Verdence Capital Advisors LLC Grows Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

Verdence Capital Advisors LLC increased its stake in TreeHouse Foods, Inc. (NYSE:THS) by 21.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,243 shares of the company’s stock after purchasing an additional 1,261 shares during the quarter. Verdence Capital Advisors LLC’s holdings in TreeHouse Foods were worth $300,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in TreeHouse Foods during the third quarter worth about $37,000. International Assets Investment Management LLC grew its holdings in shares of TreeHouse Foods by 4,045.4% during the 4th quarter. International Assets Investment Management LLC now owns 5,389 shares of the company’s stock worth $223,000 after acquiring an additional 5,259 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of TreeHouse Foods during the 3rd quarter worth approximately $241,000. MRA Advisory Group purchased a new position in shares of TreeHouse Foods during the 3rd quarter worth approximately $253,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of TreeHouse Foods by 5.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock worth $319,000 after acquiring an additional 384 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Trading Up 0.1 %

NYSE:THS opened at $36.69 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 38.62 and a beta of 0.35. TreeHouse Foods, Inc. has a one year low of $34.76 and a one year high of $55.30. The business has a fifty day moving average price of $37.33 and a 200-day moving average price of $39.86.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The business had revenue of $910.60 million during the quarter, compared to analyst estimates of $924.87 million. During the same quarter in the prior year, the business posted $0.98 EPS. TreeHouse Foods’s revenue for the quarter was down 8.6% compared to the same quarter last year. Sell-side analysts forecast that TreeHouse Foods, Inc. will post 2.22 EPS for the current year.

Analysts Set New Price Targets

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

About TreeHouse Foods

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.