Investors Purchase High Volume of TreeHouse Foods Put Options (THS)

TreeHouse Foods Inc. (NYSE:THS) was the target of unusually large options trading on Monday. Stock investors purchased 1,666 put options on the company. This represents an increase of approximately 1,443% compared to the average daily volume of 108 put options.

Shares of TreeHouse Foods (NYSE THS) traded up $1.62 during trading on Wednesday, hitting $43.01. The stock had a trading volume of 1,693,258 shares, compared to its average volume of 830,118. The stock has a market capitalization of $2,373.29, a price-to-earnings ratio of -9.41, a price-to-earnings-growth ratio of 2.31 and a beta of 0.42. 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 has a 52-week low of $40.26 and a 52-week high of $90.42.

TreeHouse Foods declared that its Board of Directors has authorized a share buyback plan on Thursday, November 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

A number of equities research analysts have issued reports on the company. Susquehanna Bancshares set a $44.00 price target on TreeHouse Foods and gave the stock a “hold” rating in a research note on Monday. Credit Suisse Group reiterated a “hold” rating and issued a $48.00 price target on shares of TreeHouse Foods in a research note on Friday, February 9th. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lowered TreeHouse Foods from a “neutral” rating to an “underweight” rating and set a $38.00 price target for the company. in a research note on Friday, November 3rd. Finally, Jefferies Group cut their price target on TreeHouse Foods from $90.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, November 6th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $55.83.

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

Several institutional investors have recently modified their holdings of the company. Teachers Advisors LLC grew its position in shares of TreeHouse Foods by 3.0% during the fourth quarter. Teachers Advisors LLC now owns 66,788 shares of the company’s stock valued at $3,303,000 after purchasing an additional 1,934 shares in the last quarter. Southpoint Capital Advisors LP purchased a new position in shares of TreeHouse Foods during the fourth quarter valued at about $54,406,000. Two Sigma Investments LP purchased a new position in shares of TreeHouse Foods during the fourth quarter valued at about $1,923,000. Cramer Rosenthal Mcglynn LLC grew its position 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 valued at $64,857,000 after purchasing an additional 416,001 shares in the last quarter. Finally, Sapience Investments LLC grew its position in shares of TreeHouse Foods by 95.6% during the fourth quarter. Sapience Investments LLC now owns 518,893 shares of the company’s stock valued at $25,664,000 after purchasing an additional 253,653 shares in the last quarter.

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About TreeHouse Foods

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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