SG Americas Securities LLC Cuts Stock Position in TreeHouse Foods, Inc. (NYSE:THS)

SG Americas Securities LLC lessened its stake in TreeHouse Foods, Inc. (NYSE:THS) by 54.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,211 shares of the company’s stock after selling 12,000 shares during the quarter. SG Americas Securities LLC’s holdings in TreeHouse Foods were worth $359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in TreeHouse Foods by 37.7% in the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock worth $5,213,000 after acquiring an additional 33,978 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock worth $13,284,000 after acquiring an additional 206,411 shares in the last quarter. Chartwell Investment Partners LLC purchased a new stake in TreeHouse Foods in the 3rd quarter worth $8,042,000. Harbor Capital Advisors Inc. increased its holdings in TreeHouse Foods by 68.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock worth $12,803,000 after acquiring an additional 123,669 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of TreeHouse Foods by 90.8% during the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after buying an additional 5,413 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Trading Down 0.3 %

Shares of THS stock opened at $34.42 on Tuesday. The company’s 50-day moving average price is $34.39 and its 200-day moving average price is $37.49. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -73.22 and a beta of 0.22. TreeHouse Foods, Inc. has a twelve month low of $28.04 and a twelve month high of $43.84.

TreeHouse Foods (NYSE:THS) last announced 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). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. During the same period in the previous year, the firm posted $0.57 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. As a group, equities analysts predict that TreeHouse Foods, Inc. will post 1.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

THS has been the subject of a number of research reports. Barclays upped their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. 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 report on Wednesday, November 13th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Stifel Nicolaus upped their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods has a consensus rating of “Hold” and a consensus price target of $35.40.

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.