As of the first quarter of 2023, New York Life Investment Management LLC has reduced its holdings in TreeHouse Foods, Inc. by 46.1%. According to their recent filing with the Securities and Exchange Commission (SEC), the institutional investor now owns 9,486 shares of TreeHouse Foods after selling 8,099 shares during this period. At the close of the reporting period, New York Life Investment Management LLC’s holdings in TreeHouse Foods were valued at approximately $478,000.
This news comes amidst other recent developments regarding TreeHouse Foods. In particular, Director Mark Hunter sold 7,828 shares of the company’s stock on June 23rd. The average price per share in this transaction was $52.41, resulting in a total value of $410,265.48. Following this sale, Director Mark Hunter now retains ownership of 4,567 shares in the company. These remaining shares have an estimated value of $239,356.47. The specifics of this sale were disclosed in a filing with the SEC.
It is worth noting that corporate insiders currently hold approximately 0.93% of TreeHouse Foods’ stock.
TreeHouse Foods is a leading consumer packaged food and beverage manufacturer based in Oak Brook, Illinois. The company provides private label products to a wide range of customers including retailers and foodservice operators across North America.
The reduction in holdings by New York Life Investment Management LLC suggests a tactical move on their part within their investment portfolio strategy. While specific reasons for this reduction were not detailed in the filing with the SEC, it indicates a potential reassessment or realignment of priorities within their investment approach.
Investors and analysts will likely pay attention to these developments as they evaluate TreeHouse Foods’ performance and prospects moving forward. It is important to consider such factors when assessing investment opportunities and making informed decisions based on available information.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. It is always recommended to consult with a professional financial advisor or conduct thorough research before making investment decisions.
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Institutional Investors Boost Holdings in TreeHouse Foods, Inc. as Research Analysts Provide Ratings and Projections
TreeHouse Foods, Inc. (NYSE:THS) has recently seen changes in its positions from several institutional investors and hedge funds. Verdence Capital Advisors LLC increased its holdings in TreeHouse Foods by 5.0% in the first quarter, acquiring an additional 298 shares of the company’s stock. Mirae Asset Global Investments Co. Ltd. also boosted its holdings by 1.6% during the same period, now owning 22,242 shares of TreeHouse Foods’ stock worth $1,122,000 after acquiring an additional 342 shares.
Furthermore, Diversified Trust Co witnessed a boost of 3.9% in its holdings during the first quarter, adding an additional 361 shares worth approximately $486,000 to their portfolio. Arizona State Retirement System followed suit with a 2.8% increase in their holdings after acquiring an additional 393 shares of TreeHouse Foods’ stock.
Finally, Federated Hermes Inc. demonstrated a significant boost of 32.9%, increasing their holdings to 1,907 shares worth $96,000.
It is essential to note that institutional investors currently account for a staggering majority – precisely 99.55% – of TreeHouse Foods’ stock.
Research analysts at multiple firms have also provided insights and ratings on THS shares lately. StockNews.com issued a “hold” rating on the stock while TheStreet upgraded it from a “c+” to a “b-” rating on July 3rd.
Barclays lowered their price objective on TreeHouse Foods from $57.00 to $55.00 and set an “equal weight” rating for the company in late July this year.
Additionally, UBS Group raised their price objective from $60.00 to $64.00 earlier in May for THS shares analysis while Stifel Nicolaus lowered theirs from $56.00 to $52 and provided a “hold” rating for the company.
Based on data from Bloomberg.com, TreeHouse Foods’ stock currently holds a consensus rating of “Hold” among research analysts, with a consensus target price of $57.00.
On Thursday, shares of TreeHouse Foods opened at $46.93. The business’s fifty-day simple moving average is $50.59, and the 200-day simple moving average stands at $50.07.
TreeHouse Foods, Inc. has recorded a 12-month low of $40.56 and a 12-month high of $55.30. The company boasts a current ratio of 1.26 and a quick ratio of 0.29, indicating its favorable liquidity position in comparison to immediate financial obligations.
In terms of earnings, TreeHouse Foods reported an earnings-per-share (EPS) value of $0.42 for the quarter ending August 7th, matching analysts’ consensus estimates perfectly.
The company generated revenue of around $843.60 million during the quarter compared to analyst predictions that stood at approximately $831.84 million.
TreeHouse Foods exhibited a positive return on equity (ROE) at 7.49%, along with a negative net margin of -2.09%. Moreover, their quarterly revenue experienced growth by 4.1% when compared to the corresponding period last year when they posted ($0.04) earnings per share.
With ongoing analysis and projections by research analysts, it is expected that TreeHouse Foods, Inc.’s current fiscal year will see an earnings-per-share figure standing at about 2.47 cents
