TreeHouse Foods Inc. (NYSE:THS) CEO Sam K. Reed sold 11,480 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $49.72, for a total value of $570,785.60. Following the transaction, the chief executive officer now directly owns 81,147 shares in the company, valued at approximately $4,034,628.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of TreeHouse Foods Inc. (THS) traded down $0.57 on Wednesday, hitting $48.88. The company had a trading volume of 458,671 shares, compared to its average volume of 714,057. The company has a quick ratio of 0.81, a current ratio of 2.16 and a debt-to-equity ratio of 1.01. The stock has a market cap of $2,800.00, a price-to-earnings ratio of -10.84, a P/E/G ratio of 2.76 and a beta of 0.49. TreeHouse Foods Inc. has a twelve month low of $40.26 and a twelve month high of $90.42.
TreeHouse Foods (NYSE:THS) last issued its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. TreeHouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. equities research analysts forecast that TreeHouse Foods Inc. will post 2.73 EPS for the current year.
TreeHouse Foods declared that its Board of Directors has authorized a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.
Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. increased its holdings in TreeHouse Foods by 120.6% in the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock valued at $105,000 after purchasing an additional 703 shares in the last quarter. Parallax Volatility Advisers L.P. increased its holdings in TreeHouse Foods by 30.9% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock valued at $153,000 after purchasing an additional 442 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in TreeHouse Foods by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock valued at $162,000 after purchasing an additional 199 shares in the last quarter. Sterling Capital Management LLC increased its holdings in TreeHouse Foods by 0.5% in the 2nd quarter. Sterling Capital Management LLC now owns 3,047 shares of the company’s stock valued at $249,000 after purchasing an additional 14 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new stake in TreeHouse Foods in the 3rd quarter valued at $212,000.
A number of brokerages have weighed in on THS. Zacks Investment Research raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co set a $46.00 price target on TreeHouse Foods and gave the stock a “hold” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. set a $39.00 price target on TreeHouse Foods and gave the stock a “sell” rating in a research note on Wednesday, December 13th. Wolfe Research began coverage on TreeHouse Foods in a research note on Monday, December 4th. They set a “market perform” rating on the stock. Finally, Vertical Group raised TreeHouse Foods from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.90.
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About TreeHouse Foods
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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