Sessa Capital IM L.P. Has $61.35 Million Stock Holdings in TreeHouse Foods, Inc. (NYSE:THS)

Sessa Capital IM L.P. reduced its holdings in TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 15.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,461,304 shares of the company's stock after selling 274,133 shares during the quarter. TreeHouse Foods makes up 2.2% of Sessa Capital IM L.P.'s portfolio, making the stock its 15th biggest position. Sessa Capital IM L.P. owned approximately 2.78% of TreeHouse Foods worth $61,346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC increased its stake in shares of TreeHouse Foods by 33.6% in the first 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 raised its stake in TreeHouse Foods by 6.0% during the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company's stock valued at $398,000 after acquiring an additional 579 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in TreeHouse Foods by 26.0% during 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 period. UniSuper Management Pty Ltd acquired a new position in TreeHouse Foods during the 1st quarter worth $484,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of TreeHouse Foods by 8.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 45,004 shares of the company's stock worth $1,754,000 after purchasing an additional 3,549 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

TreeHouse Foods Price Performance

Shares of NYSE:THS traded up $0.30 on Friday, reaching $35.65. 287,272 shares of the company traded hands, compared to its average volume of 521,874. 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 $1.83 billion, a PE ratio of -76.19 and a beta of 0.23. The company's 50 day moving average is $38.90 and its 200-day moving average is $38.11. TreeHouse Foods, Inc. has a fifty-two week low of $28.04 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. During the same quarter in the previous year, the firm posted $0.57 EPS. TreeHouse Foods's quarterly revenue was down 1.0% on a year-over-year basis. As a group, analysts anticipate that TreeHouse Foods, Inc. will post 2.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on THS. Truist Financial decreased 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 report on Wednesday, November 13th. StockNews.com upgraded shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, August 6th. Barclays dropped their target price on TreeHouse Foods from $39.00 to $32.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 13th. Consumer Edge lowered TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research note on Friday, November 15th. Finally, Mizuho boosted their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, August 26th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $34.20.

Insiders Place Their Bets

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now owns 20,784 shares of the company's stock, valued at $879,994.56. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.90% of the company's stock.

TreeHouse Foods 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.