TreeHouse Foods Inc. (THS) Stock Price Down 1.5%
Shares of TreeHouse Foods Inc. (NYSE:THS) dropped 1.5% during trading on Tuesday . The company traded as low as $102.59 and last traded at $102.77, with a volume of 344,524 shares traded. The stock had previously closed at $104.35.
Several equities analysts have recently issued reports on THS shares. Susquehanna reissued a “buy” rating and issued a $109.00 price target on shares of TreeHouse Foods in a report on Monday, June 27th. Zacks Investment Research raised shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Tuesday, July 5th. KeyCorp started coverage on shares of TreeHouse Foods in a research report on Wednesday, May 25th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of TreeHouse Foods in a research report on Friday, April 15th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $95.80.
The company has a 50 day moving average of $98.03 and a 200 day moving average of $86.99. The firm has a market cap of $5.84 billion and a PE ratio of 50.64.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.07. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the business posted $0.59 EPS. TreeHouse Foods’s revenue was up 62.2% on a year-over-year basis. Equities analysts anticipate that TreeHouse Foods Inc. will post $3.07 earnings per share 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 shares were 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 directly owns 9,343 shares in the company, valued at $888,612.73. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ann Sardini sold 3,830 shares of the stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $98.77, for a total transaction of $378,289.10. Following the sale, the director now owns 4,020 shares of the company’s stock, valued at $397,055.40. The disclosure for this sale can be found here.
Other large investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its stake in TreeHouse Foods by 3.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,757 shares of the company’s stock valued at $2,021,000 after buying an additional 757 shares during the period. State of Wisconsin Investment Board boosted its stake in TreeHouse Foods by 3.0% in the fourth quarter. State of Wisconsin Investment Board now owns 162,963 shares of the company’s stock valued at $12,786,000 after buying an additional 4,762 shares during the period. EAM Investors LLC purchased a new stake in TreeHouse Foods during the fourth quarter valued at $2,679,000. New York State Common Retirement Fund boosted its stake 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 valued at $3,497,000 after buying an additional 1,383 shares during the period. Finally, PNC Financial Services Group Inc. boosted 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 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. 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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