Investors Buy TreeHouse Foods Inc. (THS) on Weakness
Investors bought shares of TreeHouse Foods Inc. (NYSE:THS) on weakness during trading on Thursday. $71.26 million flowed into the stock on the tick-up and $62.21 million flowed out of the stock on the tick-down, for a money net flow of $9.05 million into the stock. Of all companies tracked, TreeHouse Foods had the 25th highest net in-flow for the day. TreeHouse Foods traded down ($5.07) for the day and closed at $96.49
A number of brokerages recently issued reports on THS. Jefferies Group reiterated a “buy” rating on shares of TreeHouse Foods in a research report on Monday. Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “strong-buy” rating and set a $119.00 target price for the company in a research report on Monday, July 25th. Susquehanna reiterated a “buy” rating on shares of TreeHouse Foods in a research report on Sunday, July 17th. Bank of America Corp. reissued a “buy” rating on shares of TreeHouse Foods in a report on Thursday, May 12th. Finally, KeyCorp began coverage on shares of TreeHouse Foods in a report on Wednesday, May 25th. They issued an “overweight” rating and a $110.00 price target for the company. Two 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 stock. The company currently has an average rating of “Buy” and an average price target of $98.67.
The stock has a market capitalization of $5.45 billion and a P/E ratio of 47.25. The company’s 50 day moving average price is $100.88 and its 200-day moving average price is $90.05.
TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.54. The business earned $1.50 billion during the quarter, compared to analyst estimates of $1.58 billion. The business’s quarterly revenue was up 103.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. On average, equities research analysts predict that TreeHouse Foods Inc. will post $3.07 EPS for the current fiscal year.
In other news, SVP Erik Thomas Kahler sold 5,700 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $95.00, for a total value of $541,500.00. Following the completion of the sale, the senior vice president now directly owns 25,246 shares in the company, valued at $2,398,370. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Thomas Emmet Oneill III sold 4,210 shares of the firm’s 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 completion of the sale, the chief accounting officer now owns 144,159 shares of the company’s stock, valued at $13,696,546.59. The disclosure for this sale can be found here.
Other hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of 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. Dimensional Fund Advisors LP raised its stake in shares of 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. purchased a new stake in shares of TreeHouse Foods during the fourth quarter worth approximately $1,483,000. Wells Fargo & Company MN raised its stake in shares of TreeHouse Foods by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,080,151 shares of the company’s stock worth $84,749,000 after buying an additional 14,893 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of TreeHouse Foods by 35.4% in the fourth quarter. First Trust Advisors LP now owns 50,185 shares of the company’s stock worth $3,938,000 after buying an additional 13,128 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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