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

Verition Fund Management LLC bought a new position in shares of TreeHouse Foods, Inc. (NYSE:THSGet Rating) during the 1st quarter, HoldingsChannel reports. The firm bought 19,166 shares of the company’s stock, valued at approximately $618,000.

Several other institutional investors have also recently made changes to their positions in THS. Leeward Investments LLC MA purchased a new stake in shares of TreeHouse Foods during the first quarter worth $32,561,000. Shapiro Capital Management LLC lifted its position in shares of TreeHouse Foods by 47.7% during the first quarter. Shapiro Capital Management LLC now owns 2,628,233 shares of the company’s stock worth $84,787,000 after acquiring an additional 848,909 shares in the last quarter. Sasco Capital Inc. CT lifted its position in shares of TreeHouse Foods by 89.3% during the first quarter. Sasco Capital Inc. CT now owns 842,240 shares of the company’s stock worth $27,171,000 after acquiring an additional 397,270 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of TreeHouse Foods by 21.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,100,638 shares of the company’s stock worth $67,767,000 after acquiring an additional 371,394 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of TreeHouse Foods by 23.3% during the first quarter. Brown Advisory Inc. now owns 1,047,326 shares of the company’s stock worth $33,986,000 after acquiring an additional 197,715 shares in the last quarter.

Insider Activity at TreeHouse Foods

In related news, Director Jana Partners Llc sold 267,438 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $49.68, for a total value of $13,286,319.84. Following the transaction, the director now owns 4,863,659 shares of the company’s stock, valued at $241,626,579.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jana Partners Llc sold 267,438 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $49.68, for a total value of $13,286,319.84. Following the transaction, the director now owns 4,863,659 shares of the company’s stock, valued at $241,626,579.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann Sardini sold 16,830 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $45.00, for a total value of $757,350.00. Following the transaction, the director now directly owns 6,883 shares in the company, valued at $309,735. The disclosure for this sale can be found here. Insiders have sold a total of 352,513 shares of company stock valued at $17,375,391 over the last 90 days. 0.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Credit Suisse Group upped their price target on shares of TreeHouse Foods to $47.00 in a report on Monday, August 15th. Truist Financial upped their price target on shares of TreeHouse Foods from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th.

TreeHouse Foods Trading Down 0.6 %

TreeHouse Foods stock opened at $44.11 on Friday. The stock has a market cap of $2.47 billion, a P/E ratio of -45.01 and a beta of 0.36. TreeHouse Foods, Inc. has a fifty-two week low of $29.47 and a fifty-two week high of $50.39. The firm’s fifty day moving average price is $45.51 and its 200-day moving average price is $39.70. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.42 and a current ratio of 1.15.

TreeHouse Foods (NYSE:THSGet Rating) last released its earnings results on Monday, August 8th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.12 billion. TreeHouse Foods had a positive return on equity of 1.15% and a negative net margin of 1.19%. The firm’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Equities research analysts forecast that TreeHouse Foods, Inc. will post 1.37 earnings per share for the current fiscal year.

About TreeHouse Foods

(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.

See Also

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

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