TreeHouse Foods (NYSE:THS) Major Shareholder Purchases $8,783,283.18 in Stock

TreeHouse Foods, Inc. (NYSE:THS) major shareholder Silver Point Capital L.P. acquired 357,917 shares of TreeHouse Foods stock in a transaction on Tuesday, February 10th. The shares were bought at an average cost of $24.54 per share, with a total value of $8,783,283.18. Following the completion of the purchase, the insider owned 5,408,000 shares in the company, valued at $132,712,320. The trade was a 7.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

TreeHouse Foods Stock Performance

Shares of THS stock remained flat at $24.43 during midday trading on Thursday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -5.09 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. The stock’s fifty day moving average price is $24.05 and its 200 day moving average price is $21.23. TreeHouse Foods, Inc. has a 12 month low of $15.85 and a 12 month high of $40.77.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.10). TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.The company had revenue of $841.90 million for the quarter, compared to analyst estimates of $853.53 million. During the same period in the prior year, the business earned ($0.07) earnings per share. TreeHouse Foods’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on THS. Barclays lifted their target price on shares of TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Stifel Nicolaus lifted their price objective on TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday, December 29th. William Blair cut TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Zacks Research upgraded TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, TreeHouse Foods has a consensus rating of “Reduce” and an average price target of $24.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of TreeHouse Foods by 60.7% during the 1st quarter. Royal Bank of Canada now owns 43,855 shares of the company’s stock valued at $1,188,000 after acquiring an additional 16,557 shares during the period. AQR Capital Management LLC purchased a new position in TreeHouse Foods in the 1st quarter valued at approximately $299,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TreeHouse Foods by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,676 shares of the company’s stock worth $750,000 after purchasing an additional 838 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in TreeHouse Foods by 1.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 118,895 shares of the company’s stock worth $3,221,000 after purchasing an additional 1,599 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in TreeHouse Foods by 104.6% during the first quarter. Intech Investment Management LLC now owns 48,058 shares of the company’s stock worth $1,302,000 after purchasing an additional 24,564 shares in the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.

About TreeHouse Foods

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.