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THS $33.63

THS target price
33.63
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TreeHouse Foods Inc.
Type
Public
Traded as NYSE: THS
S&P 400 Component
Industry grocery product manufacturer
Founded 2005
Headquarters Oak Brook, Illinois, United States
Products private label grocery products
Revenue $2.9 billion USD (2014)
Number of employees
7000 (approximate)
Website http://www.treehousefoods.com
Sturm Foods, Incorporated
Type
Public
Industry Dry grocery product manufacturer
Founded 1905
Headquarters Manawa, Wisconsin, United States
Products Seasonings, Puddings, Gelatins, Powdered drink mixes, Single-serve "K-cups," Dried oatmeal, Organic products, Liquid beverage enhancers
Revenue $77.4 million USD (2006)
Number of employees
1,000 (approximate)
Website External link

TreeHouse Foods Inc., located in Oak Brook, Illinois, is a multinational food processing company specializing in producing private label packaged foods. Created in 2005 and consisting entirely of acquisitions, in 2010 the company had sales of $2 billion and employed over 4000 people at 20 facilities. Food Processing magazine named them their 2010 Processor of the Year, calling them "the biggest company you never heard of." The company is a component of the S&P 400 and in 2015 was the 37th-largest food and beverage company in North America.

In 2005, Dean Specialty Foods was spun off from Dean Foods as Bay Valley Foods, LLC, a division of TreeHouse Foods, Inc. In June of that year, TreeHouse Foods started trading on the New York Stock Exchange with a ticker of THS.

Michelle Obama was a member of the board of directors from 2005 - 2007. Terdema Ussery, president and CEO of the National Basketball Association’s Dallas Mavericks, serves on the board of directors.

Sturm Foods is a subsidiary company that manufactures dry groceries under private label brands and distributes them to the foodservice industry and grocery suppliers throughout the world. Sturm Foods' origin was a dairy farm operation begun in 1905 by Arthur Sturm and his four sons. The boys began buying eggs from local farmers and shipping them to relatives in Chicago for sale there. This small business eventually expanded into other commodities during the 1930s, such as sugar, seed, twine, potatoes, flour, coal and gasoline. World War II helped increase the business, at that point known as A. Sturm & Sons. The company began manufacturing for the first time bulk amounts of dried food products, such as eggs and powdered milk, to be delivered to American servicemen on the battle fronts. The company entered the private label distribution market in the early 1970s and continues this business model to the current day. The business flourished throughout the eighties and nineties with a broadening product line and employment increasing from 150 to 500 employees. In May 2005, Sturm Foods was acquired by the LLC and private equity firm HM Capital Partners.

Monday, December 1, 2009 HM Capital announced that Sturm Foods was sold to Treehouse Foods for approximately $660 million. The purchase price is made up of $400m in new debt issuance, $100m in equity stock, with the remainder funded by TreeHouse’s existing revolving credit facility. With this purchase the US soup-to-salad dressings firm has made a move to further expand its dry grocery offerings. For the 12 months leading to September 30, 2009 Sturm generated sales of $340m. Following the acquisition, TreeHouse has estimated that it will have pro-forma sales of around $1.9bn and adjusted EBITDA of over $275m. The company also expects the transaction to be more than 16% accretive on an annualised basis following the acquisition, adding $0.38 to $0.40 in earnings per share.

The company's primary business strategy is to acquire producers of private-label products in Canada and the U.S. It services both the retail grocery and the foodservice distribution channels. In addition to private brand non-dairy creamers, single-serving coffee pods, baby foods, salad dressings, marinades, dips, soups, sauces, dry mix pasta dinners, jams, spreads, and cereals the company also maintains several brand name products including McCann's Steel Cut Irish Oatmeal, Cremora non-dairy coffee lightener, Second Nature egg substitutes, and Nature's Goodness baby foods.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-07 Future report Set alerts
Q2 2022 2022-08-08 -0.04 -0.04
Q1 2022 2022-05-09 -0.15 -0.15
Q4 2021 2022-02-14 0.11 0.11
Q3 2021 2021-11-08 0.46 0.46
Q2 2021 2021-08-05 0.26 0.26
Q1 2021 2021-05-06 0.36 0.36
Q4 2020 2021-02-11 1.07 1.07
Q3 2020 2020-11-05 0.00 0.00
Q2 2020 2020-08-06 0.58 -0.05

Ratings

2016-06-27 Reiterated Rating Susquehanna Buy $109.00
2016-05-26 Reiterated Rating Susquehanna Buy
2016-05-25 Initiated Coverage KeyBanc Overweight $110.00
2016-05-25 Initiated Coverage KeyCorp Overweight $110.00
2016-05-12 Reiterated Rating Bank of America Buy
2016-05-12 Reiterated Rating Bank of America Corp. Buy
2016-04-15 Reiterated Rating Bank of America Buy
2016-02-09 Upgrade JPMorgan Chase & Co. Neutral to Overweight $98.00
2016-02-08 Reiterated Rating Susquehanna Buy $109.00
2016-02-02 Reiterated Rating William Blair Outperform
2016-01-27 Lower Price Target Credit Suisse Neutral $88.00 to $84.00
2016-01-27 Lower Price Target Credit Suisse Group AG Neutral $88.00 to $84.00
2016-01-20 Reiterated Rating Susquehanna Buy $109.00
2016-01-15 Lower Price Target BMO Capital Markets $90.00 to $80.00
2016-01-14 Reiterated Rating Susquehanna Buy
2016-01-04 Reiterated Rating Susquehanna Buy
2015-12-29 Reiterated Rating Bank of America Buy
2015-12-23 Reiterated Rating Bank of America Buy
2015-12-15 Initiated Coverage Jefferies Group Buy $100.00
2015-12-03 Reiterated Rating Susquehanna Buy $108.00
2015-11-17 Reiterated Rating Susquehanna Buy $108.00
2015-11-11 Reiterated Rating Susquehanna Buy $108.00
2015-11-06 Downgrade BMO Capital Markets Outperform to Market Perform $85.00 to $90.00
2015-11-03 Boost Price Target Credit Suisse Neutral $77.00 to $88.00
2015-11-02 Reiterated Rating Susquehanna Buy $108.00
2015-10-27 Reiterated Rating Susquehanna Buy $108.00
2015-10-26 Initiated Coverage Susquehanna Positive $108.00
2015-10-02 Upgrade Bank of America Neutral to Buy $84.00 to $88.00
2015-09-16 Boost Price Target JPMorgan Chase & Co. Neutral $80.00 to $88.00
2015-08-26 Upgrade Stephens Equal Weight to Overweight $75.00 to $85.00
2015-08-07 Reiterated Rating Credit Suisse Hold $75.00 to $77.00
2015-07-20 Boost Price Target BB&T Corp. Buy $90.00
2015-05-12 Reiterated Rating JPMorgan Chase & Co. Neutral $73.00
2015-05-08 Downgrade Bank of America Buy to Neutral $77.00
2015-05-08 Reiterated Rating Stifel Nicolaus Buy $94.00 to $83.00
2015-05-07 Upgrade KeyBanc Underweight
2015-02-13 Reiterated Rating JPMorgan Chase & Co. Hold $90.00 to $83.00
2015-02-13 Set Price Target Stifel Nicolaus Buy $95.00 to $90.00
2015-02-13 Lower Price Target Citigroup Inc. Buy $100.00 to $95.00
2015-01-15 Upgrade Bank of America Underperform to Buy
2015-01-12 Downgrade Stephens Overweight to Equal Weight $90.00
2015-01-05 Upgrade Bank of America Underperform to Buy $73.00 to $100.00
2014-12-18 Initiated Coverage Sterne Agee CRT Buy $85.00
2014-12-03 Upgrade BMO Capital Markets Market Perform to Outperform $90.00 to $95.00
2014-11-12 Upgrade Stifel Hold to Buy $90
2014-11-12 Upgrade Stifel Nicolaus Hold to Buy $90.00
2014-11-07 Reiterated Rating Credit Suisse Neutral $82.00 to $86.00
2014-10-28 Reiterated Rating Citigroup Inc. Buy $93.00 to $100.00
2014-10-15 Downgrade KeyBanc Hold to Underweight $4.24 to $70.00
2014-09-22 Upgrade SunTrust Neutral to Buy $75.00 to $95.00
2014-09-22 Upgrade SunTrust Banks Inc. Neutral to Buy $75.00 to $95.00
2014-09-08 Boost Price Target JPMorgan Chase & Co. $76.00 to $87.00
2014-08-08 Boost Price Target BMO Capital Markets $71.00 to $80.00
2014-07-18 Reiterated Rating Bank of America Underperform to Buy
2014-07-01 Reiterated Rating Citigroup Inc. Buy $86.00 to $93.00
2014-04-28 Reiterated Rating Credit Suisse Neutral $72.00
2014-04-22 Reiterated Rating Citigroup Inc. Buy $86.00
2014-03-10 Boost Price Target JPMorgan Chase & Co. Neutral $68.00 to $70.00
2014-02-14 Upgrade Credit Suisse Underperform to Neutral $67.00 to $70.00
2013-11-27 Reiterated Rating Jefferies Group Hold $72.00 to $69.00
2013-11-11 Lower Price Target JPMorgan Chase & Co. Neutral $76.00 to $75.00
2013-09-17 Boost Price Target JPMorgan Chase & Co. Neutral $74.00 to $76.00
2013-09-09 Upgrade BB&T Capital Mkts Hold to Buy $83
2009-07-28 Initiated KeyBanc Capital Mkts Buy
2009-05-26 Initiated Citigroup Hold
2009-05-21 Initiated William Blair Outperform
2009-02-13 Reiterated Barclays Capital Overweight $34 to $31
2008-11-04 Downgrade Wachovia Outperform to Mkt Perform
2016-06-27 Reiterated Rating Susquehanna Buy $109.00
2016-05-26 Reiterated Rating Susquehanna Buy
2016-05-25 Initiated Coverage KeyBanc Overweight $110.00
2016-05-25 Initiated Coverage KeyCorp Overweight $110.00
2016-05-12 Reiterated Rating Bank of America Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
WALSH HARRY J Sr VP of Operations 0.35%  (149194) THS /
ONeill Thomas Emmet III Gen Counsel, Sr VP, CAO, Sec 0.32%  (133246) THS /
REED SAM K CEO, Chairman of the Board 0.18%  (74156) THS /
Riordan Dennis F CFO, Sr VP 0.16%  (65583) THS /
VERMYLEN DAVID B President, COO 0.07%  (30590) ARO / THS /
Kahler Erik Thomas Sr VP-Corporate Development 0.06%  (27025) THS /
Ussery Terdema L II 0.06%  (23280) THS / UA /
Gambrel Alan Thompson Sr VP-Human Resources 0.04%  (18274) THS /
Flanagan Sharon Marie Sr. VP - Strategy 0.04%  (17937) THS /
Sliva Christopher D Senior Vice President 0.03%  (11598) THS /
OConnell Frank Joseph 0.03%  (11000) THS /
OBrien Dennis F 0.02%  (9960) THS /
SARDINI ANN 0.02%  (9780) PIR / THS /
Bishop Rachel Rothe Sr VP & Chief Strategy Officer 0.02%  (6889) THS /
BAYLY GEORGE V 0.01%  (2230) ACCO / GPK / THS /