TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in TreeHouse Foods, Inc. (NYSE:THS) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,486 shares of the company’s stock after selling 489 shares during the period. Nisa Investment Advisors LLC’s holdings in TreeHouse Foods were worth $103,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in TreeHouse Foods by 7.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,992 shares of the company’s stock valued at $994,000 after purchasing an additional 1,750 shares in the last quarter. International Assets Investment Management LLC grew its stake 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 acquiring an additional 5,259 shares in the last quarter. Centre Asset Management LLC grew its stake in shares of TreeHouse Foods by 8.5% during the fourth quarter. Centre Asset Management LLC now owns 192,724 shares of the company’s stock valued at $7,988,000 after acquiring an additional 15,141 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of TreeHouse Foods by 6.5% during the third quarter. Wellington Management Group LLP now owns 1,231,391 shares of the company’s stock valued at $53,664,000 after acquiring an additional 75,162 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of TreeHouse Foods by 2.3% during the third quarter. Deutsche Bank AG now owns 143,067 shares of the company’s stock valued at $6,235,000 after acquiring an additional 3,151 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $36.74 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.74 and a current ratio of 1.50. TreeHouse Foods, Inc. has a one year low of $34.76 and a one year high of $55.30. The company’s 50-day simple moving average is $37.47 and its 200-day simple moving average is $39.92. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 38.67 and a beta of 0.35.

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

Wall Street Analysts Forecast Growth

Separately, Truist Financial downgraded TreeHouse Foods from a “buy” rating to a “hold” rating and lowered their target price for the company 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, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.