Sasco Capital Inc. CT Has $18.86 Million Position in TreeHouse Foods, Inc. (NYSE:THS)

Sasco Capital Inc. CT trimmed its stake in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 14.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 449,340 shares of the company's stock after selling 74,425 shares during the period. TreeHouse Foods comprises about 2.8% of Sasco Capital Inc. CT's investment portfolio, making the stock its 16th largest position. Sasco Capital Inc. CT owned 0.85% of TreeHouse Foods worth $18,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Shapiro Capital Management LLC grew its position in TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company's stock worth $58,163,000 after acquiring an additional 286,770 shares during the last quarter. New South Capital Management Inc. increased its stake in shares of TreeHouse Foods by 22.4% in the second quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company's stock valued at $50,217,000 after buying an additional 250,399 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of TreeHouse Foods by 52.6% in the first quarter. Capital Research Global Investors now owns 950,372 shares of the company's stock valued at $37,017,000 after buying an additional 327,448 shares during the last quarter. Armistice Capital LLC lifted its position in TreeHouse Foods by 12.2% during the 2nd quarter. Armistice Capital LLC now owns 783,000 shares of the company's stock worth $28,689,000 after buying an additional 85,000 shares in the last quarter. Finally, Leeward Investments LLC MA grew its holdings in TreeHouse Foods by 1.2% during the 2nd quarter. Leeward Investments LLC MA now owns 685,667 shares of the company's stock worth $25,123,000 after acquiring an additional 7,879 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on THS shares. Truist Financial dropped 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. Mizuho increased their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. StockNews.com upgraded TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Tuesday, August 6th. Barclays cut their price target on TreeHouse Foods from $39.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 13th. Finally, Consumer Edge lowered TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $34.20.

Insider Activity at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now directly owns 20,784 shares of the company's stock, 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 SEC, which is available through this hyperlink. Corporate insiders own 0.90% of the company's stock.

TreeHouse Foods Trading Up 2.5 %

Shares of NYSE:THS traded up $0.83 during midday trading on Tuesday, hitting $33.55. The company had a trading volume of 775,463 shares, compared to its average volume of 522,596. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 12 month low of $28.04 and a 12 month high of $43.84. The firm has a fifty day simple moving average of $39.32 and a 200 day simple moving average of $38.18. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -71.11 and a beta of 0.23.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). The company had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. TreeHouse Foods's quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. On average, analysts predict that TreeHouse Foods, Inc. will post 2.15 EPS for the current year.

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.