Traders Buy Shares of TreeHouse Foods Inc. (THS) on Weakness
Investors purchased 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 stocks 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
THS has been the subject of a number of analyst reports. Zacks Investment Research raised 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. Jefferies Group raised their target price on shares of TreeHouse Foods from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 15th. Bank of America Corp. reaffirmed a “buy” rating on shares of TreeHouse Foods in a research report on Friday, April 15th. Susquehanna reaffirmed a “buy” rating and issued a $109.00 target price on shares of TreeHouse Foods in a research report on Monday, June 27th. Finally, JPMorgan Chase & Co. set a $119.00 target price on shares of TreeHouse Foods and gave the company a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $103.00.
The stock has a 50 day moving average price of $100.97 and a 200-day moving average price of $90.12. The company has a market capitalization of $5.65 billion and a P/E ratio of 49.01.
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 company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. The firm’s revenue was up 103.0% on a year-over-year basis. On average, equities analysts forecast that TreeHouse Foods Inc. will post $3.07 earnings per share for the current year.
In other TreeHouse Foods news, SVP Erik Thomas Kahler sold 5,700 shares of the business’s stock in a transaction on Wednesday, June 29th. The shares were 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 approximately $2,885,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Emmet Oneill III sold 4,210 shares of the business’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $95.01, for a total transaction 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 number of hedge funds have made changes to their positions in the stock. 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 period. I.G. Investment Management LTD. acquired 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 period. Mutual of America Capital Management LLC raised its stake in shares of TreeHouse Foods by 2.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 29,432 shares of the company’s stock worth $2,309,000 after buying an additional 764 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of 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. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.