TreeHouse Foods Target of Unusually Large Options Trading (THS)

TreeHouse Foods Inc. (NYSE:THS) was the target of some unusual options trading on Thursday. Investors bought 21,688 put options on the stock. This represents an increase of 9,758% compared to the average volume of 220 put options.

In related news, VP Thomas Emmet Oneill III sold 3,987 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $48.00, for a total transaction of $191,376.00. Following the sale, the vice president now directly owns 131,720 shares in the company, valued at approximately $6,322,560. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc grew its stake in TreeHouse Foods by 0.7% during the 3rd quarter. Legal & General Group Plc now owns 82,376 shares of the company’s stock valued at $3,942,000 after purchasing an additional 593 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of TreeHouse Foods by 20.6% in the 3rd quarter. Hsbc Holdings PLC now owns 6,278 shares of the company’s stock worth $301,000 after acquiring an additional 1,074 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of TreeHouse Foods by 34.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,670 shares of the company’s stock worth $271,000 after acquiring an additional 1,450 shares in the last quarter. Riverhead Capital Management LLC grew its position in shares of TreeHouse Foods by 21.2% in the 3rd quarter. Riverhead Capital Management LLC now owns 8,587 shares of the company’s stock worth $411,000 after acquiring an additional 1,500 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of TreeHouse Foods by 62.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock worth $204,000 after acquiring an additional 1,506 shares in the last quarter.

Shares of NYSE THS opened at $57.16 on Friday. TreeHouse Foods has a fifty-two week low of $36.35 and a fifty-two week high of $57.49. The company has a quick ratio of 0.59, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 5.37 and a beta of 0.45.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 5.93%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm earned $0.67 EPS. TreeHouse Foods’s quarterly revenue was down 10.0% on a year-over-year basis. Equities analysts expect that TreeHouse Foods will post 2.13 earnings per share for the current fiscal year.

Several equities research analysts recently commented on THS shares. ValuEngine upgraded TreeHouse Foods from a “hold” rating to a “buy” rating in a report on Wednesday, December 12th. Citigroup reiterated a “buy” rating and set a $60.00 target price on shares of TreeHouse Foods in a report on Wednesday, December 12th. Jefferies Financial Group set a $60.00 target price on TreeHouse Foods and gave the company a “buy” rating in a report on Monday, December 10th. UBS Group set a $47.00 target price on TreeHouse Foods and gave the company a “hold” rating in a report on Friday, November 2nd. Finally, SunTrust Banks raised their price objective on TreeHouse Foods to $50.00 and gave the company a “hold” rating in a research note on Wednesday, December 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $50.58.

TRADEMARK VIOLATION NOTICE: “TreeHouse Foods Target of Unusually Large Options Trading (THS)” was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2019/01/12/treehouse-foods-target-of-unusually-large-options-trading-ths.html.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

Featured Article: Bond

Receive News & Ratings for TreeHouse Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TreeHouse Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply