Stephen Alan Landry Sells 6,097 Shares of TreeHouse Foods (NYSE:THS) Stock

TreeHouse Foods, Inc. (NYSE:THS) SVP Stephen Alan Landry sold 6,097 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $23.79, for a total value of $145,047.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

TreeHouse Foods Price Performance

TreeHouse Foods stock opened at $23.90 on Friday. The stock’s 50 day moving average is $21.75 and its 200 day moving average is $20.32. TreeHouse Foods, Inc. has a one year low of $15.85 and a one year high of $40.77. The firm has a market cap of $1.21 billion, a P/E ratio of -4.98 and a beta of 0.18. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.29 and a quick ratio of 0.40.

TreeHouse Foods (NYSE:THS) last released its earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. The firm had revenue of $841.90 million for the quarter, compared to analyst estimates of $853.53 million. During the same period in the prior year, the company posted ($0.07) EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on THS shares. Zacks Research lowered shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of TreeHouse Foods in a research note on Monday. Barclays upped their target price on TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. William Blair downgraded TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Truist Financial boosted their price target on TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research note on Thursday, November 13th. Seven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $24.67.

Institutional Trading of TreeHouse Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in TreeHouse Foods by 320.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock worth $26,000 after acquiring an additional 1,033 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of TreeHouse Foods by 430.9% during the third quarter. Hantz Financial Services Inc. now owns 1,460 shares of the company’s stock valued at $30,000 after acquiring an additional 1,185 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of TreeHouse Foods during the third quarter worth approximately $46,000. Blue Trust Inc. lifted its holdings in shares of TreeHouse Foods by 50.7% in the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the company’s stock worth $56,000 after purchasing an additional 968 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in TreeHouse Foods by 719.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,918 shares of the company’s stock valued at $57,000 after purchasing an additional 2,562 shares during the period. 99.81% of the stock is owned by institutional investors.

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.