Sessa Capital IM L.P. Purchases 1,781,179 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Sessa Capital IM L.P. raised its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 121.9% during the fourth quarter, Holdings Channel reports. The firm owned 3,242,483 shares of the company’s stock after buying an additional 1,781,179 shares during the period. TreeHouse Foods comprises 4.1% of Sessa Capital IM L.P.’s holdings, making the stock its 10th biggest holding. Sessa Capital IM L.P. owned 0.06% of TreeHouse Foods worth $113,908,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of THS. FMR LLC raised its stake in shares of TreeHouse Foods by 90.5% during the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock worth $183,363,000 after buying an additional 2,479,495 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in TreeHouse Foods by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company’s stock worth $115,818,000 after purchasing an additional 137,744 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in TreeHouse Foods by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company’s stock valued at $31,654,000 after acquiring an additional 32,613 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of TreeHouse Foods by 2.0% during the 4th quarter. William Blair Investment Management LLC now owns 898,536 shares of the company’s stock worth $31,566,000 after buying an additional 17,225 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of TreeHouse Foods by 5.9% during the 4th quarter. Northern Trust Corp now owns 502,601 shares of the company’s stock worth $17,656,000 after buying an additional 28,029 shares during the last quarter. 99.81% of the stock is owned by institutional investors.

Insider Transactions at TreeHouse Foods

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

TreeHouse Foods Trading Up 2.5%

Shares of TreeHouse Foods stock opened at $23.32 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average price is $24.23 and its 200-day moving average price is $30.57. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 43.19 and a beta of 0.30. TreeHouse Foods, Inc. has a 12-month low of $20.63 and a 12-month high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $789.66 million. During the same period last year, the business earned ($0.03) earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on THS. Jefferies Financial Group decreased their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Truist Financial decreased their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. TD Cowen reduced their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Finally, Stifel Nicolaus reduced their price target on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.83.

About TreeHouse Foods

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.