TreeHouse Foods, Inc. (NYSE:THS) Director Acquires $2,726,552.25 in Stock

TreeHouse Foods, Inc. (NYSE:THS) Director Jana Partners Management, Lp bought 124,785 shares of TreeHouse Foods stock in a transaction dated Thursday, May 8th. The stock was acquired at an average price of $21.85 per share, with a total value of $2,726,552.25. Following the purchase, the director now directly owns 5,040,533 shares of the company’s stock, valued at approximately $110,135,646.05. This represents a 2.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Jana Partners Management, Lp also recently made the following trade(s):

• On Monday, May 12th, Jana Partners Management, Lp bought 17,678 shares of TreeHouse Foods stock. The stock was acquired at an average price of $23.09 per share, with a total value of $408,185.02.

TreeHouse Foods Trading Down 5.3%

THS stock opened at $22.15 on Thursday. The company has a market capitalization of $1.12 billion, a PE ratio of 41.02 and a beta of 0.30. TreeHouse Foods, Inc. has a one year low of $20.63 and a one year high of $43.84. The company’s 50 day moving average price is $24.54 and its two-hundred day moving average price is $30.77. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.24. The firm had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. As a group, analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Comerica Bank raised its stake in shares of TreeHouse Foods by 4.5% during the first quarter. Comerica Bank now owns 29,472 shares of the company’s stock worth $798,000 after acquiring an additional 1,265 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of TreeHouse Foods in the first quarter worth $2,338,000. AlphaQuest LLC increased its stake in shares of TreeHouse Foods by 351.7% in the first quarter. AlphaQuest LLC now owns 10,917 shares of the company’s stock worth $296,000 after buying an additional 8,500 shares during the period. Hsbc Holdings PLC increased its stake in shares of TreeHouse Foods by 8.8% in the first quarter. Hsbc Holdings PLC now owns 9,814 shares of the company’s stock worth $268,000 after buying an additional 790 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of TreeHouse Foods by 8.9% in the first quarter. HighTower Advisors LLC now owns 10,520 shares of the company’s stock worth $285,000 after buying an additional 861 shares during the period. 99.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

THS has been the subject of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Truist Financial dropped their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. TD Cowen dropped 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 report on Friday, April 11th. Barclays dropped their target price on shares of TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Finally, StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods currently has a consensus rating of “Hold” and an average target price of $27.83.

TreeHouse Foods Company 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.