TreeHouse Foods Target of Unusually High Options Trading (THS)

TreeHouse Foods Inc. (NYSE:THS) saw some unusual options trading activity on Monday. Stock investors purchased 1,666 put options on the stock. This is an increase of 1,443% compared to the typical daily volume of 108 put options.

In other TreeHouse Foods news, VP Thomas Emmet Oneill III sold 2,000 shares of TreeHouse Foods stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total value of $90,640.00. Following the transaction, the vice president now directly owns 135,019 shares of the company’s stock, valued at $6,119,061.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sam K. Reed sold 11,480 shares of TreeHouse Foods stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $46.36, for a total transaction of $532,212.80. Following the completion of the transaction, the chief executive officer now directly owns 81,147 shares in the company, valued at $3,761,974.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,440 shares of company stock worth $1,680,850. 3.50% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of THS. Victory Capital Management Inc. lifted its stake in shares of TreeHouse Foods by 616.9% during the third quarter. Victory Capital Management Inc. now owns 3,273,871 shares of the company’s stock worth $221,740,000 after buying an additional 2,817,230 shares during the period. Levin Capital Strategies L.P. lifted its stake in shares of TreeHouse Foods by 69.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 3,592,216 shares of the company’s stock worth $177,671,000 after buying an additional 1,466,030 shares during the period. Wells Fargo & Company MN lifted its stake in shares of TreeHouse Foods by 12.2% during the third quarter. Wells Fargo & Company MN now owns 5,133,963 shares of the company’s stock worth $347,723,000 after buying an additional 557,363 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TreeHouse Foods during the fourth quarter worth $22,442,000. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in shares of TreeHouse Foods by 46.5% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,311,311 shares of the company’s stock worth $64,857,000 after buying an additional 416,001 shares during the period.

Several equities analysts have issued reports on the stock. Susquehanna Bancshares set a $44.00 price target on shares of TreeHouse Foods and gave the stock a “hold” rating in a report on Monday. Credit Suisse Group reaffirmed a “hold” rating and issued a $48.00 price target on shares of TreeHouse Foods in a report on Friday, February 9th. Zacks Investment Research lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wells Fargo & Co set a $46.00 price target on shares of TreeHouse Foods and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, JPMorgan Chase & Co. set a $39.00 price target on shares of TreeHouse Foods and gave the stock a “sell” rating in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. TreeHouse Foods has an average rating of “Hold” and an average price target of $55.83.

TreeHouse Foods (NYSE:THS) traded up $1.62 during trading hours on Wednesday, hitting $43.01. 1,693,258 shares of the stock traded hands, compared to its average volume of 830,118. TreeHouse Foods has a 1-year low of $40.26 and a 1-year high of $90.42. The company has a quick ratio of 0.81, a current ratio of 2.16 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $2,373.29, a P/E ratio of -9.41, a P/E/G ratio of 2.31 and a beta of 0.42.

TreeHouse Foods announced that its board has approved a stock buyback program on Thursday, November 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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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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