its holdings in TreeHouse Foods by 22.4% in the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company's stock valued at $50,217,000 after buying an additional 250,399 shares during the last quarter. Chartwell Investment Partners LLC acquired a new stake in TreeHouse Foods during the 3rd quarter worth approximately $8,042,000. Harbor Capital Advisors Inc. grew its holdings in TreeHouse Foods by 68.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company's stock worth $12,803,000 after acquiring an additional 123,669 shares during the last quarter. Finally, Engine Capital Management LP increased its position in TreeHouse Foods by 319.5% in the 2nd quarter. Engine Capital Management LP now owns 152,832 shares of the company's stock valued at $5,600,000 after acquiring an additional 116,396 shares during the period. 99.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

THS has been the topic of a number of recent research reports. Mizuho lifted their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, August 26th. StockNews.com downgraded TreeHouse Foods from a "hold" rating to a "sell" rating in a report on Wednesday. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. Consumer Edge cut TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a report on Friday, November 15th. Finally, Truist Financial lowered their price target on shares of TreeHouse Foods from $35.00 to $30.00 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 assigned a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $34.20.

TreeHouse Foods Stock Up 0.6 %

THS traded up $0.21 during trading on Thursday, hitting $33.24. 740,442 shares of the company's stock were exchanged, compared to its average volume of 524,986. 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 business's 50 day moving average is $37.56 and its two-hundred day moving average is $38.11. The stock has a market cap of $1.70 billion, a P/E ratio of -69.83 and a beta of 0.23. TreeHouse Foods, Inc. has a fifty-two week low of $28.04 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). The firm had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm's revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. As a group, equities analysts expect that TreeHouse Foods, Inc. will post 2.08 earnings per share 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.