TreeHouse Foods, Inc. (NYSE:THS) Shares Sold by Renaissance Technologies LLC

Posted by on Mar 5th, 2023

Renaissance Technologies LLC reduced its position in shares of TreeHouse Foods, Inc. (NYSE:THS – Get Rating) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,505 shares of the company’s stock after selling 23,400 shares during the period. Renaissance Technologies LLC owned about 0.56% of TreeHouse Foods worth $13,384,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in THS. Raymond James & Associates lifted its position in shares of TreeHouse Foods by 5.2% during the first quarter. Raymond James & Associates now owns 32,412 shares of the company’s stock worth $1,046,000 after purchasing an additional 1,607 shares in the last quarter. Citigroup Inc. lifted its position in shares of TreeHouse Foods by 9.4% during the first quarter. Citigroup Inc. now owns 51,469 shares of the company’s stock worth $1,660,000 after purchasing an additional 4,405 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of TreeHouse Foods by 18.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,652 shares of the company’s stock worth $182,000 after purchasing an additional 900 shares in the last quarter. Bank of Montreal Can lifted its position in shares of TreeHouse Foods by 72.2% during the first quarter. Bank of Montreal Can now owns 36,709 shares of the company’s stock worth $1,198,000 after purchasing an additional 15,386 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of TreeHouse Foods by 52.8% during the first quarter. MetLife Investment Management LLC now owns 28,727 shares of the company’s stock worth $927,000 after purchasing an additional 9,923 shares in the last quarter.

TreeHouse Foods Price Performance

NYSE THS opened at $49.55 on Friday. The company’s fifty day simple moving average is $48.54 and its 200-day simple moving average is $47.35. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.98 and a quick ratio of 0.27. TreeHouse Foods, Inc. has a 52 week low of $29.47 and a 52 week high of $51.55.

TreeHouse Foods (NYSE:THS – Get Rating) last posted its quarterly earnings results on Monday, February 13th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. The firm had revenue of $996.20 million for the quarter, compared to analysts’ expectations of $1.02 billion. TreeHouse Foods had a negative net margin of 3.48% and a positive return on equity of 3.13%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. As a group, research analysts expect that TreeHouse Foods, Inc. will post 2.49 earnings per share for the current year.

TreeHouse Foods Company Profile

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TreeHouse Foods, Inc is a manufacturer and distributor of private label packaged foods and beverages in North America. Its product portfolio includes snacking, beverages, and meal preparation products, available in shelf stable, refrigerated, frozen, and fresh formats. The firm operates through the following segments: Meal Preparation and Snacking & Beverages.

Further Reading

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Institutional Ownership by Quarter for TreeHouse Foods (NYSE:THS)

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