Sessa Capital IM L.P. Boosts Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

Sessa Capital IM L.P. boosted its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS - Free Report) by 121.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,242,483 shares of the company's stock after purchasing an additional 1,781,179 shares during the period. TreeHouse Foods comprises approximately 4.1% of Sessa Capital IM L.P.'s investment portfolio, making the stock its 10th biggest position. Sessa Capital IM L.P. owned 6.33% of TreeHouse Foods worth $113,908,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of TreeHouse Foods by 7.0% in the 3rd quarter. Barclays PLC now owns 337,657 shares of the company's stock valued at $14,175,000 after purchasing an additional 21,951 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new stake in TreeHouse Foods in the fourth quarter valued at approximately $216,000. Wedge Capital Management L L P NC grew its stake in shares of TreeHouse Foods by 11.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 38,014 shares of the company's stock worth $1,335,000 after buying an additional 3,812 shares during the last quarter. Roberts Wealth Advisors LLC grew its stake in shares of TreeHouse Foods by 297.4% during the fourth quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company's stock worth $2,858,000 after buying an additional 63,804 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of TreeHouse Foods by 4.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 42,261 shares of the company's stock valued at $1,485,000 after acquiring an additional 1,734 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company's stock.

TreeHouse Foods Trading Up 0.2%

Shares of NYSE:THS traded up $0.04 during midday trading on Thursday, reaching $22.55. The company's stock had a trading volume of 180,316 shares, compared to its average volume of 727,234. TreeHouse Foods, Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The firm has a 50 day moving average price of $23.93 and a two-hundred day moving average price of $30.29. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 41.76 and a beta of 0.30.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.24. The firm had revenue of $792.00 million for the quarter, compared to analysts' expectations of $789.66 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) EPS. As a group, analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Insider Activity

In other news, CEO Steven Oakland bought 4,660 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $21.46 per share, for a total transaction of $100,003.60. Following the acquisition, the chief executive officer now directly owns 369,521 shares in the company, valued at approximately $7,929,920.66. This trade represents a 1.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jana Partners Management, Lp purchased 17,678 shares of the firm's stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $23.09 per share, with a total value of $408,185.02. Following the purchase, the director now directly owns 5,482,337 shares in the company, valued at $126,587,161.33. This represents a 0.32% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 147,123 shares of company stock worth $3,234,741. Company insiders own 11.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on THS shares. Jefferies Financial Group lowered their target price on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Truist Financial dropped their price objective on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a report on Thursday, May 8th. TD Cowen cut their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus reduced their price target on TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, Wall Street Zen raised TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $27.83.

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.