Pullen Investment Management LLC Increases Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Pullen Investment Management LLC increased its holdings in TreeHouse Foods, Inc. (NYSE:THS) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,675 shares of the company’s stock after purchasing an additional 6,029 shares during the period. Pullen Investment Management LLC owned 0.10% of TreeHouse Foods worth $1,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC grew its position in shares of TreeHouse Foods by 90.5% in the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after purchasing an additional 2,479,495 shares during the period. Dimensional Fund Advisors LP grew its position in shares of TreeHouse Foods by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company’s stock valued at $115,818,000 after purchasing an additional 137,744 shares during the period. Sessa Capital IM L.P. grew its position in shares of TreeHouse Foods by 121.9% in the fourth quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock valued at $113,908,000 after purchasing an additional 1,781,179 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of TreeHouse Foods by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company’s stock valued at $31,654,000 after purchasing an additional 32,613 shares during the period. Finally, William Blair Investment Management LLC grew its position in shares of TreeHouse Foods by 2.0% in the fourth quarter. William Blair Investment Management LLC now owns 898,536 shares of the company’s stock valued at $31,566,000 after purchasing an additional 17,225 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock opened at $20.73 on Friday. The business’s fifty day moving average price is $22.48 and its 200 day moving average price is $28.77. The stock has a market capitalization of $1.05 billion, a P/E ratio of 38.39 and a beta of 0.28. TreeHouse Foods, Inc. has a twelve month low of $20.63 and a twelve month high of $43.84. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.24. The company had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $789.66 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. As a group, research analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Steven Oakland acquired 4,660 shares of TreeHouse Foods stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the purchase, the chief executive officer now directly owns 369,521 shares in the company, valued at $7,929,920.66. This trade represents a 1.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jana Partners Management, Lp acquired 17,678 shares of TreeHouse Foods stock in a transaction on Monday, May 12th. The shares were bought at an average price of $23.09 per share, for a total transaction of $408,185.02. Following the purchase, the director now owns 5,482,337 shares of the company’s stock, valued at $126,587,161.33. This represents a 0.32% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 147,123 shares of company stock worth $3,234,741 over the last quarter. 11.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial lowered their price objective on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. Wall Street Zen upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. TD Cowen reduced their target price on TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 11th. Barclays reduced their target price on TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Finally, Stifel Nicolaus reduced their target price on TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.83.

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.