Sapience Investments LLC Has $2.01 Million Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Sapience Investments LLC trimmed its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 60.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,161 shares of the company’s stock after selling 88,829 shares during the period. Sapience Investments LLC’s holdings in TreeHouse Foods were worth $2,008,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after purchasing an additional 918 shares during the last quarter. Sterling Capital Management LLC lifted its stake in TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock valued at $83,000 after purchasing an additional 1,361 shares during the last quarter. KBC Group NV lifted its stake in TreeHouse Foods by 45.1% in the 4th quarter. KBC Group NV now owns 2,820 shares of the company’s stock valued at $99,000 after purchasing an additional 877 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in TreeHouse Foods by 58.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC acquired a new stake in TreeHouse Foods in the 4th quarter valued at about $216,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on THS. Truist Financial cut their price objective on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Jefferies Financial Group cut their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. TD Cowen lowered their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 11th. Finally, Barclays lowered their target price on shares of TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.83.

TreeHouse Foods Stock Performance

Shares of NYSE:THS opened at $23.32 on Friday. The company’s 50 day simple moving average is $24.23 and its 200 day simple moving average is $30.57. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 43.19 and a beta of 0.30. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. TreeHouse Foods, Inc. has a 1 year low of $20.63 and a 1 year high of $43.84.

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

Insider Activity at TreeHouse Foods

In related news, CEO Steven Oakland bought 4,660 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the transaction, the chief executive officer now directly owns 369,521 shares of the company’s stock, valued at approximately $7,929,920.66. This represents a 1.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jana Partners Management, Lp bought 17,678 shares of the business’s stock in a transaction on Monday, May 12th. The stock was bought at an average price of $23.09 per share, for a total transaction of $408,185.02. Following the transaction, the director now directly owns 5,482,337 shares of the company’s stock, valued at approximately $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 bought 147,123 shares of company stock valued at $3,234,741 over the last three months. 11.10% of the stock is owned by insiders.

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.