Insider Buying: TreeHouse Foods (NYSE:THS) Major Shareholder Buys $8,783,283.18 in Stock

TreeHouse Foods, Inc. (NYSE:THS) major shareholder Silver Point Capital L.P. purchased 357,917 shares of TreeHouse Foods stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average cost of $24.54 per share, for a total transaction of $8,783,283.18. Following the transaction, the insider directly owned 5,408,000 shares of the company’s stock, valued at approximately $132,712,320. This represents a 7.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $24.43 on Friday. TreeHouse Foods, Inc. has a fifty-two week low of $15.85 and a fifty-two week high of $40.77. The company has a 50 day moving average price of $24.07 and a 200 day moving average price of $21.25. The stock has a market capitalization of $1.23 billion, a P/E ratio of -5.09 and a beta of 0.18. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29.

Institutional Investors Weigh In On TreeHouse Foods

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of TreeHouse Foods by 320.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock worth $26,000 after purchasing an additional 1,033 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of TreeHouse Foods in the 4th quarter valued at about $27,000. Hantz Financial Services Inc. grew its stake in TreeHouse Foods by 430.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,460 shares of the company’s stock worth $30,000 after buying an additional 1,185 shares during the last quarter. PNC Financial Services Group Inc. increased its position in TreeHouse Foods by 97.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,897 shares of the company’s stock worth $45,000 after buying an additional 938 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in TreeHouse Foods during the third quarter worth approximately $46,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays lifted their price target on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday, December 29th. Truist Financial boosted their target price on shares of TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a research note on Thursday, November 13th. William Blair cut TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Stifel Nicolaus lifted their price target on TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, TreeHouse Foods has a consensus rating of “Reduce” and an average target price of $24.67.

About TreeHouse Foods

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.