The Manufacturers Life Insurance Company Sells 1,018 Shares of TreeHouse Foods, Inc. (NYSE:THS)

The Manufacturers Life Insurance Company decreased its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 3.7% during the third quarter, HoldingsChannel reports. The firm owned 26,134 shares of the company’s stock after selling 1,018 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in TreeHouse Foods were worth $1,097,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of THS. Signaturefd LLC boosted its stake in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after acquiring an additional 296 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of TreeHouse Foods in the second quarter worth approximately $37,000. Innealta Capital LLC bought a new position in shares of TreeHouse Foods in the second quarter worth approximately $44,000. Rothschild Investment LLC purchased a new position in shares of TreeHouse Foods during the second quarter valued at approximately $67,000. Finally, KBC Group NV raised its holdings in shares of TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on THS. Barclays reduced their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Truist Financial dropped their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Mizuho upped their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Stifel Nicolaus dropped their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, StockNews.com lowered shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, TreeHouse Foods has an average rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Trading Down 0.3 %

THS stock opened at $33.88 on Thursday. The company has a market capitalization of $1.73 billion, a PE ratio of -72.09 and a beta of 0.23. TreeHouse Foods, Inc. has a 12 month low of $28.04 and a 12 month high of $43.84. The firm’s 50-day moving average is $36.77 and its 200 day moving average is $38.05. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. On average, research analysts anticipate that TreeHouse Foods, Inc. will post 1.96 EPS for the current year.

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.