On September 22, 2023, it was reported that Tectonic Advisors LLC had increased its stake in TreeHouse Foods, Inc. (NYSE:THS) by 15.6% during the second quarter. According to the company’s disclosure with the Securities and Exchange Commission, Tectonic Advisors LLC now owns 17,621 shares of TreeHouse Foods’ stock after purchasing an additional 2,374 shares during this period. As of its most recent SEC filing, Tectonic Advisors LLC’s holdings in TreeHouse Foods were worth $888,000.
This news comes after TreeHouse Foods released its quarterly earnings data on August 7th. The company reported earnings per share of $0.42 for the quarter, meeting analysts’ consensus estimates. The firm generated revenue of $843.60 million during the same period, slightly surpassing analyst estimates of $831.84 million. Additionally, TreeHouse Foods had a positive return on equity of 7.49% and a negative net margin of 2.09%. These results indicate a 4.1% increase in quarterly revenue compared to the previous year’s quarter when the company posted earnings per share of ($0.04).
Equities analysts have provided insights into TreeHouse Foods following these earnings results and Tectonic Advisors LLC’s increased stake in the company. Stifel Nicolaus reduced their price target on shares of TreeHouse Foods from $56.00 to $52.00 and assigned a “hold” rating on the stock in a research report on August 8th.
TD Cowen also issued coverage on shares of TreeHouse Foods in a research report on September 13th with a “market perform” rating and a price target of $45.00.
Barclays also reduced their price target from $57.00 to $55.00 and assigned an “equal weight” rating on September 20th.
TheStreet, on the other hand, downgraded TreeHouse Foods from a “b-” rating to a “c” rating in a research report on August 24th.
Lastly, StockNews.com initiated coverage with a “hold” rating for the company on August 17th.
Currently, according to Bloomberg, TreeHouse Foods holds an average rating of “Hold” and has a consensus price target of $54.00.
Overall, these various ratings and price targets reflect mixed sentiments from research analysts regarding TreeHouse Foods’ stock. Investors and shareholders will continue to monitor future developments and quarterly earnings reports to determine the trajectory of the company’s performance.
Deutsche Bank Aktiengesellschaft
DB
Buy
Updated on: 03/12/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Neutral
DCF: Strong Buy
ROE: Neutral
Minor Adjustments and Significant Purchases: Observing Institutional Investor Activity in TreeHouse Foods’ Stock Holdings
September 22, 2023 – TreeHouse Foods Observes Minor Adjustments in Stock Holdings by Institutional Investors
In recent months, several institutional investors have made minor adjustments to their holdings of TreeHouse Foods stock, as reported by reputable financial advisors. Cambridge Investment Research Advisors Inc., a notable player in the investment research field, increased its position in TreeHouse Foods by a mere 1.5% during the second quarter. This minuscule increment translates into the acquisition of an additional 243 shares, currently valued at approximately $844,000.
Another institutional investor that displayed a similar trend is Verdence Capital Advisors LLC. It augmented its position in TreeHouse Foods by 5.0% during the first quarter, purchasing an additional 298 shares valued at roughly $314,000. Similarly, Mirae Asset Global Investments Co. Ltd., a well-established global investment management company, saw its shareholdings in TreeHouse Foods grow by 1.6% during the same period after acquiring an additional 342 shares valued at around $1.12 million.
Diversified Trust Co also showcased this pattern of increasing stock ownership for TreeHouse Foods as it witnessed a growth of 3.9% during the first quarter and purchased an extra 361 shares with an estimated value of $486,000. Lastly, Arizona State Retirement System demonstrated a more conservative increase of 2.8%, acquiring an additional 393 shares worth approximately $738,000.
Collectively, these incremental changes imply that institutional investors show confidence in TreeHouse Foods’ long-term prospects but remain cautious about making significant investments at this given time.
Moreover, recent news highlights Director Jana Partners LLC’s noteworthy purchase on September 6th – acquiring an impressive 87,900 shares of TreeHouse Foods stock at an average price of $44.49 per share for a total value exceeding $3.9 million. Following this transactional activity conducted by the director, Jana Partners LLC now directly holds an extensive 4,883,314 shares of TreeHouse Foods stock, further reflecting a strong belief in the company’s potential.
The Securities and Exchange Commission was duly informed of this transaction through a legal filing, available for public perusal.
Despite these significant developments, it is crucial to note that insiders currently possess only 0.93% of TreeHouse Foods’ overall stock. This figure serves as a reminder that institutional investors clearly dominate ownership stakes in the company.
Shares of TreeHouse Foods opened at $46.06 on Friday on the New York Stock Exchange (NYSE). The business has experienced fluctuations over the past year within a range of $40.56 to $55.30 per share. Currently, TreeHouse Foods carries a debt-to-equity ratio of 0.92 and boasts both a current ratio of 1.26 and a quick ratio of 0.29 – showcasing its financial stability.
Moreover, data indicates that the company maintains a fifty-day moving average price of $47.89 and a two-hundred-day moving average price of $49.60.
As investors evaluate their portfolio strategies, these figures and developments could significantly impact their decision-making processes regarding TreeHouse Foods’ stock performance going forward.
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