August 7, 2022

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Sowell Financial Services LLC Boosts Stake in TreeHouse Foods, Inc. (NYSE:THS)

4 min read

Sowell Financial Services LLC lifted its stake in TreeHouse Foods, Inc. (NYSE:THS) by 3,888.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,037 shares of the company’s stock after purchasing an additional 1,011 shares during the period. Sowell Financial Services LLC’s holdings in TreeHouse Foods were worth $44,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of THS. Private Advisor Group LLC purchased a new stake in shares of TreeHouse Foods in the 2nd quarter worth $52,000. Xponance Inc. increased its stake in shares of TreeHouse Foods by 17.2% in the 3rd quarter. Xponance Inc. now owns 5,951 shares of the company’s stock worth $241,000 after purchasing an additional 875 shares in the last quarter. Quantitative Systematic Strategies LLC increased its stake in shares of TreeHouse Foods by 29.3% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 6,632 shares of the company’s stock worth $269,000 after purchasing an additional 1,503 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of TreeHouse Foods by 29.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,803 shares of the company’s stock worth $316,000 after purchasing an additional 1,791 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of TreeHouse Foods by 149.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,128 shares of the company’s stock worth $329,000 after purchasing an additional 4,873 shares in the last quarter.

Shares of TreeHouse Foods stock opened at $42.09 on Tuesday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -420.90, a PEG ratio of 2.08 and a beta of 0.61. The business has a 50-day moving average price of $41.66 and a 200-day moving average price of $41.41. The company has a quick ratio of 0.96, a current ratio of 1.69 and a debt-to-equity ratio of 1.20. TreeHouse Foods, Inc. has a twelve month low of $33.50 and a twelve month high of $53.98.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.10. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.07 billion. TreeHouse Foods had a positive return on equity of 8.63% and a negative net margin of 0.12%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. On average, equities analysts expect that TreeHouse Foods, Inc. will post 2.73 EPS for the current fiscal year.

In related news, CAO Thomas Emmet Oneill III sold 7,800 shares of the stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $38.00, for a total value of $296,400.00. Following the completion of the transaction, the chief accounting officer now owns 95,401 shares of the company’s stock, valued at approximately $3,625,238. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Clifford Braun sold 12,368 shares of the stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $38.01, for a total transaction of $470,107.68. Following the completion of the transaction, the senior vice president now directly owns 1,500 shares of the company’s stock, valued at approximately $57,015. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,968 shares of company stock valued at $883,576. Company insiders own 1.40% of the company’s stock.

A number of brokerages have issued reports on THS. Zacks Investment Research lowered TreeHouse Foods from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research note on Wednesday, October 7th. JPMorgan Chase & Co. lowered TreeHouse Foods from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $47.00 to $46.00 in a research note on Friday, January 8th. Credit Suisse Group cut their price target on TreeHouse Foods from $58.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, November 6th. Finally, Barclays increased their price target on TreeHouse Foods from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 15th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. TreeHouse Foods has a consensus rating of “Buy” and a consensus price target of $51.00.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc operates as a consumer packaged food and beverage manufacturer in the United States and internationally. The company operates through Baked Goods, Beverages, and Meal Solutions segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, French toasts, bars, and ready-to-eat cereals.

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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)



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