TreeHouse Foods (NYSE:THS) Director Sells $47,961,730.08 in Stock

TreeHouse Foods, Inc. (NYSE:THS) Director Jana Partners Management, Lp sold 1,959,221 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $24.48, for a total value of $47,961,730.08. Following the sale, the director owned 3,862,116 shares of the company’s stock, valued at approximately $94,544,599.68. This trade represents a 33.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

TreeHouse Foods Stock Performance

Shares of NYSE:THS opened at $24.43 on Friday. The stock’s 50-day simple moving average is $24.05 and its two-hundred day simple moving average is $21.23. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -5.09 and a beta of 0.18. TreeHouse Foods, Inc. has a 52-week low of $15.85 and a 52-week 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.

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 the consensus estimate of $0.53 by ($0.10). The business had revenue of $841.90 million during the quarter, compared to the consensus estimate of $853.53 million. TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.TreeHouse Foods’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) EPS. Analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in TreeHouse Foods by 33.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,831 shares of the company’s stock worth $43,000 after purchasing an additional 462 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of TreeHouse Foods by 0.7% in the third quarter. Public Employees Retirement System of Ohio now owns 88,185 shares of the company’s stock worth $1,782,000 after buying an additional 593 shares in the last quarter. GAMMA Investing LLC boosted its stake in TreeHouse Foods by 8.8% during the fourth quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock valued at $199,000 after buying an additional 684 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in TreeHouse Foods by 47.4% during the 4th quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company’s stock valued at $51,000 after buying an additional 692 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in TreeHouse Foods by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,676 shares of the company’s stock valued at $750,000 after buying an additional 838 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on THS shares. Truist Financial boosted their price target on TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a report on Thursday, November 13th. Stifel Nicolaus raised their target price on shares of TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. William Blair downgraded shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of TreeHouse Foods in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Eight investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TreeHouse Foods currently has a consensus rating of “Reduce” and an average price target of $24.67.

TreeHouse Foods Company Profile

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.