Stephen Alan Landry Sells 6,097 Shares of TreeHouse Foods (NYSE:THS) Stock

TreeHouse Foods, Inc. (NYSE:THS) SVP Stephen Alan Landry sold 6,097 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $23.79, for a total value of $145,047.63. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

TreeHouse Foods Price Performance

Shares of THS stock traded up $0.08 during trading hours on Wednesday, reaching $23.92. The company had a trading volume of 583,225 shares, compared to its average volume of 822,384. 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 quick ratio of 0.40 and a current ratio of 1.29. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -4.98 and a beta of 0.18. The stock has a fifty day moving average of $21.60 and a 200-day moving average of $20.27.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data 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 analyst estimates of $853.53 million. TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted ($0.07) EPS. On average, equities analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds have recently made changes to their positions in the stock. Pullen Investment Management LLC lifted its position in shares of TreeHouse Foods by 82.2% during the second quarter. Pullen Investment Management LLC now owns 92,355 shares of the company’s stock worth $1,794,000 after purchasing an additional 41,680 shares in the last quarter. Phocas Financial Corp. grew its holdings in shares of TreeHouse Foods by 152.1% in the second quarter. Phocas Financial Corp. now owns 287,083 shares of the company’s stock valued at $5,575,000 after purchasing an additional 173,211 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in TreeHouse Foods during the 2nd quarter worth approximately $263,000. Bryce Point Capital LLC acquired a new stake in TreeHouse Foods during the 2nd quarter worth approximately $676,000. Finally, S&T Bank PA lifted its holdings in TreeHouse Foods by 21.6% during the 2nd quarter. S&T Bank PA now owns 122,418 shares of the company’s stock worth $2,377,000 after buying an additional 21,779 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on THS. Barclays upped their price objective on shares of TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. William Blair lowered shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Zacks Research downgraded shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Truist Financial lifted their price target on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research report on Thursday, November 13th. Finally, Stifel Nicolaus upped their price objective on TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 11th. Seven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $24.67.

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.