Investors Buy Shares of TreeHouse Foods Inc. (THS) on Weakness
Traders purchased shares of TreeHouse Foods Inc. (NYSE:THS) on weakness during trading on Thursday. $28.01 million flowed into the stock on the tick-up and $20.16 million flowed out of the stock on the tick-down, for a money net flow of $7.85 million into the stock. Of all equities tracked, TreeHouse Foods had the 21st highest net in-flow for the day. TreeHouse Foods traded down ($1.08) for the day and closed at $97.75
A number of analysts have recently commented on THS shares. JPMorgan Chase & Co. set a $119.00 price objective on TreeHouse Foods and gave the stock a “buy” rating in a research note on Friday, August 5th. Jefferies Group restated a “buy” rating on shares of TreeHouse Foods in a report on Monday, August 1st. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Tuesday, July 5th. Susquehanna restated a “buy” rating and issued a $109.00 target price on shares of TreeHouse Foods in a report on Monday, June 27th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of TreeHouse Foods in a report on Thursday, May 12th. Two research analysts have rated the stock with a hold rating, seven have assigned 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 $103.00.
The company has a market capitalization of $5.56 billion and a P/E ratio of 62.43. The firm has a 50 day moving average price of $101.17 and a 200 day moving average price of $91.05.
TreeHouse Foods (NYSE:THS) last posted its quarterly 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. During the same period last year, the company earned $0.66 EPS. The company earned $1.50 billion during the quarter, compared to analyst estimates of $1.58 billion. The business’s revenue for the quarter was up 103.0% compared to the same quarter last year. Equities analysts expect that TreeHouse Foods Inc. will post $3.07 EPS for the current fiscal year.
In other news, 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 value of $378,289.10. Following the transaction, the director now owns 4,020 shares of the company’s stock, valued at approximately $397,055.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Erik Thomas Kahler sold 5,700 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $95.00, for a total value of $541,500.00. Following the completion of the transaction, the senior vice president now directly owns 25,246 shares in the company, valued at approximately $2,398,370. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position 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. Victory Capital Management Inc. boosted 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 in the last quarter. 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 worth $3,497,000 after buying an additional 1,383 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in 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 in the last quarter. Finally, I.G. Investment Management LTD. purchased a new stake in TreeHouse Foods during the fourth quarter worth approximately $1,483,000.
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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