Steven Oakland Acquires 4,660 Shares of TreeHouse Foods, Inc. (NYSE:THS) Stock

TreeHouse Foods, Inc. (NYSE:THS) CEO Steven Oakland purchased 4,660 shares of TreeHouse Foods stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the acquisition, the chief executive officer now owns 369,521 shares of the company’s stock, valued at approximately $7,929,920.66. The trade was a 1.28 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TreeHouse Foods Stock Performance

NYSE:THS opened at $22.61 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a twelve month low of $20.63 and a twelve month high of $43.84. The company has a fifty day moving average of $25.02 and a 200-day moving average of $31.03. The firm has a market capitalization of $1.14 billion, a P/E ratio of 41.87 and a beta of 0.30.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The company had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $789.66 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The business’s revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on THS. Barclays cut their target price on shares of TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. Truist Financial reduced their price objective on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. TD Cowen decreased their price target on TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Finally, Jefferies Financial Group cut their price objective on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.83.

Institutional Investors Weigh In On TreeHouse Foods

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC grew its position in TreeHouse Foods by 7.0% in the 3rd quarter. Barclays PLC now owns 337,657 shares of the company’s stock valued at $14,175,000 after purchasing an additional 21,951 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock worth $13,284,000 after acquiring an additional 206,411 shares during the last quarter. Legacy Wealth Asset Management LLC bought a new position in TreeHouse Foods in the 4th quarter valued at about $216,000. Wedge Capital Management L L P NC boosted its stake in TreeHouse Foods by 11.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 38,014 shares of the company’s stock valued at $1,335,000 after purchasing an additional 3,812 shares during the last quarter. Finally, Roberts Wealth Advisors LLC increased its holdings in TreeHouse Foods by 297.4% during the 4th quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company’s stock worth $2,858,000 after purchasing an additional 63,804 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.