Treehouse Foods, Inc. (THS) CEO Sam K. Reed Sells 11,480 Shares
Treehouse Foods, Inc. (NYSE:THS) CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $67.58, for a total transaction of $775,818.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Treehouse Foods, Inc. (NYSE:THS) traded up 0.71% on Tuesday, reaching $68.44. 577,242 shares of the company were exchanged. The firm’s market capitalization is $3.91 billion. The company’s 50 day moving average is $67.41 and its 200 day moving average is $77.61. Treehouse Foods, Inc. has a 12-month low of $62.64 and a 12-month high of $90.42.
Treehouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Analysts forecast that Treehouse Foods, Inc. will post $3.18 earnings per share for the current year.
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A number of equities research analysts have recently issued reports on THS shares. Zacks Investment Research raised shares of Treehouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. BMO Capital Markets reaffirmed a “buy” rating and issued a $90.00 target price on shares of Treehouse Foods in a report on Tuesday, June 13th. BidaskClub cut shares of Treehouse Foods from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $75.00 target price on shares of Treehouse Foods in a report on Monday. Finally, Barclays PLC dropped their target price on shares of Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $81.52.
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Treehouse Foods by 0.4% in the second quarter. BlackRock Inc. now owns 4,668,862 shares of the company’s stock worth $381,400,000 after purchasing an additional 16,592 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Treehouse Foods by 13.5% in the second quarter. Wells Fargo & Company MN now owns 4,576,600 shares of the company’s stock worth $373,861,000 after purchasing an additional 543,475 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Treehouse Foods by 1.2% in the second quarter. Vanguard Group Inc. now owns 4,574,766 shares of the company’s stock worth $373,713,000 after purchasing an additional 56,356 shares in the last quarter. FMR LLC increased its stake in shares of Treehouse Foods by 2.3% in the second quarter. FMR LLC now owns 3,866,371 shares of the company’s stock worth $315,843,000 after purchasing an additional 87,098 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Treehouse Foods by 4.6% in the second quarter. JPMorgan Chase & Co. now owns 3,691,824 shares of the company’s stock worth $301,585,000 after purchasing an additional 161,421 shares in 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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