Treehouse Foods
About: TreeHouse Foods is the largest pure-play private-label manufacturer in the US. Much larger in the past following the 2016 acquisition of Ralcorp, Conagra's former private-label business, the company has since divested several businesses to focus on high-growth categories. At present, the company produces and sells snacks (crackers, pretzels, cookies, and so on), beverages and drink mixes (such as nondairy creamer, coffee, tea), and a select number of grocery products (pickles, refrigerated dough, hot cereal, cheese, and pudding). Its most important sales channel is through retail grocery stores that sell its products under their own brands, with co-manufacturing and food away from home as much smaller channels of distribution for its fare.
Employees: 7,400
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
321% more call options, than puts
Call options by funds: $1.11M | Put options by funds: $263K
57% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 23
6% more funds holding
Funds holding: 204 [Q1] → 217 (+13) [Q2]
3.18% more ownership
Funds ownership: 105.9% [Q1] → 109.08% (+3.18%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
6% less capital invested
Capital invested by funds: $2.23B [Q1] → $2.1B (-$128M) [Q2]
12% less repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 81
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Mizuho John Baumgartner 73% 1-year accuracy 11 / 15 met price target | 5%downside $40 | Neutral Maintained | 26 Aug 2024 |
Barclays Andrew Lazar 69% 1-year accuracy 9 / 13 met price target | 8%downside $39 | Equal-Weight Maintained | 6 Aug 2024 |
Stifel Matthew Smith 69% 1-year accuracy 18 / 26 met price target | 3%downside $41 | Hold Maintained | 6 Aug 2024 |