Principal Financial Group Inc. Sells 13,878 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Principal Financial Group Inc. reduced its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,420 shares of the company’s stock after selling 13,878 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of TreeHouse Foods worth $10,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. NBC Securities Inc. acquired a new position in shares of TreeHouse Foods during the 3rd quarter worth about $37,000. GAMMA Investing LLC bought a new position in TreeHouse Foods in the fourth quarter valued at approximately $52,000. International Assets Investment Management LLC boosted its position in TreeHouse Foods by 4,045.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,389 shares of the company’s stock valued at $223,000 after buying an additional 5,259 shares in the last quarter. MRA Advisory Group acquired a new position in shares of TreeHouse Foods during the third quarter worth $253,000. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of TreeHouse Foods by 21.1% during the fourth quarter. Verdence Capital Advisors LLC now owns 7,243 shares of the company’s stock worth $300,000 after purchasing an additional 1,261 shares during the period. 99.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TreeHouse Foods

In related news, SVP Stephen Alan Landry sold 3,723 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $34.99, for a total transaction of $130,267.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is owned by corporate insiders.

TreeHouse Foods Trading Up 0.3 %

NYSE:THS opened at $35.20 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.52 and a quick ratio of 0.66. The firm has a market capitalization of $1.85 billion, a P/E ratio of 76.52 and a beta of 0.35. TreeHouse Foods, Inc. has a one year low of $33.28 and a one year high of $54.52. The company’s 50-day simple moving average is $36.71 and its 200 day simple moving average is $39.00.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a net margin of 0.76% and a return on equity of 5.81%. The company had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $798.44 million. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, analysts forecast that TreeHouse Foods, Inc. will post 2.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on THS. Stifel Nicolaus decreased their price target on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, May 7th. Truist Financial downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating and cut their price objective for the stock from $45.00 to $35.00 in a report on Tuesday, February 20th. TD Cowen cut their price target on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, Barclays decreased their target price on shares of TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.40.

TreeHouse Foods Company 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.