TreeHouse Foods Inc. (NYSE:THS) shares saw strong trading volume on Monday . 1,026,823 shares were traded during mid-day trading, an increase of 88% from the previous session’s volume of 545,809 shares.The stock last traded at $49.77 and had previously closed at $48.89.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Thursday, September 12th. William Blair upgraded shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating in a research report on Monday. ValuEngine raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Barclays restated a “hold” rating on shares of TreeHouse Foods in a research report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $63.95.
The firm has a market cap of $2.75 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.08 and a beta of 0.70. The firm’s 50 day moving average is $51.70 and its two-hundred day moving average is $53.92. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 1.29.
TreeHouse Foods (NYSE:THS) last issued its earnings results on Thursday, November 7th. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. TreeHouse Foods had a negative net margin of 7.65% and a positive return on equity of 5.80%. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. Analysts predict that TreeHouse Foods Inc. will post 2.38 EPS for the current fiscal year.
In other news, SVP Lori G. Roberts sold 3,134 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.28, for a total transaction of $170,113.52. Following the sale, the senior vice president now owns 3,038 shares of the company’s stock, valued at $164,902.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Thomas Emmet Oneill III sold 6,400 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $49.11, for a total value of $314,304.00. Following the sale, the chief accounting officer now directly owns 109,076 shares in the company, valued at approximately $5,356,722.36. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC raised its holdings in TreeHouse Foods by 25.7% during the 3rd quarter. Millennium Management LLC now owns 333,766 shares of the company’s stock worth $18,507,000 after buying an additional 68,282 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of TreeHouse Foods by 5.3% during the third quarter. Parametric Portfolio Associates LLC now owns 360,165 shares of the company’s stock worth $19,971,000 after acquiring an additional 18,160 shares in the last quarter. California State Teachers Retirement System increased its position in shares of TreeHouse Foods by 0.4% during the third quarter. California State Teachers Retirement System now owns 88,613 shares of the company’s stock worth $4,914,000 after acquiring an additional 374 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of TreeHouse Foods by 40.6% during the third quarter. Ancora Advisors LLC now owns 103,290 shares of the company’s stock worth $5,727,000 after acquiring an additional 29,840 shares during the period. Finally, Psagot Investment House Ltd. acquired a new stake in shares of TreeHouse Foods during the third quarter worth $94,000.
TreeHouse Foods Company Profile (NYSE:THS)
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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