Voya Investment Management LLC Sells 1,159 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Voya Investment Management LLC cut its stake in TreeHouse Foods, Inc. (NYSE:THS) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,340 shares of the company’s stock after selling 1,159 shares during the quarter. Voya Investment Management LLC’s holdings in TreeHouse Foods were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of THS. Blue Trust Inc. boosted its holdings in shares of TreeHouse Foods by 456.7% during the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after acquiring an additional 918 shares during the period. Sterling Capital Management LLC grew its holdings 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 buying an additional 1,361 shares in the last quarter. KBC Group NV increased its position in TreeHouse Foods by 45.1% during the 4th quarter. KBC Group NV now owns 2,820 shares of the company’s stock worth $99,000 after buying an additional 877 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of TreeHouse Foods by 58.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock worth $142,000 after buying an additional 1,508 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC bought a new stake in shares of TreeHouse Foods in the fourth quarter valued at about $216,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Trading Up 2.8 %

Shares of TreeHouse Foods stock opened at $22.61 on Friday. The firm’s 50 day moving average is $25.02 and its 200 day moving average is $31.08. The firm has a market capitalization of $1.14 billion, a PE ratio of 41.87 and a beta of 0.30. TreeHouse Foods, Inc. has a 1 year low of $20.63 and a 1 year 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 announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. During the same period in the prior year, the business earned ($0.03) earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities research analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Insider Buying and Selling at TreeHouse Foods

In other TreeHouse Foods news, CEO Steven Oakland bought 4,660 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average cost of $21.46 per share, for a total transaction of $100,003.60. Following the transaction, the chief executive officer now directly owns 369,521 shares in the company, valued at approximately $7,929,920.66. This represents a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades

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