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

Sessa Capital IM L.P. trimmed its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 15.8% in the third quarter, according to the company in its most recent Form 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 quarter. TreeHouse Foods comprises approximately 2.2% of Sessa Capital IM L.P.’s investment portfolio, making the stock its 15th biggest position. Sessa Capital IM L.P. owned about 2.78% of TreeHouse Foods worth $61,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of THS. Signaturefd LLC grew its holdings in TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of TreeHouse Foods in the second quarter valued at about $37,000. Innealta Capital LLC bought a new position in TreeHouse Foods during the second quarter worth about $44,000. GAMMA Investing LLC raised its stake in TreeHouse Foods by 304.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after purchasing an additional 972 shares in the last quarter. Finally, Rothschild Investment LLC bought a new stake in TreeHouse Foods in the 2nd quarter valued at about $67,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

THS has been the subject of a number of analyst reports. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Stifel Nicolaus reduced their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Barclays lowered their price objective on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 13th. Finally, Mizuho raised their target price on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Stock Performance

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

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

Insider Buying and Selling at TreeHouse Foods

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the sale, the executive vice president now directly owns 20,784 shares in the company, valued at approximately $879,994.56. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

About TreeHouse Foods

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.