Charles Schwab Investment Management Inc. Acquires 14,297 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Charles Schwab Investment Management Inc. grew its position in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 1.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 868,451 shares of the company's stock after acquiring an additional 14,297 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.65% of TreeHouse Foods worth $36,458,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on THS. Truist Financial cut their price objective on TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating on the stock in a 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 on the stock in a report on Wednesday, November 13th. Stifel Nicolaus dropped their target price on TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, November 13th. Consumer Edge downgraded TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a report on Friday, November 15th. Finally, Mizuho raised their target price on TreeHouse Foods from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $34.20.

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock traded down $0.76 on Tuesday, hitting $34.34. 420,316 shares of the company traded hands, compared to its average volume of 523,763. The company has a 50-day moving average price of $37.85 and a 200 day moving average price of $38.15. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 12-month low of $28.04 and a 12-month 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 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 for the quarter, compared to analysts' expectations of $881.15 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The company's revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts predict that TreeHouse Foods, Inc. will post 2.08 EPS 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.