New South Capital Management Inc. Sells 105,413 Shares of TreeHouse Foods, Inc. (NYSE:THS)

New South Capital Management Inc. cut its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,258,817 shares of the company’s stock after selling 105,413 shares during the period. TreeHouse Foods comprises approximately 1.9% of New South Capital Management Inc.’s holdings, making the stock its 23rd largest holding. New South Capital Management Inc.’s holdings in TreeHouse Foods were worth $44,222,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in TreeHouse Foods by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company’s stock worth $31,654,000 after acquiring an additional 32,613 shares during the last quarter. US Bancorp DE grew its position in TreeHouse Foods by 42.9% during the 4th quarter. US Bancorp DE now owns 17,459 shares of the company’s stock worth $613,000 after acquiring an additional 5,241 shares during the last quarter. Principal Financial Group Inc. boosted its position in TreeHouse Foods by 1.5% in the 4th quarter. Principal Financial Group Inc. now owns 223,522 shares of the company’s stock valued at $7,852,000 after buying an additional 3,238 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in TreeHouse Foods by 30.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 62,568 shares of the company’s stock valued at $2,198,000 after buying an additional 14,632 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in TreeHouse Foods by 756.7% in the 4th quarter. Blue Trust Inc. now owns 1,722 shares of the company’s stock valued at $60,000 after buying an additional 1,521 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

THS has been the topic of a number of recent research reports. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Truist Financial decreased their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Jefferies Financial Group decreased their price objective on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Finally, Barclays increased their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.83.

TreeHouse Foods Stock Performance

THS stock opened at $30.36 on Thursday. The business’s fifty day moving average is $33.62 and its 200-day moving average is $36.55. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.52 billion, a P/E ratio of 56.21 and a beta of 0.15. TreeHouse Foods, Inc. has a twelve month low of $28.04 and a twelve month high of $43.84.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The company had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. Equities research analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

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.