Treehouse Foods (THS)

• Market cap: $1.72B
• 1 day: 1.88%
• 5 days: -2.27%
• 1 month: -1.78%
• 3 months: -19.81%
• 6 months: -7.07%
• Year to date: -20.55%
• 1 year: -15.82%
• 5 years: -30.52%
• 10 years: -61.63%
• Sector: Consumer Staples
• Industry: Canned, Frozen & Preserved Fruits, Vegetables, and Food Specialties

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 Q3 regulatory filings by fund managers ($100M+ AUM)

80% more call options, than puts

Call options by funds: $2.72M | Put options by funds: $1.51M

67% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 5 (+2) [Q3]

12% more capital invested

Capital invested by funds: $2.12B [Q2] → $2.38B (+$257M) [Q3]

10% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 30

1% more funds holding

Funds holding: 218 [Q2] → 221 (+3) [Q3]

0.93% less ownership

Funds ownership: 110.07% [Q2] → 109.14% (-0.93%) [Q3]

23% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 84

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $30 11% downside
• Avg. target: $31 7% downside
• High target: $32 5% downside

3 analyst ratings

• positive: 0 0%
• neutral: 3 100%
• negative: 0 0%

Truist Securities Bill Chappell 40% 1-year accuracy 12 / 30 met price target	11% downside $30	Hold Maintained	13 Nov 2024
Barclays Andrew Lazar 50% 1-year accuracy 8 / 16 met price target	5% downside $32	Equal-Weight Maintained	13 Nov 2024
Stifel Matthew Smith 50% 1-year accuracy 16 / 32 met price target	5% downside $32	Hold Maintained	13 Nov 2024