Sessa Capital IM L.P. Sells 274,133 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Sessa Capital IM L.P. cut its position in TreeHouse Foods, Inc. (NYSE:THS) by 15.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,461,304 shares of the company’s stock after selling 274,133 shares during the period. TreeHouse Foods accounts for approximately 2.2% of Sessa Capital IM L.P.’s investment portfolio, making the stock its 15th biggest holding. Sessa Capital IM L.P.’s holdings in TreeHouse Foods were worth $61,346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in THS. SG Americas Securities LLC grew its position in TreeHouse Foods by 33.6% in the 1st quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock valued at $151,000 after purchasing an additional 975 shares during the period. ProShare Advisors LLC increased its position in shares of TreeHouse Foods by 6.0% during the first quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock worth $398,000 after acquiring an additional 579 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of TreeHouse Foods by 26.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,527 shares of the company’s stock worth $722,000 after acquiring an additional 3,820 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in TreeHouse Foods in the 1st quarter valued at about $484,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in TreeHouse Foods by 8.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 45,004 shares of the company’s stock valued at $1,754,000 after acquiring an additional 3,549 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on THS shares. Barclays lowered their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Truist Financial reduced their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Finally, Mizuho raised their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Trading Up 3.2 %

NYSE THS opened at $35.33 on Friday. The business’s fifty day moving average is $39.03 and its 200-day moving average is $38.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -75.21 and a beta of 0.23. TreeHouse Foods, Inc. has a one year low of $28.04 and a one year high of $43.84.

TreeHouse Foods (NYSE:THS) last released its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The company had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that TreeHouse Foods, Inc. will post 2.08 EPS for the current year.

Insider Activity at TreeHouse Foods

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the transaction, the executive vice president now owns 20,784 shares in the company, valued at $879,994.56. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is owned by company insiders.

TreeHouse Foods Company Profile

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.