Wedge Capital Management L L P NC Acquires 2,961 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Wedge Capital Management L L P NC boosted its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,497 shares of the company’s stock after acquiring an additional 2,961 shares during the quarter. Wedge Capital Management L L P NC’s holdings in TreeHouse Foods were worth $684,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in THS. SG Americas Securities LLC acquired a new position in TreeHouse Foods during the third quarter worth $963,000. Asset Management One Co. Ltd. bought a new stake in shares of TreeHouse Foods in the 3rd quarter worth approximately $241,000. Handelsbanken Fonder AB raised its holdings in shares of TreeHouse Foods by 61.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 8,709 shares of the company’s stock worth $380,000 after purchasing an additional 3,300 shares during the period. Cavalier Investments LLC raised its holdings in shares of TreeHouse Foods by 3.5% in the 3rd quarter. Cavalier Investments LLC now owns 10,350 shares of the company’s stock worth $451,000 after purchasing an additional 349 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of TreeHouse Foods by 5.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock worth $319,000 after purchasing an additional 384 shares during the period. 99.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

TreeHouse Foods Stock Down 2.4 %

THS opened at $35.89 on Friday. The company has a fifty day moving average price of $37.13 and a 200-day moving average price of $39.81. The firm has a market capitalization of $1.93 billion, a P/E ratio of 37.77 and a beta of 0.35. 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, Inc. has a one year low of $34.76 and a one year high of $55.30.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Friday, February 16th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The firm had revenue of $910.60 million during the quarter, compared to analyst estimates of $924.87 million. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. Equities research analysts expect 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.