Insider Selling: TreeHouse Foods Inc. (NYSE:THS) SVP Sells $146,310.94 in Stock

TreeHouse Foods Inc. (NYSE:THS) SVP Maurice Alkemade sold 2,789 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $52.46, for a total transaction of $146,310.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE THS traded up $5,631,999,946.25 during mid-day trading on Friday, hitting $5,632,000,000.00. 614,595 shares of the company were exchanged, compared to its average volume of 609,390. TreeHouse Foods Inc. has a 1-year low of $41.18 and a 1-year high of $67.88. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.62 and a current ratio of 1.64. The business’s 50 day moving average is $55.33. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 2,560,000,000.00, a price-to-earnings-growth ratio of 2.30 and a beta of 0.76.

TreeHouse Foods (NYSE:THS) last released its earnings results on Thursday, May 2nd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 0.97%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company earned $0.18 earnings per share. TreeHouse Foods’s quarterly revenue was down 12.2% compared to the same quarter last year. On average, equities analysts anticipate that TreeHouse Foods Inc. will post 2.33 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in THS. Hudson Executive Capital LP acquired a new stake in TreeHouse Foods in the fourth quarter valued at $125,237,000. Norges Bank acquired a new stake in TreeHouse Foods in the fourth quarter valued at $46,657,000. Thrivent Financial for Lutherans lifted its holdings in TreeHouse Foods by 6,304.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 870,168 shares of the company’s stock valued at $44,127,000 after acquiring an additional 856,582 shares during the period. Wells Fargo & Company MN lifted its holdings in TreeHouse Foods by 591.6% in the first quarter. Wells Fargo & Company MN now owns 704,753 shares of the company’s stock valued at $45,492,000 after acquiring an additional 848,113 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in shares of TreeHouse Foods in the first quarter valued at $11,763,000.

A number of research analysts have commented on THS shares. SunTrust Banks raised shares of TreeHouse Foods from a “hold” rating to a “buy” rating and upped their target price for the company from $55.00 to $70.00 in a research report on Monday, March 25th. They noted that the move was a valuation call. Jefferies Financial Group reissued a “buy” rating and issued a $72.00 price objective on shares of TreeHouse Foods in a report on Wednesday, March 27th. Wells Fargo & Co raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $60.00 to $80.00 in a report on Monday, April 29th. Finally, ValuEngine downgraded TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.85.

About TreeHouse Foods

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.

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