Traders Buy TreeHouse Foods Inc. (THS) on Weakness
Investors bought shares of TreeHouse Foods Inc. (NYSE:THS) on weakness during trading hours on Thursday. $28.01 million flowed into the stock on the tick-up and $20.16 million flowed out of the stock on the tick-down, for a money net flow of $7.85 million into the stock. Of all companies tracked, TreeHouse Foods had the 21st highest net in-flow for the day. TreeHouse Foods traded down ($1.08) for the day and closed at $97.75
A number of analysts recently weighed in on the stock. Susquehanna reaffirmed a “buy” rating on shares of TreeHouse Foods in a report on Sunday, July 17th. BMO Capital Markets reaffirmed a “market perform” rating and set a $98.00 target price on shares of TreeHouse Foods in a report on Friday, August 5th. Jefferies Group upped their target price on shares of TreeHouse Foods from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 15th. Bank of America Corp. reaffirmed a “buy” rating on shares of TreeHouse Foods in a report on Thursday, May 12th. Finally, Zacks Investment Research raised shares of TreeHouse Foods from a “hold” rating to a “strong-buy” rating and set a $119.00 target price on the stock in a report on Monday, July 25th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $103.00.
The company has a market capitalization of $5.54 billion and a price-to-earnings ratio of 62.26. The company has a 50-day moving average price of $101.19 and a 200-day moving average price of $90.88.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.58 billion. The business’s revenue was up 103.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. Equities analysts expect that TreeHouse Foods Inc. will post $3.07 earnings per share for the current year.
In related news, CAO Thomas Emmet Oneill III sold 4,210 shares of the firm’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 transaction, the chief accounting officer now owns 144,159 shares of the company’s stock, valued at $13,696,546.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Erik Thomas Kahler sold 5,700 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $95.00, for a total transaction of $541,500.00. Following the completion of the transaction, the senior vice president now directly owns 25,246 shares in the company, valued at approximately $2,398,370. The disclosure for this sale can be found here.
Other institutional investors have bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in TreeHouse Foods by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,074,724 shares of the company’s stock worth $84,326,000 after buying an additional 20,075 shares during the last quarter. I.G. Investment Management LTD. acquired a new position in TreeHouse Foods during the fourth quarter worth about $1,483,000. Victory Capital Management Inc. increased its position in TreeHouse Foods by 9.3% in the fourth quarter. Victory Capital Management Inc. now owns 327,018 shares of the company’s stock worth $25,658,000 after buying an additional 27,844 shares during the last quarter. Mutual of America Capital Management LLC increased its position in TreeHouse Foods by 2.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 29,432 shares of the company’s stock worth $2,309,000 after buying an additional 764 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in TreeHouse Foods by 3.2% in the fourth quarter. New York State Common Retirement Fund now owns 44,575 shares of the company’s stock worth $3,497,000 after buying an additional 1,383 shares during 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. It manufactures a range of shelf stable, refrigerated and fresh products. Its product categories include beverages, salad dressings, snacks, beverage enhancers, pickles, Mexican and other sauces, soup and infant feeding, cereals, dry dinners, aseptic products, jams and other products.
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