TreeHouse Foods, Inc. (NYSE:THS) EVP Kristy N. Waterman Sells 3,000 Shares of Stock

TreeHouse Foods, Inc. (NYSE:THS) EVP Kristy N. Waterman sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the transaction, the executive vice president now directly owns 20,784 shares of the company’s stock, valued at $879,994.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TreeHouse Foods Trading Down 1.3 %

Shares of NYSE:THS opened at $40.85 on Wednesday. The company has a market cap of $2.15 billion, a P/E ratio of 88.80 and a beta of 0.24. The stock’s 50-day moving average is $38.20 and its 200-day moving average is $37.25. TreeHouse Foods, Inc. has a 52-week low of $33.28 and a 52-week high of $48.49. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.44.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.16. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The company had revenue of $788.50 million for the quarter, compared to the consensus estimate of $784.10 million. During the same period last year, the business posted $0.42 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts predict that TreeHouse Foods, Inc. will post 2.31 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning bought a new position in TreeHouse Foods during the second quarter valued at about $353,000. Mackenzie Financial Corp lifted its holdings in TreeHouse Foods by 16.4% during the 2nd quarter. Mackenzie Financial Corp now owns 11,469 shares of the company’s stock worth $420,000 after buying an additional 1,620 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in TreeHouse Foods during the 2nd quarter worth $234,000. AQR Capital Management LLC acquired a new position in TreeHouse Foods during the 2nd quarter worth $228,000. Finally, Armistice Capital LLC lifted its holdings in TreeHouse Foods by 12.2% during the 2nd quarter. Armistice Capital LLC now owns 783,000 shares of the company’s stock worth $28,689,000 after buying an additional 85,000 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on THS. Barclays upped their target price on TreeHouse Foods from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. Mizuho increased their price target on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. TD Cowen cut their price objective on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Finally, Stifel Nicolaus upped their price objective on TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.00.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.