SG Americas Securities LLC Sells 19,208 Shares of TreeHouse Foods, Inc. (NYSE:THS)

SG Americas Securities LLC lessened its holdings in shares of TreeHouse Foods, Inc. (NYSE:THS) by 86.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,900 shares of the company’s stock after selling 19,208 shares during the period. SG Americas Securities LLC’s holdings in TreeHouse Foods were worth $120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in THS. PenderFund Capital Management Ltd. bought a new position in TreeHouse Foods during the first quarter worth about $28,000. Point72 Hong Kong Ltd bought a new position in TreeHouse Foods during the first quarter worth about $30,000. NBC Securities Inc. bought a new position in TreeHouse Foods during the third quarter worth about $37,000. Fairfield Bush & CO. bought a new position in TreeHouse Foods during the second quarter worth about $59,000. Finally, State of Wyoming boosted its position in TreeHouse Foods by 185.2% during the second quarter. State of Wyoming now owns 1,814 shares of the company’s stock worth $91,000 after purchasing an additional 1,178 shares during the period. Institutional investors own 99.81% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating and cut their target price for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods has a consensus rating of “Hold” and an average price target of $46.67.

TreeHouse Foods Price Performance

THS stock opened at $36.67 on Friday. The firm has a 50 day moving average of $37.59 and a 200-day moving average of $39.99. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. TreeHouse Foods, Inc. has a 12 month low of $34.76 and a 12 month high of $55.30. The firm has a market capitalization of $1.98 billion, a P/E ratio of 38.60 and a beta of 0.35.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Friday, February 16th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The company had revenue of $910.60 million during the quarter, compared to analyst estimates of $924.87 million. During the same period last year, the business earned $0.98 earnings per share. TreeHouse Foods’s revenue was down 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that TreeHouse Foods, Inc. will post 2.22 earnings per share for the current fiscal 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.