Everence Capital Management Inc. Increases Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Everence Capital Management Inc. lifted its position in TreeHouse Foods, Inc. (NYSE:THSGet Rating) by 50.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,670 shares of the company’s stock after purchasing an additional 3,230 shares during the quarter. Everence Capital Management Inc.’s holdings in TreeHouse Foods were worth $312,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in THS. Captrust Financial Advisors raised its stake in shares of TreeHouse Foods by 133.2% in the third quarter. Captrust Financial Advisors now owns 1,723 shares of the company’s stock worth $69,000 after purchasing an additional 984 shares during the last quarter. Maverick Capital Ltd. raised its position in TreeHouse Foods by 94.9% during the third quarter. Maverick Capital Ltd. now owns 1,832 shares of the company’s stock valued at $73,000 after acquiring an additional 892 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in TreeHouse Foods during the fourth quarter valued at approximately $211,000. Humankind Investments LLC raised its position in TreeHouse Foods by 8.0% during the fourth quarter. Humankind Investments LLC now owns 5,465 shares of the company’s stock valued at $221,000 after acquiring an additional 404 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its position in TreeHouse Foods by 19.2% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,200 shares of the company’s stock valued at $251,000 after acquiring an additional 1,000 shares in the last quarter.

Shares of THS opened at $39.64 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.49 and a debt-to-equity ratio of 1.02. TreeHouse Foods, Inc. has a 12 month low of $29.47 and a 12 month high of $47.47. The stock’s 50 day moving average is $36.91 and its two-hundred day moving average is $37.47. The firm has a market cap of $2.22 billion, a P/E ratio of -132.13 and a beta of 0.44.

TreeHouse Foods (NYSE:THSGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.40. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. TreeHouse Foods had a positive return on equity of 2.03% and a negative net margin of 0.39%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Equities research analysts forecast that TreeHouse Foods, Inc. will post 1.32 EPS for the current year.

THS has been the subject of several recent research reports. TheStreet upgraded TreeHouse Foods from a “d+” rating to a “c-” rating in a research report on Tuesday, May 24th. StockNews.com initiated coverage on TreeHouse Foods in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Truist Financial upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $50.00 in a research report on Monday, May 23rd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

TreeHouse Foods Profile (Get Rating)

TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. It operates through two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.

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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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