TreeHouse Foods Inc. (NYSE:THS) was the recipient of some unusual options trading on Thursday. Investors purchased 21,688 put options on the stock. This represents an increase of 9,758% compared to the typical volume of 220 put options.

In related news, VP Thomas Emmet Oneill III sold 3,987 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $48.00, for a total value of $191,376.00. Following the completion of the sale, the vice president now directly owns 131,720 shares in the company, valued at approximately $6,322,560. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in shares of TreeHouse Foods during the 3rd quarter valued at $123,000. Point72 Hong Kong Ltd boosted its stake in shares of TreeHouse Foods by 2,073.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,869 shares of the company’s stock valued at $151,000 after buying an additional 2,737 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of TreeHouse Foods by 62.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock valued at $204,000 after buying an additional 1,506 shares during the period. Brown Advisory Inc. acquired a new stake in shares of TreeHouse Foods during the 2nd quarter valued at $216,000. Finally, Paloma Partners Management Co acquired a new stake in shares of TreeHouse Foods during the 3rd quarter valued at $206,000.

THS has been the topic of several research analyst reports. ValuEngine cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Jefferies Financial Group set a $60.00 target price on shares of TreeHouse Foods and gave the stock a “buy” rating in a report on Monday, December 10th. Wells Fargo & Co cut their target price on shares of TreeHouse Foods from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. Citigroup reissued a “buy” rating and issued a $60.00 target price on shares of TreeHouse Foods in a report on Wednesday, December 12th. Finally, UBS Group set a $47.00 target price on shares of TreeHouse Foods and gave the stock a “hold” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $50.58.

TreeHouse Foods stock opened at $56.37 on Friday. The company has a current ratio of 1.90, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 5.37 and a beta of 0.45. TreeHouse Foods has a 1 year low of $36.35 and a 1 year high of $57.15.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. TreeHouse Foods had a negative net margin of 5.93% and a positive return on equity of 5.61%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business posted $0.67 EPS. The company’s revenue was down 10.0% on a year-over-year basis. Sell-side analysts predict that TreeHouse Foods will post 2.13 earnings per share for the current year.

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TreeHouse Foods Company Profile

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.

Further Reading: Diversification

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