Media stories about Treehouse Foods (NYSE:THS) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Treehouse Foods earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.230734387596 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Is Treehouse Foods Inc (NYSE:THS) Undervalued? (finance.yahoo.com)
- Performance Evaluation – Treehouse Foods, Inc. (NYSE: THS) – The Investor Guide (wallstreetnews24.com)
- Treehouse Foods, Inc. (NYSE:THS) – An Eye on Stock’s Liquidity – Nasdaq Journal (press release) (nasdaqjournal.com)
- Beta Factor under Consideration – Treehouse Foods, Inc., (NYSE … – Stock Watch (stocksnewstimes.com)
- Zacks: Brokerages Expect Treehouse Foods, Inc. (THS) Will Post Quarterly Sales of $1.68 Billion (americanbankingnews.com)
Treehouse Foods (NYSE THS) traded down $0.08 during mid-day trading on Monday, reaching $48.53. Treehouse Foods has a 52-week low of $40.26 and a 52-week high of $90.42. The company has a market capitalization of $2,780.00, a P/E ratio of -10.76, a P/E/G ratio of 2.70 and a beta of 0.49. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.16 and a quick ratio of 0.81.
Treehouse Foods declared that its board has initiated a share buyback program on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.
A number of analysts have recently weighed in on the stock. Susquehanna Bancshares reiterated a “hold” rating and set a $75.00 target price on shares of Treehouse Foods in a report on Monday, October 9th. UBS Group assumed coverage on shares of Treehouse Foods in a report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 target price for the company. Wells Fargo & Co dropped their target price on shares of Treehouse Foods from $43.00 to $41.00 and set a “market perform” rating for the company in a report on Tuesday, November 14th. Bank of America dropped their target price on shares of Treehouse Foods from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, November 14th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $85.00 target price on shares of Treehouse Foods in a report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $59.51.
In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $46.36, for a total transaction of $532,212.80. Following the completion of the transaction, the chief executive officer now owns 81,147 shares of the company’s stock, valued at $3,761,974.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas Emmet Oneill III sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total transaction of $90,640.00. Following the transaction, the vice president now directly owns 135,019 shares of the company’s stock, valued at approximately $6,119,061.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,440 shares of company stock valued at $1,889,212. 3.50% of the stock is owned by insiders.
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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