Key Points
- Jana Partners sold 1,959,221 shares of TreeHouse on Feb. 10 at an average of $24.48 for proceeds of about $47.96 million, cutting its stake by 33.66% to 3,862,116 shares (valued ≈ $94.5M).
- TreeHouse shares trade around $24.40 with a $1.23B market cap; the company missed quarterly EPS ($0.43 vs. $0.53 est.) and shows a negative net margin, while analysts predominantly rate the stock as "Hold/Reduce" with an average target near $24.67.
TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) Director Jana Partners Management, Lp sold 1,959,221 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 3,862,116 shares of the company's stock, valued at $94,544,599.68. This represents a 33.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
TreeHouse Foods Trading Down 0.2%
Shares of TreeHouse Foods stock opened at $24.40 on Wednesday. TreeHouse Foods, Inc. has a 1 year low of $15.85 and a 1 year high of $40.77. The company's fifty day simple moving average is $24.02 and its 200-day simple moving average is $21.18. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -5.08 and a beta of 0.18. The company has a current ratio of 1.29, a quick ratio of 0.40 and a debt-to-equity ratio of 1.18.
TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.10). The company had revenue of $841.90 million during the quarter, compared to the consensus estimate of $853.53 million. TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. TreeHouse Foods's revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned ($0.07) earnings per share. As a group, sell-side analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. William Blair cut shares of TreeHouse Foods from an "outperform" rating to a "hold" rating in a research note on Tuesday, November 11th. Stifel Nicolaus raised their price objective on TreeHouse Foods from $19.00 to $22.50 and gave the stock a "hold" rating in a research report on Tuesday, November 11th. Truist Financial lifted their price objective on TreeHouse Foods from $20.00 to $22.50 and gave the stock a "hold" rating in a report on Thursday, November 13th. Barclays upped their target price on TreeHouse Foods from $21.00 to $23.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 11th. Finally, Zacks Research raised TreeHouse Foods from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 1st. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, TreeHouse Foods currently has an average rating of "Reduce" and an average target price of $24.67.
Check Out Our Latest Stock Analysis on THS
Hedge Funds Weigh In On TreeHouse Foods
Several hedge funds and other institutional investors have recently modified their holdings of THS. MMCAP International Inc. SPC acquired a new stake in TreeHouse Foods in the 4th quarter valued at $2,210,000. Hantz Financial Services Inc. lifted its holdings in shares of TreeHouse Foods by 47.4% during the fourth quarter. Hantz Financial Services Inc. now owns 2,152 shares of the company's stock valued at $51,000 after acquiring an additional 692 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of TreeHouse Foods by 33.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,831 shares of the company's stock valued at $43,000 after purchasing an additional 462 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of TreeHouse Foods in the 4th quarter valued at $110,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of TreeHouse Foods by 97.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,897 shares of the company's stock worth $45,000 after purchasing an additional 938 shares during the last quarter. Institutional investors own 99.81% of the company's stock.
About TreeHouse Foods
(
Get Free Report)
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.
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