SG Americas Securities LLC Has $120,000 Position in TreeHouse Foods, Inc. (NYSE:THS)

SG Americas Securities LLC cut its position in TreeHouse Foods, Inc. (NYSE:THS) by 86.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,900 shares of the company’s stock after selling 19,208 shares during the quarter. SG Americas Securities LLC’s holdings in TreeHouse Foods were worth $120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Centre Asset Management LLC raised its position in shares of TreeHouse Foods by 8.5% in the 4th quarter. Centre Asset Management LLC now owns 192,724 shares of the company’s stock valued at $7,988,000 after buying an additional 15,141 shares in the last quarter. Wellington Management Group LLP increased its position in TreeHouse Foods by 6.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,391 shares of the company’s stock worth $53,664,000 after purchasing an additional 75,162 shares in the last quarter. Deutsche Bank AG increased its position in TreeHouse Foods by 2.3% during the 3rd quarter. Deutsche Bank AG now owns 143,067 shares of the company’s stock worth $6,235,000 after purchasing an additional 3,151 shares in the last quarter. Comerica Bank acquired a new position in TreeHouse Foods during the 3rd quarter worth approximately $1,077,000. Finally, JANA Partners Management LP acquired a new position in TreeHouse Foods during the 3rd quarter worth approximately $213,877,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Trading Up 2.7 %

THS opened at $36.67 on Friday. TreeHouse Foods, Inc. has a fifty-two week low of $34.76 and a fifty-two week high of $55.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 38.60 and a beta of 0.35. The company’s 50 day moving average price is $37.59 and its two-hundred day moving average price is $39.99.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Friday, February 16th. The company reported $0.77 earnings per share for the quarter, topping 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 firm had revenue of $910.60 million for the quarter, compared to analyst estimates of $924.87 million. During the same period in the previous year, the firm posted $0.98 EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, research analysts predict that TreeHouse Foods, Inc. will post 2.22 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Truist Financial cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating and lowered their price objective 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, the stock has an average rating of “Hold” and an average price target of $46.67.

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.