TreeHouse Foods, Inc. (NYSE:THS – Get Rating) Director Ann Sardini sold 16,830 shares of the firm's stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $45.00, for a total value of $757,350.00. Following the sale, the director now directly owns 6,883 shares in the company, valued at $309,735. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
TreeHouse Foods Price Performance
THS stock traded down $0.10 during mid-day trading on Wednesday, reaching $43.89. 316,940 shares of the company's stock were exchanged, compared to its average volume of 449,641. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -44.79 and a beta of 0.36. The stock's 50 day moving average is $45.35 and its 200 day moving average is $39.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.15 and a quick ratio of 0.42. TreeHouse Foods, Inc. has a 12-month low of $29.47 and a 12-month high of $50.39.
Get TreeHouse Foods alerts:TreeHouse Foods (NYSE:THS – Get Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.09. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.12 billion. TreeHouse Foods had a positive return on equity of 1.15% and a negative net margin of 1.19%. TreeHouse Foods's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. On average, research analysts expect that TreeHouse Foods, Inc. will post 1.34 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. TheStreet raised TreeHouse Foods from a "d+" rating to a "c-" rating in a report on Tuesday, May 24th. Credit Suisse Group raised their target price on TreeHouse Foods to $47.00 in a report on Monday, August 15th. Finally, Truist Financial raised their target price on TreeHouse Foods from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday, August 9th.Hedge Funds Weigh In On TreeHouse Foods
A number of hedge funds have recently bought and sold shares of THS. Shapiro Capital Management LLC purchased a new position in shares of TreeHouse Foods in the fourth quarter valued at approximately $72,116,000. Leeward Investments LLC MA purchased a new position in shares of TreeHouse Foods in the first quarter valued at approximately $32,561,000. Millennium Management LLC lifted its position in shares of TreeHouse Foods by 1,739.5% in the second quarter. Millennium Management LLC now owns 491,847 shares of the company's stock valued at $20,569,000 after acquiring an additional 521,847 shares in the last quarter. Sasco Capital Inc. CT lifted its position in shares of TreeHouse Foods by 89.3% in the first quarter. Sasco Capital Inc. CT now owns 842,240 shares of the company's stock valued at $27,171,000 after acquiring an additional 397,270 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of TreeHouse Foods by 21.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,100,638 shares of the company's stock valued at $67,767,000 after acquiring an additional 371,394 shares in the last quarter.
About TreeHouse Foods
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TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. It operates through two segments, Meal Preparation, and Snacking & Beverages. The Meal Preparation segment provides aseptic cheese and pudding products; baking and mix powders; hot cereals; jams, preserves, and jellies; liquid and powdered non-dairy creamers; macaroni and cheese; mayonnaise; Mexican, barbeque, and other sauces; pastas; pickles and related products; powdered soups and gravies; refrigerated and shelf stable dressings and sauces; refrigerated dough; single serve hot beverages; skillet dinners; and table and flavored syrups.
Further Reading
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