Verdence Capital Advisors LLC Boosts Stake in TreeHouse Foods, Inc. (NYSE:THS)

Verdence Capital Advisors LLC increased its position in TreeHouse Foods, Inc. (NYSE:THS) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,243 shares of the company’s stock after buying an additional 1,261 shares during the period. Verdence Capital Advisors LLC’s holdings in TreeHouse Foods were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Strs Ohio lifted its position in shares of TreeHouse Foods by 6,050.0% in the fourth quarter. Strs Ohio now owns 12,300 shares of the company’s stock worth $509,000 after buying an additional 12,100 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in TreeHouse Foods during the fourth quarter valued at approximately $1,045,000. Mirae Asset Global Investments Co. Ltd. raised its position in TreeHouse Foods by 7.9% during the fourth 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 during the period. International Assets Investment Management LLC raised its position in 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 purchasing an additional 5,259 shares during the period. Finally, Centre Asset Management LLC raised its position in 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 purchasing an additional 15,141 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Trading Up 0.1 %

Shares of NYSE THS opened at $36.69 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.74 and a current ratio of 1.50. The business’s 50 day moving average price is $37.33 and its 200-day moving average price is $39.86. TreeHouse Foods, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $55.30. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 38.62 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 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.06. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The firm had revenue of $910.60 million for the quarter, compared to the consensus estimate of $924.87 million. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, sell-side analysts expect that TreeHouse Foods, Inc. will post 2.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial downgraded TreeHouse Foods from a “buy” rating to a “hold” rating and decreased their price objective for the company from $45.00 to $35.00 in a research report on Tuesday, February 20th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $46.67.

TreeHouse Foods Company 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.