TreeHouse Foods Inc. (THS) Shares Down 1.3%
Shares of TreeHouse Foods Inc. (NYSE:THS) fell 1.3% during trading on Thursday . The stock traded as low as $94.98 and last traded at $95.10, with a volume of 372,334 shares. The stock had previously closed at $96.37.
Several brokerages recently commented on THS. Zacks Investment Research lowered TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Friday, July 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $98.00 price objective on shares of TreeHouse Foods in a report on Friday, August 5th. Bank of America Corp. reaffirmed a “buy” rating on shares of TreeHouse Foods in a report on Thursday, May 12th. KeyCorp began coverage on TreeHouse Foods in a report on Wednesday, May 25th. They issued an “overweight” rating and a $110.00 price objective for the company. Finally, Jefferies Group lifted their price objective on TreeHouse Foods from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 15th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $105.25.
The company’s 50-day moving average is $99.99 and its 200 day moving average is $92.43. The firm has a market cap of $5.33 billion and a price-to-earnings ratio of 59.87.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. During the same quarter in the prior year, the company posted $0.66 EPS. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.58 billion. The business’s revenue for the quarter was up 103.0% on a year-over-year basis. Analysts predict that TreeHouse Foods Inc. will post $3.07 EPS for the current fiscal year.
In other news, EVP Christopher D. Sliva sold 3,093 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $95.11, for a total transaction of $294,175.23. Following the completion of the sale, the executive vice president now owns 9,343 shares in the company, valued at approximately $888,612.73. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Thomas Emmet Oneill III sold 4,210 shares of the stock in a transaction 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 owns 144,159 shares of the company’s stock, valued at approximately $13,696,546.59. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in TreeHouse Foods stock. King Luther Capital Management Corp raised its stake in shares of TreeHouse Foods Inc. (NYSE:THS) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 271,880 shares of the company’s stock after buying an additional 50,152 shares during the period. King Luther Capital Management Corp owned approximately 0.63% of TreeHouse Foods worth $21,332,000 as of its most recent filing with the SEC.
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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