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

Voya Investment Management LLC decreased its position in TreeHouse Foods, Inc. (NYSE:THS) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,340 shares of the company’s stock after selling 1,159 shares during the period. Voya Investment Management LLC’s holdings in TreeHouse Foods were worth $504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in THS. Raymond James Financial Inc. bought a new position in shares of TreeHouse Foods in the 4th quarter valued at about $10,362,000. Entropy Technologies LP acquired a new stake in TreeHouse Foods during the 4th quarter worth $333,000. JPMorgan Chase & Co. raised its position in shares of TreeHouse Foods by 187.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after acquiring an additional 206,411 shares during the last quarter. Roberts Wealth Advisors LLC lifted its stake in shares of TreeHouse Foods by 297.4% in the 4th quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company’s stock valued at $2,858,000 after purchasing an additional 63,804 shares during the period. Finally, Barclays PLC boosted its position in shares of TreeHouse Foods by 7.0% in the 3rd quarter. Barclays PLC now owns 337,657 shares of the company’s stock worth $14,175,000 after purchasing an additional 21,951 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Steven Oakland purchased 4,660 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were purchased at an average cost of $21.46 per share, with a total value of $100,003.60. Following the completion of the transaction, the chief executive officer now owns 369,521 shares of the company’s stock, valued at $7,929,920.66. The trade was a 1.28 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.10% of the company’s stock.

TreeHouse Foods Trading Up 2.8 %

NYSE THS opened at $22.61 on Friday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 41.87 and a beta of 0.30. TreeHouse Foods, Inc. has a 52 week low of $20.63 and a 52 week high of $43.84. The stock’s 50 day moving average price is $25.02 and its two-hundred day moving average price is $31.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36.

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

Analysts Set New Price Targets

A number of research firms recently commented on THS. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a 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. Stifel Nicolaus lowered their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Barclays lowered their price target on TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Truist Financial cut their price objective on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has an average 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.