Entropy Technologies LP Makes New Investment in TreeHouse Foods, Inc. (NYSE:THS)

Entropy Technologies LP acquired a new position in shares of TreeHouse Foods, Inc. (NYSE:THS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,483 shares of the company’s stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in THS. KBC Group NV grew its holdings in shares of TreeHouse Foods by 45.1% in the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock valued at $99,000 after acquiring an additional 877 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after acquiring an additional 918 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of TreeHouse Foods by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 42,261 shares of the company’s stock valued at $1,485,000 after acquiring an additional 1,734 shares in the last quarter. Roberts Wealth Advisors LLC grew its holdings in shares of TreeHouse Foods by 297.4% in the fourth quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company’s stock valued at $2,858,000 after acquiring an additional 63,804 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of TreeHouse Foods by 11.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 38,014 shares of the company’s stock valued at $1,335,000 after acquiring an additional 3,812 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial reduced their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. StockNews.com lowered TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Monday. Stifel Nicolaus increased their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, January 24th. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Finally, Barclays increased their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.40.

TreeHouse Foods Trading Up 0.7 %

NYSE:THS opened at $33.22 on Friday. The company has a market cap of $1.70 billion, a P/E ratio of -70.68 and a beta of 0.22. The stock’s fifty day moving average price is $34.28 and its two-hundred day moving average price is $37.25. TreeHouse Foods, Inc. has a 1 year low of $28.04 and a 1 year high of $43.84. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. As a group, analysts expect that TreeHouse Foods, Inc. will post 1.96 EPS for the current year.

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.