Forest Hill Capital LLC Increases Stake in TreeHouse Foods, Inc. (NYSE:THS)

Forest Hill Capital LLC increased its position in shares of TreeHouse Foods, Inc. (NYSE:THS) by 40.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,000 shares of the company’s stock after purchasing an additional 18,000 shares during the period. TreeHouse Foods makes up 1.7% of Forest Hill Capital LLC’s portfolio, making the stock its 20th largest holding. Forest Hill Capital LLC’s holdings in TreeHouse Foods were worth $2,213,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of TreeHouse Foods by 7.0% during the third quarter. Barclays PLC now owns 337,657 shares of the company’s stock valued at $14,175,000 after buying an additional 21,951 shares during the period. JPMorgan Chase & Co. boosted its holdings in TreeHouse Foods by 187.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after acquiring an additional 206,411 shares during the period. Legacy Wealth Asset Management LLC bought a new position in TreeHouse Foods in the 4th quarter valued at $216,000. Wedge Capital Management L L P NC increased its stake in TreeHouse Foods by 11.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 38,014 shares of the company’s stock worth $1,335,000 after purchasing an additional 3,812 shares during the period. Finally, Roberts Wealth Advisors LLC lifted its position in shares of TreeHouse Foods by 297.4% during the fourth quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company’s stock worth $2,858,000 after purchasing an additional 63,804 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on THS. Truist Financial cut their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday. Barclays dropped their target price on shares of TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday. TD Cowen decreased their price target on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Stifel Nicolaus reduced their price objective on TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $27.83.

TreeHouse Foods Stock Performance

THS stock opened at $22.61 on Friday. TreeHouse Foods, Inc. has a one year low of $20.63 and a one year high of $43.84. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 41.87 and a beta of 0.30. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The firm has a 50-day simple moving average of $25.02 and a two-hundred day simple moving average of $31.08.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.24. The company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. TreeHouse Foods’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) earnings per share. On average, equities analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Insider Buying and Selling

In other TreeHouse Foods news, CEO Steven Oakland purchased 4,660 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the purchase, the chief executive officer now owns 369,521 shares in the company, valued at $7,929,920.66. This represents a 1.28 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.10% of the stock is owned by company insiders.

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.