TreeHouse Foods (NYSE:THS) Director Sells $47,961,730.08 in Stock

TreeHouse Foods, Inc. (NYSE:THS) Director Jana Partners Management, Lp sold 1,959,221 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $24.48, for a total transaction of $47,961,730.08. Following the completion of the transaction, the director owned 3,862,116 shares of the company’s stock, valued at approximately $94,544,599.68. The trade was a 33.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TreeHouse Foods Stock Performance

TreeHouse Foods stock traded down $0.05 during midday trading on Tuesday, reaching $24.40. 28,940,011 shares of the company traded hands, compared to its average volume of 772,119. TreeHouse Foods, Inc. has a 12 month low of $15.85 and a 12 month high of $40.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.29 and a quick ratio of 0.40. The business has a 50 day moving average of $24.02 and a two-hundred day moving average of $21.18. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -5.08 and a beta of 0.18.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The company had revenue of $841.90 million for the quarter, compared to analysts’ expectations of $853.53 million. TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. TreeHouse Foods’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. As a group, research analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in TreeHouse Foods by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,138,099 shares of the company’s stock valued at $22,105,000 after purchasing an additional 52,130 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of TreeHouse Foods by 74.6% during the third quarter. Ameriprise Financial Inc. now owns 680,279 shares of the company’s stock worth $13,748,000 after purchasing an additional 290,729 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in TreeHouse Foods by 11.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 604,084 shares of the company’s stock valued at $12,209,000 after buying an additional 62,658 shares during the last quarter. Bank of America Corp DE boosted its position in TreeHouse Foods by 2.3% in the second quarter. Bank of America Corp DE now owns 524,049 shares of the company’s stock valued at $10,177,000 after buying an additional 11,709 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in TreeHouse Foods by 20.5% in the 3rd quarter. Invesco Ltd. now owns 436,829 shares of the company’s stock worth $8,828,000 after buying an additional 74,448 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on THS shares. Barclays lifted their target price on shares of TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Truist Financial upped their price objective on TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research report on Thursday, November 13th. Stifel Nicolaus increased their price target on TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. William Blair downgraded shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Zacks Research raised TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $24.67.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.