Barclays PLC Grows Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Barclays PLC lifted its position in shares of TreeHouse Foods, Inc. (NYSE:THS) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 337,657 shares of the company’s stock after buying an additional 21,951 shares during the quarter. Barclays PLC owned approximately 0.66% of TreeHouse Foods worth $14,175,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Dean Investment Associates LLC grew its stake in TreeHouse Foods by 49.4% in the 3rd quarter. Dean Investment Associates LLC now owns 97,799 shares of the company’s stock worth $4,106,000 after acquiring an additional 32,336 shares during the period. Jane Street Group LLC boosted its holdings in shares of TreeHouse Foods by 37.7% during the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock worth $5,213,000 after purchasing an additional 33,978 shares during the last quarter. HighTower Advisors LLC grew its position in shares of TreeHouse Foods by 90.8% in the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock valued at $488,000 after purchasing an additional 5,413 shares during the period. Verition Fund Management LLC acquired a new position in TreeHouse Foods in the third quarter valued at $1,202,000. Finally, Rubric Capital Management LP purchased a new position in TreeHouse Foods during the third quarter worth about $48,011,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Trading Up 1.5 %

Shares of THS opened at $34.53 on Monday. TreeHouse Foods, Inc. has a one year low of $28.04 and a one year high of $43.84. The stock has a 50-day moving average price of $36.54 and a 200 day moving average price of $38.06. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. The company has a market capitalization of $1.77 billion, a P/E ratio of -73.47 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) 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 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 quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. Sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

THS has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Barclays dropped their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Truist Financial reduced their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, StockNews.com downgraded TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and a consensus price target of $34.20.

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.