SG Americas Securities LLC Buys 34,846 Shares of TreeHouse Foods, Inc. $THS

SG Americas Securities LLC grew its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 253.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,571 shares of the company’s stock after buying an additional 34,846 shares during the quarter. SG Americas Securities LLC owned 0.10% of TreeHouse Foods worth $982,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ethic Inc. purchased a new position in shares of TreeHouse Foods during the third quarter worth approximately $206,000. CWM LLC boosted its stake in shares of TreeHouse Foods by 267.2% in the 3rd quarter. CWM LLC now owns 32,115 shares of the company’s stock valued at $649,000 after purchasing an additional 23,370 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of TreeHouse Foods by 22.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 75,926 shares of the company’s stock valued at $1,534,000 after purchasing an additional 13,952 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of TreeHouse Foods by 165.3% during the 3rd quarter. GAMMA Investing LLC now owns 7,740 shares of the company’s stock valued at $156,000 after purchasing an additional 4,822 shares during the last quarter. Finally, State of Wyoming raised its position in TreeHouse Foods by 462.5% in the 2nd quarter. State of Wyoming now owns 19,256 shares of the company’s stock worth $374,000 after purchasing an additional 15,833 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TreeHouse Foods news, SVP Stephen Alan Landry sold 6,097 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $23.79, for a total transaction of $145,047.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.10% of the company’s stock.

TreeHouse Foods Stock Performance

THS opened at $24.31 on Monday. The company’s 50 day moving average is $23.71 and its 200 day moving average is $20.71. The company has a current ratio of 1.29, a quick ratio of 0.40 and a debt-to-equity ratio of 1.18. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -5.06 and a beta of 0.17. TreeHouse Foods, Inc. has a 12-month low of $15.85 and a 12-month high of $40.77.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, November 10th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The business had revenue of $841.90 million for the quarter, compared to analysts’ expectations of $853.53 million. TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. On average, equities research analysts predict that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on THS shares. Stifel Nicolaus increased their target price on TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 11th. Barclays increased their price objective on TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. William Blair downgraded shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Truist Financial increased their price target on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TreeHouse Foods in a report on Monday, December 29th. Eight analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $24.67.

TreeHouse Foods Profile

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.