Redwood Investment Management LLC Lowers Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

Redwood Investment Management LLC decreased its stake in TreeHouse Foods, Inc. (NYSE:THS) by 18.3% during the 3rd quarter, Holdings Channel reports. The firm owned 66,441 shares of the company’s stock after selling 14,888 shares during the quarter. Redwood Investment Management LLC’s holdings in TreeHouse Foods were worth $2,793,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Signaturefd LLC lifted its stake in TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in TreeHouse Foods during the 2nd quarter worth about $37,000. Innealta Capital LLC purchased a new position in shares of TreeHouse Foods in the 2nd quarter valued at about $44,000. GAMMA Investing LLC lifted its stake in TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after acquiring an additional 972 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in TreeHouse Foods in the second quarter valued at $67,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Truist Financial decreased their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Mizuho lifted their price objective on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Stifel Nicolaus cut their price target on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Finally, StockNews.com lowered shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Trading Down 3.8 %

NYSE:THS opened at $33.03 on Thursday. The business’s 50 day moving average is $37.56 and its two-hundred day moving average is $38.11. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 52 week low of $28.04 and a 52 week high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. On average, research analysts predict that TreeHouse Foods, Inc. will post 2.08 earnings per share for the current fiscal year.

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.