TreeHouse Foods Inc. (NYSE:THS) shares hit a new 52-week high on Friday . The stock traded as high as $103.78 and last traded at $103.48, with a volume of 299,629 shares changing hands. The stock had previously closed at $102.65.

Several research analysts recently weighed in on the company. Zacks Investment Research cut TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Friday. Susquehanna reiterated a “buy” rating and set a $109.00 price target on shares of TreeHouse Foods in a research report on Monday, June 27th. KeyCorp assumed coverage on TreeHouse Foods in a research report on Wednesday, May 25th. They set an “overweight” rating and a $110.00 price target for the company. Finally, Bank of America Corp. reiterated a “buy” rating on shares of TreeHouse Foods in a research report on Thursday, May 12th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $95.80.

The stock has a 50 day moving average price of $96.95 and a 200 day moving average price of $86.47. The stock has a market cap of $5.88 billion and a PE ratio of 51.01.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, May 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The firm earned $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 62.2% compared to the same quarter last year. On average, equities research analysts predict that TreeHouse Foods Inc. will post $3.07 EPS for the current fiscal year.

In related news, SVP Erik Thomas Kahler sold 5,700 shares of the company’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $90.00, for a total value of $513,000.00. Following the completion of the sale, the senior vice president now directly owns 25,246 shares of the company’s stock, valued at approximately $2,272,140. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Emmet Oneill III sold 4,210 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $95.01, for a total value of $399,992.10. Following the sale, the chief accounting officer now directly owns 144,159 shares of the company’s stock, valued at $13,696,546.59. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of the stock. Sei Investments Co. increased its stake in TreeHouse Foods by 21.1% in the fourth quarter. Sei Investments Co. now owns 42,310 shares of the company’s stock valued at $3,320,000 after buying an additional 7,360 shares in the last quarter. Morgan Stanley increased its stake in TreeHouse Foods by 37.7% in the fourth quarter. Morgan Stanley now owns 29,849 shares of the company’s stock valued at $2,341,000 after buying an additional 8,175 shares in the last quarter. Russell Frank Co increased its stake in TreeHouse Foods by 8.4% in the fourth quarter. Russell Frank Co now owns 85,137 shares of the company’s stock valued at $6,749,000 after buying an additional 6,613 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in TreeHouse Foods by 16.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 234,655 shares of the company’s stock valued at $18,411,000 after buying an additional 32,815 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in TreeHouse Foods by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 55,375 shares of the company’s stock valued at $4,345,000 after buying an additional 758 shares in the last quarter.

TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturing company. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. Its North American Retail Grocery segment sells branded and private label products to customers within the United States and Canada.

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