Handelsbanken Fonder AB Raises Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

Handelsbanken Fonder AB grew its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 101.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,509 shares of the company’s stock after acquiring an additional 8,800 shares during the period. Handelsbanken Fonder AB’s holdings in TreeHouse Foods were worth $726,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in TreeHouse Foods in the 3rd quarter worth approximately $37,000. International Assets Investment Management LLC raised its position in shares of TreeHouse Foods by 4,045.4% during the fourth quarter. International Assets Investment Management LLC now owns 5,389 shares of the company’s stock valued at $223,000 after buying an additional 5,259 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of TreeHouse Foods in the third quarter worth $241,000. MRA Advisory Group bought a new position in shares of TreeHouse Foods during the third quarter worth $253,000. Finally, Verdence Capital Advisors LLC boosted its position in shares of TreeHouse Foods by 5.3% during the third quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company’s stock worth $261,000 after acquiring an additional 303 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

Analyst Ratings Changes

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

TreeHouse Foods Price Performance

TreeHouse Foods stock opened at $37.22 on Tuesday. TreeHouse Foods, Inc. has a 52-week low of $34.76 and a 52-week high of $55.30. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The firm’s fifty day moving average is $36.98 and its 200 day moving average is $39.71. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 39.17 and a beta of 0.35.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Friday, February 16th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. The firm had revenue of $910.60 million for the quarter, compared to analysts’ expectations 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 was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. Sell-side analysts forecast that TreeHouse Foods, Inc. will post 2.22 EPS for the current fiscal year.

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.