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

TreeHouse Foods, Inc. (NYSE:THS) major shareholder Silver Point Capital L.P. bought 357,917 shares of the stock in a transaction on Tuesday, February 10th. The shares were bought at an average cost of $24.54 per share, with a total value of $8,783,283.18. Following the purchase, the insider owned 5,408,000 shares of the company’s stock, valued at $132,712,320. This trade represents a 7.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

TreeHouse Foods Price Performance

NYSE THS remained flat at $24.43 on Thursday. The company has a quick ratio of 0.40, a current ratio of 1.29 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average price of $24.05 and a 200-day moving average price of $21.23. TreeHouse Foods, Inc. has a one year low of $15.85 and a one year high of $40.77. The firm has a market capitalization of $1.23 billion, a PE ratio of -5.09 and a beta of 0.18.

TreeHouse Foods (NYSE:THS) last issued 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). TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. The firm had revenue of $841.90 million during the quarter, compared to analyst estimates of $853.53 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities 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

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of TreeHouse Foods by 60.7% during the 1st quarter. Royal Bank of Canada now owns 43,855 shares of the company’s stock worth $1,188,000 after acquiring an additional 16,557 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of TreeHouse Foods during the 1st quarter worth about $299,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in TreeHouse Foods by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,676 shares of the company’s stock worth $750,000 after purchasing an additional 838 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in TreeHouse Foods by 1.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 118,895 shares of the company’s stock valued at $3,221,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in TreeHouse Foods by 104.6% in the first quarter. Intech Investment Management LLC now owns 48,058 shares of the company’s stock valued at $1,302,000 after purchasing an additional 24,564 shares during the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on THS. Stifel Nicolaus lifted their price objective on shares of TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a research note on Monday, December 29th. Truist Financial increased their price objective on TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research note on Thursday, November 13th. William Blair lowered TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Barclays upped their price target on TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TreeHouse Foods presently has an average rating of “Reduce” and an average price target 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.