9,483 Shares in TreeHouse Foods, Inc. (NYSE:THS) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new position in TreeHouse Foods, Inc. (NYSE:THS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,483 shares of the company’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC raised its position in shares of TreeHouse Foods by 28.1% in the third quarter. FMR LLC now owns 2,740,048 shares of the company’s stock worth $115,027,000 after buying an additional 600,723 shares in the last quarter. Rubric Capital Management LP purchased a new stake in TreeHouse Foods during the third quarter valued at about $48,011,000. Charles Schwab Investment Management Inc. raised its position in TreeHouse Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 868,451 shares of the company’s stock valued at $36,458,000 after purchasing an additional 14,297 shares in the last quarter. Barclays PLC raised its position in 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 purchasing an additional 21,951 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after purchasing an additional 206,411 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Stock Up 0.7 %

NYSE THS opened at $33.22 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53. The stock has a market capitalization of $1.70 billion, a PE ratio of -70.68 and a beta of 0.22. TreeHouse Foods, Inc. has a 1 year low of $28.04 and a 1 year high of $43.84. The business’s 50-day moving average is $34.28 and its 200 day moving average is $37.25.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on THS. StockNews.com downgraded TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Monday. Truist Financial reduced their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Barclays raised their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus raised their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $35.40.

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.