TreeHouse Foods Inc.’s filing revealed that its Director JANA PARTNERS LLC acquired Company’s shares for reported $1.91 million on Aug 08. In the deal valued at $46.11 per share,41,500 shares were bought. As a result of this transaction, JANA PARTNERS LLC now holds 4,795,414 shares worth roughly $ 217.23 million.
Then, Hunter Mark sold 7,828 shares, generating $410,265 in total proceeds. Upon selling the shares at $52.41, the Director now owns 4,567 shares.
Before that, SARDINI ANN sold 5,083 shares. TreeHouse Foods Inc. shares valued at $253,591 were divested by the Director at a price of $49.89 per share. As a result of the transaction, SARDINI ANN now holds 1,800 shares, worth roughly $81540.0.
PT values the company’s stock at a premium of 14.53 to its Friday closing price.
Price Performance Review of THS
On Friday, TreeHouse Foods Inc. [NYSE:THS] saw its stock fall -2.62% to $45.30. On the same session, the stock had its day’s lowest price of $45.22, but rose to a high of $47.07. Over the last five days, the stock has gained 0.13%. TreeHouse Foods Inc. shares have fallen nearly -8.26% since the year began. Nevertheless, the stocks have fallen -2.79% over the past one year. While a 52-week high of $55.30 was reached on 05/08/23, a 52-week low of $40.56 was recorded on 02/13/23. SMA at 50 days reached $49.14, while 200 days put it at $49.27. A total of 0.33 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For THS Stock
The 24-hour chart illustrates a support level at 44.66, which if violated will result in even more drops to 44.01. On the upside, there is a resistance level at 46.51. A further resistance level may holdings at 47.71. The Relative Strength Index (RSI) on the 14-day chart is 39.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.50%. Stochastics %K at 56.90% indicates the stock is a holding.
How much short interest is there in TreeHouse Foods Inc.?
A steep rise in short interest was recorded in TreeHouse Foods Inc. stocks on Aug 14, 2023, growing by 0.21 million shares to a total of 1.2 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.99 million shares. There was a rise of 17.91%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.02% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.52.
TreeHouse Foods Inc. [THS] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,527,003 shares, or roughly 13.37% of the outstanding THS shares. In other words, the investor’s shares have fallen by -100,654 from its previous 13-F filing of 7627657.0. Additionally, T. Rowe Price Investment Manageme decreased -0.84% of its stake after which the total value it holdings stand at $341,790,218, while The Vanguard Group, Inc. reduced -1.27% of its stake to hold $322.91 million in the firm. Over the last quarter, JANA Partners LLC purchased 41,500 shares of TreeHouse Foods Inc., while Dimensional Fund Advisors LP bought 38,447 shares. At present, SSgA Funds Management, Inc. is holding 1,916,443 shares valued at $98.91 million. Neuberger Berman Investment Advis owned 1,477,361 shares of the company at the time of its most recent 13F filing, worth $76.25 million.
According to FactSet, TreeHouse Foods Inc.’s share price will average $54.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.23 percent from its previous closing price of $46.52. Analysts expect TreeHouse Foods Inc. stock to reach the higher price of $59.00, while the lowest price estimate is $52.00. However, 6 analysts have rated THS stock as an Overweight in their predictions for 2023.