Hsbc Holdings PLC Grows Stock Holdings in TreeHouse Foods, Inc. $THS

Hsbc Holdings PLC raised its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 349.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,097 shares of the company’s stock after acquiring an additional 34,283 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of TreeHouse Foods worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in THS. Pullen Investment Management LLC boosted its position in shares of TreeHouse Foods by 82.2% in the second quarter. Pullen Investment Management LLC now owns 92,355 shares of the company’s stock valued at $1,794,000 after acquiring an additional 41,680 shares during the period. Phocas Financial Corp. lifted its stake in TreeHouse Foods by 152.1% in the 2nd quarter. Phocas Financial Corp. now owns 287,083 shares of the company’s stock worth $5,575,000 after purchasing an additional 173,211 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in TreeHouse Foods in the 2nd quarter valued at $263,000. Bryce Point Capital LLC bought a new position in TreeHouse Foods in the 2nd quarter valued at $676,000. Finally, S&T Bank PA grew its position in shares of TreeHouse Foods by 21.6% during the 2nd quarter. S&T Bank PA now owns 122,418 shares of the company’s stock valued at $2,377,000 after purchasing an additional 21,779 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

TreeHouse Foods Trading Up 0.5%

THS stock opened at $23.76 on Wednesday. The company has a market capitalization of $1.20 billion, a PE ratio of -4.95 and a beta of 0.18. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29. TreeHouse Foods, Inc. has a one year low of $15.85 and a one year high of $40.77. The company’s 50 day moving average price is $21.29 and its two-hundred day moving average price is $20.22.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The business had revenue of $841.90 million during the quarter, compared to analysts’ expectations of $853.53 million. TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. TreeHouse Foods’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company posted ($0.07) EPS. As a group, analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Truist Financial increased their price objective on TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Barclays raised their price target on TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Stifel Nicolaus boosted their price objective on TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TreeHouse Foods in a research note on Monday. Finally, William Blair lowered shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research report on Tuesday, November 11th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $24.67.

About TreeHouse Foods

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.