New York State Teachers Retirement System Sells 5,723 Shares of TreeHouse Foods, Inc. (NYSE:THS)

New York State Teachers Retirement System lowered its position in TreeHouse Foods, Inc. (NYSE:THS) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,415 shares of the company’s stock after selling 5,723 shares during the period. New York State Teachers Retirement System owned 0.13% of TreeHouse Foods worth $2,960,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James & Associates grew its holdings in TreeHouse Foods by 5.2% during the 1st quarter. Raymond James & Associates now owns 32,412 shares of the company’s stock worth $1,046,000 after acquiring an additional 1,607 shares during the period. Citigroup Inc. lifted its position in TreeHouse Foods by 9.4% in the 1st quarter. Citigroup Inc. now owns 51,469 shares of the company’s stock valued at $1,660,000 after acquiring an additional 4,405 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in TreeHouse Foods by 18.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,652 shares of the company’s stock worth $182,000 after buying an additional 900 shares in the last quarter. Bank of Montreal Can lifted its position in TreeHouse Foods by 72.2% during the 1st quarter. Bank of Montreal Can now owns 36,709 shares of the company’s stock worth $1,198,000 after buying an additional 15,386 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in TreeHouse Foods by 52.8% during the 1st quarter. MetLife Investment Management LLC now owns 28,727 shares of the company’s stock worth $927,000 after buying an additional 9,923 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating and decreased their price target for the company from $45.00 to $35.00 in a research note on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.67.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock opened at $36.31 on Tuesday. The company has a 50 day moving average of $37.98 and a 200-day moving average of $40.10. The company has a market cap of $1.96 billion, a PE ratio of 38.22 and a beta of 0.35. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. TreeHouse Foods, Inc. has a 1-year low of $34.76 and a 1-year high of $55.30.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The business had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $924.87 million. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. As a group, equities research analysts forecast that TreeHouse Foods, Inc. will post 2.22 earnings per share for the current fiscal year.

TreeHouse Foods 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.