TreeHouse Foods Inc. (THS) Sees Strong Trading Volume
TreeHouse Foods Inc. (NYSE:THS) saw unusually-strong trading volume on Wednesday . Approximately 2,067,028 shares were traded during trading, an increase of 91% from the previous session’s volume of 1,081,025 shares.The stock last traded at $101.85 and had previously closed at $101.96.
Several analysts have issued reports on THS shares. Bank of America Corp. restated a “buy” rating on shares of TreeHouse Foods in a research report on Friday, April 15th. KeyCorp started 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. Susquehanna reiterated a “buy” rating on shares of TreeHouse Foods in a report on Thursday, May 26th. Finally, Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Tuesday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $95.80.
The company has a market capitalization of $5.75 billion and a price-to-earnings ratio of 49.88. The company has a 50 day moving average of $96.18 and a 200 day moving average of $86.17.
TreeHouse Foods (NYSE:THS) last posted its earnings results on Thursday, May 5th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The business earned $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 62.2% on a year-over-year basis. Equities research analysts anticipate that TreeHouse Foods Inc. will post $3.07 EPS for the current fiscal year.
In other news, CAO Thomas Emmet Oneill III sold 4,210 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $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 business’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $100.00, for a total transaction of $570,000.00. Following the completion of the sale, the senior vice president now owns 28,857 shares in the company, valued at $2,885,700. The disclosure for this sale can be found here.
Several hedge funds have bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake 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 period. I.G. Investment Management LTD. acquired a new stake in TreeHouse Foods during the fourth quarter worth $1,483,000. Victory Capital Management Inc. increased its stake 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 period. Turner Investments L.P. increased its stake in TreeHouse Foods by 131.3% in the fourth quarter. Turner Investments L.P. now owns 18,500 shares of the company’s stock worth $1,452,000 after buying an additional 10,500 shares during the period. Finally, Principal Financial Group Inc. increased its stake in TreeHouse Foods by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 135,298 shares of the company’s stock worth $10,616,000 after buying an additional 3,525 shares during the period.
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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