Sam K. Reed Sells 11,480 Shares of Treehouse Foods, Inc. (THS) Stock

Treehouse Foods, Inc. (NYSE:THS) CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $46.36, for a total value of $532,212.80. Following the sale, the chief executive officer now directly owns 81,147 shares of the company’s stock, valued at approximately $3,761,974.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Treehouse Foods, Inc. (NYSE THS) traded up $0.60 during trading on Thursday, hitting $47.05. The stock had a trading volume of 853,138 shares, compared to its average volume of 789,942. Treehouse Foods, Inc. has a twelve month low of $40.26 and a twelve month high of $90.42. The firm has a market cap of $2,603.29, a price-to-earnings ratio of 15.53, a PEG ratio of 2.53 and a beta of 0.49. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01.

Treehouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). Treehouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company earned $0.70 EPS. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. research analysts expect that Treehouse Foods, Inc. will post 2.72 earnings per share for the current year.

Treehouse Foods declared that its Board of Directors has approved a stock buyback plan on Thursday, November 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of THS. Citigroup Inc. lifted its stake in Treehouse Foods by 120.6% during the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after acquiring an additional 703 shares in the last quarter. Creative Planning lifted its stake in Treehouse Foods by 28.8% during the 2nd quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after acquiring an additional 308 shares in the last quarter. Parallax Volatility Advisers L.P. lifted its stake in Treehouse Foods by 30.9% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock worth $153,000 after acquiring an additional 442 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Treehouse Foods by 11.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock worth $162,000 after acquiring an additional 199 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new position in Treehouse Foods during the 3rd quarter worth about $212,000.

Several research analysts recently weighed in on THS shares. BidaskClub cut Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Bank of America assumed coverage on Treehouse Foods in a research report on Tuesday, September 19th. They issued a “neutral” rating and a $68.00 price objective for the company. Jefferies Group restated a “buy” rating and issued a $100.00 price objective on shares of Treehouse Foods in a research report on Tuesday, September 26th. Susquehanna Bancshares restated a “hold” rating and issued a $75.00 price objective on shares of Treehouse Foods in a research report on Monday, October 9th. Finally, UBS assumed coverage on Treehouse Foods in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price objective for the company. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $59.51.

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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.

Insider Buying and Selling by Quarter for Treehouse Foods (NYSE:THS)

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