Verition Fund Management LLC Buys New Stake in TreeHouse Foods, Inc. (NYSE:THS)

Verition Fund Management LLC purchased a new stake in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,640 shares of the company's stock, valued at approximately $1,202,000. Verition Fund Management LLC owned 0.05% of TreeHouse Foods as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in THS. Signaturefd LLC boosted its holdings in shares of TreeHouse Foods by 42.1% in the third 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 purchased a new position in shares of TreeHouse Foods during the 2nd quarter worth $37,000. Innealta Capital LLC bought a new stake in shares of TreeHouse Foods during the 2nd quarter valued at $44,000. GAMMA Investing LLC grew its position in shares of TreeHouse Foods by 304.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company's stock valued at $47,000 after acquiring an additional 972 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in shares of TreeHouse Foods in the 2nd quarter worth $67,000. 99.81% of the stock is currently owned by institutional investors.

TreeHouse Foods Price Performance

THS traded up $0.16 during trading on Friday, reaching $33.38. 514,330 shares of the company traded hands, compared to its average volume of 875,770. The company has a market cap of $1.71 billion, a P/E ratio of -71.02 and a beta of 0.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. TreeHouse Foods, Inc. has a 12-month low of $28.04 and a 12-month high of $43.84. The firm has a fifty day simple moving average of $37.22 and a 200 day simple moving average of $38.08.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). The company 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%. TreeHouse Foods's revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 EPS. On average, equities analysts forecast that TreeHouse Foods, Inc. will post 1.96 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on THS. StockNews.com lowered TreeHouse Foods from a "hold" rating to a "sell" rating in a report on Wednesday. Consumer Edge downgraded TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research note on Friday, November 15th. Barclays decreased their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 13th. Truist Financial dropped their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $34.20.

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.