TreeHouse Foods Inc. (NYSE:THS) CEO Sam K. Reed sold 11,480 shares of TreeHouse Foods stock in a transaction on Monday, January 8th. The shares were sold at an average price of $49.72, for a total value of $570,785.60. Following the completion of the transaction, the chief executive officer now owns 81,147 shares in the company, valued at approximately $4,034,628.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
TreeHouse Foods Inc. (NYSE THS) traded down $0.57 during midday trading on Thursday, hitting $48.88. The company had a trading volume of 458,600 shares, compared to its average volume of 714,057. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 2.16. TreeHouse Foods Inc. has a 12 month low of $40.26 and a 12 month high of $90.42. The firm has a market cap of $2,790.00, a P/E ratio of -10.84, a price-to-earnings-growth ratio of 2.76 and a beta of 0.49.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). TreeHouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the business earned $0.70 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. equities research analysts anticipate that TreeHouse Foods Inc. will post 2.73 EPS for the current year.
TreeHouse Foods announced that its board has authorized a stock buyback plan on Thursday, November 2nd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
Several equities analysts have recently issued reports on THS shares. Wolfe Research started coverage on TreeHouse Foods in a research note on Monday, December 4th. They issued a “market perform” rating on the stock. Citigroup decreased their price target on TreeHouse Foods from $90.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Zacks Investment Research upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Jefferies Group set a $100.00 price target on TreeHouse Foods and gave the company a “buy” rating in a research note on Sunday, October 29th. Finally, TheStreet lowered TreeHouse Foods from a “c-” rating to a “d+” rating in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $59.90.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in TreeHouse Foods by 12.2% during the 3rd quarter. Wells Fargo & Company MN now owns 5,133,963 shares of the company’s stock worth $347,723,000 after buying an additional 557,363 shares during the period. BlackRock Inc. lifted its holdings in TreeHouse Foods by 0.4% during the 2nd quarter. BlackRock Inc. now owns 4,668,862 shares of the company’s stock worth $381,400,000 after buying an additional 16,592 shares during the period. Vanguard Group Inc. lifted its holdings in TreeHouse Foods by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,574,766 shares of the company’s stock worth $373,713,000 after buying an additional 56,356 shares during the period. FMR LLC lifted its holdings in TreeHouse Foods by 2.3% during the 2nd quarter. FMR LLC now owns 3,866,371 shares of the company’s stock worth $315,843,000 after buying an additional 87,098 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in TreeHouse Foods by 616.9% during the 3rd quarter. Victory Capital Management Inc. now owns 3,273,871 shares of the company’s stock worth $221,740,000 after buying an additional 2,817,230 shares during the period.
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TreeHouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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