TreeHouse Foods, Inc. (NYSE:THS) Director Sells $167,440.00 in Stock

by · The Cerbat Gem

TreeHouse Foods, Inc. (NYSE:THS – Get Free Report) Director Mark Hunter sold 4,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $41.86, for a total transaction of $167,440.00. Following the sale, the director now directly owns 567 shares of the company’s stock, valued at approximately $23,734.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TreeHouse Foods Stock Up 1.6 %

Shares of NYSE THS opened at $41.96 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 104.90 and a beta of 0.43. TreeHouse Foods, Inc. has a 12 month low of $36.11 and a 12 month high of $55.30. The stock has a 50-day moving average price of $41.00 and a two-hundred day moving average price of $45.98.

TreeHouse Foods (NYSE:THS – Get Free Report) last released its quarterly earnings data on Monday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. TreeHouse Foods had a return on equity of 8.81% and a net margin of 0.62%. The company had revenue of $863.30 million during the quarter, compared to the consensus estimate of $955.26 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts forecast that TreeHouse Foods, Inc. will post 2.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. PenderFund Capital Management Ltd. acquired a new position in shares of TreeHouse Foods in the first quarter valued at approximately $28,000. Point72 Hong Kong Ltd acquired a new position in shares of TreeHouse Foods in the first quarter valued at approximately $30,000. Headlands Technologies LLC acquired a new position in shares of TreeHouse Foods in the second quarter valued at approximately $33,000. NBC Securities Inc. acquired a new position in shares of TreeHouse Foods in the third quarter valued at approximately $37,000. Finally, Fairfield Bush & CO. bought a new stake in TreeHouse Foods in the second quarter valued at approximately $59,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on THS. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Stifel Nicolaus cut their price objective on shares of TreeHouse Foods from $47.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, November 7th. Stephens began coverage on shares of TreeHouse Foods in a research report on Friday, October 13th. They set an “equal weight” rating and a $48.00 price objective for the company. TheStreet cut shares of TreeHouse Foods from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Finally, TD Cowen began coverage on shares of TreeHouse Foods in a research report on Wednesday, September 13th. They set a “market perform” rating and a $45.00 price objective for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, TreeHouse Foods has a consensus rating of “Hold” and an average target price of $49.00.

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TreeHouse Foods Company Profile

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TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. The company provides snacking product, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, snack bars, and unique candy; and beverage and drink mix, including non-dairy creamer, single serve beverages, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.

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