Insider Selling: Treehouse Foods, Inc. (THS) CEO Sells 11,480 Shares of Stock
Treehouse Foods, Inc. (NYSE:THS) CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $66.32, for a total value of $761,353.60. Following the completion of the sale, the chief executive officer now directly owns 70,647 shares of the company’s stock, valued at $4,685,309.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Treehouse Foods, Inc. (NYSE:THS) traded down 0.36% during mid-day trading on Friday, hitting $65.74. The company had a trading volume of 703,750 shares. The company’s market cap is $3.76 billion. The firm has a 50-day moving average of $74.17 and a 200-day moving average of $80.51. Treehouse Foods, Inc. has a 12 month low of $62.64 and a 12 month high of $92.37.
Treehouse Foods (NYSE:THS) last released its earnings results on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. On average, analysts expect that Treehouse Foods, Inc. will post $3.19 EPS for the current year.
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A number of analysts have issued reports on THS shares. BidaskClub downgraded Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. J P Morgan Chase & Co downgraded Treehouse Foods from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $90.00 to $76.00 in a research note on Friday, August 4th. Vertical Research downgraded Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. BMO Capital Markets cut their target price on Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. Finally, Barclays PLC cut their target price on Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.29.
A number of institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC increased its stake in Treehouse Foods by 0.5% in the second quarter. Sterling Capital Management LLC now owns 3,047 shares of the company’s stock valued at $249,000 after purchasing an additional 14 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Treehouse Foods by 0.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,927 shares of the company’s stock valued at $586,000 after purchasing an additional 28 shares during the last quarter. Comerica Securities Inc. increased its stake in Treehouse Foods by 1.2% in the second quarter. Comerica Securities Inc. now owns 3,757 shares of the company’s stock valued at $307,000 after purchasing an additional 45 shares during the last quarter. Diversified Trust Co increased its stake in Treehouse Foods by 0.6% in the second quarter. Diversified Trust Co now owns 8,055 shares of the company’s stock valued at $658,000 after purchasing an additional 50 shares during the last quarter. Finally, World Asset Management Inc increased its stake in Treehouse Foods by 2.3% in the second quarter. World Asset Management Inc now owns 3,730 shares of the company’s stock valued at $305,000 after purchasing an additional 85 shares during the last quarter.
Treehouse Foods Company Profile
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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