TreeHouse Foods, Inc. (NYSE:THS) Stake Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in TreeHouse Foods, Inc. (NYSE:THS) by 14.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 36,318 shares of the company’s stock after selling 6,242 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of TreeHouse Foods worth $1,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Verdence Capital Advisors LLC lifted its position in TreeHouse Foods by 5.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company’s stock valued at $261,000 after purchasing an additional 303 shares during the last quarter. Cavalier Investments LLC raised its holdings in shares of TreeHouse Foods by 3.5% during the third quarter. Cavalier Investments LLC now owns 10,350 shares of the company’s stock valued at $451,000 after buying an additional 349 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of TreeHouse Foods by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock worth $319,000 after buying an additional 384 shares during the period. Raymond James & Associates grew its holdings in TreeHouse Foods by 2.1% in the 3rd quarter. Raymond James & Associates now owns 19,435 shares of the company’s stock worth $847,000 after buying an additional 400 shares in the last quarter. Finally, Lmcg Investments LLC increased its position in TreeHouse Foods by 2.1% in the 3rd quarter. Lmcg Investments LLC now owns 34,454 shares of the company’s stock valued at $1,502,000 after acquiring an additional 711 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Price Performance

NYSE THS opened at $36.67 on Tuesday. TreeHouse Foods, Inc. has a 12 month low of $34.76 and a 12 month high of $55.30. The firm has a market capitalization of $1.98 billion, a PE ratio of 38.60 and a beta of 0.35. The company’s 50 day simple moving average is $37.33 and its 200 day simple moving average is $39.86. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results 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. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The firm had revenue of $910.60 million during the quarter, compared to analyst estimates of $924.87 million. During the same period last year, the company posted $0.98 EPS. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. As a group, equities research analysts forecast that TreeHouse Foods, Inc. will post 2.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About TreeHouse Foods

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.