Mitsubishi UFJ Trust & Banking Corp Trims Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of TreeHouse Foods, Inc. (NYSE:THSGet Rating) by 25.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,484 shares of the company’s stock after selling 869 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in TreeHouse Foods were worth $104,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Shell Asset Management Co. boosted its position in shares of TreeHouse Foods by 32.3% during the second quarter. Shell Asset Management Co. now owns 9,140 shares of the company’s stock worth $382,000 after buying an additional 2,229 shares during the period. Rice Hall James & Associates LLC boosted its holdings in TreeHouse Foods by 1.9% during the 2nd quarter. Rice Hall James & Associates LLC now owns 37,978 shares of the company’s stock valued at $1,588,000 after acquiring an additional 707 shares during the period. Texas Permanent School Fund grew its position in TreeHouse Foods by 2.4% in the 2nd quarter. Texas Permanent School Fund now owns 40,489 shares of the company’s stock valued at $1,693,000 after acquiring an additional 941 shares in the last quarter. Meeder Asset Management Inc. increased its stake in TreeHouse Foods by 2,100.0% during the second quarter. Meeder Asset Management Inc. now owns 1,892 shares of the company’s stock worth $79,000 after purchasing an additional 1,806 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in shares of TreeHouse Foods during the second quarter worth about $165,000.

Insider Buying and Selling

In other TreeHouse Foods news, Director Ann Sardini sold 16,830 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $45.00, for a total value of $757,350.00. Following the sale, the director now directly owns 6,883 shares of the company’s stock, valued at approximately $309,735. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.93% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

THS has been the subject of a number of research reports. Truist Financial lifted their price objective on shares of TreeHouse Foods from $50.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, August 9th. Credit Suisse Group boosted their price target on shares of TreeHouse Foods to $47.00 in a research note on Monday, August 15th. Finally, StockNews.com began coverage on TreeHouse Foods in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock opened at $48.74 on Thursday. The business has a 50-day simple moving average of $46.53 and a 200-day simple moving average of $44.06. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.23 and a current ratio of 1.74. TreeHouse Foods, Inc. has a one year low of $29.47 and a one year high of $51.04. The company has a market cap of $2.73 billion, a PE ratio of -17.99 and a beta of 0.46.

TreeHouse Foods Company 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.

See Also

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

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