TreeHouse Foods Inc. (THS) Trading Down 1.3%
TreeHouse Foods Inc. (NYSE:THS) dropped 1.3% on Thursday . The company traded as low as $94.98 and last traded at $95.10, with a volume of 372,334 shares trading hands. The stock had previously closed at $96.37.
THS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Tuesday, July 5th. 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 initiated coverage on shares of TreeHouse Foods in a research report on Wednesday, May 25th. They set an “overweight” rating and a $110.00 price target for the company. JPMorgan Chase & Co. set a $119.00 price target on shares of TreeHouse Foods and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Jefferies Group reiterated a “buy” rating on shares of TreeHouse Foods in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $103.00.
The stock has a 50-day moving average price of $100.23 and a 200 day moving average price of $92.30. The stock has a market capitalization of $5.36 billion and a P/E ratio of 60.21.
TreeHouse Foods (NYSE:THS) last released its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.54. The firm earned $1.50 billion during the quarter, compared to analysts’ expectations of $1.58 billion. TreeHouse Foods’s revenue for the quarter was up 103.0% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share. Analysts forecast that TreeHouse Foods Inc. will post $3.07 EPS for the current fiscal year.
In other TreeHouse Foods news, SVP Erik Thomas Kahler sold 5,700 shares of the company’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $100.00, for a total value of $570,000.00. Following the transaction, the senior vice president now directly owns 28,857 shares in the company, valued at approximately $2,885,700. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas Emmet Oneill III sold 6,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $97.00, for a total transaction of $582,000.00. Following the completion of the transaction, the vice president now owns 145,138 shares in the company, valued at $14,078,386. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in TreeHouse Foods by 9.4% in the fourth quarter. Ameriprise Financial Inc. now owns 593,282 shares of the company’s stock worth $46,547,000 after buying an additional 50,772 shares during the period. King Luther Capital Management Corp increased its position in TreeHouse Foods by 22.6% in the fourth quarter. King Luther Capital Management Corp now owns 271,880 shares of the company’s stock worth $21,332,000 after buying an additional 50,152 shares in 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 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. 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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