Insider Trading : Fri 8/11/23

Notable purchases -- JANA adds to THS; notable sales -- CEO active in PRI

Buyers:

• ADV Chief Executive Officer bought 50,000 shares at $2.60 - $2.66 worth ~$133K.
• AKRO Director bought 25,000 shares at $41.8634 - $42.3525 worth ~$1.1 mln.
• AVDL Chief Executive Officer bought 10,000 shares at $12.86 - $13.50 worth ~$132K.
• EMBC Chief Executive Officer/President, SVP-CFO, and SVP-General Counsel/Head of Business Development bought a total of 14,325 shares at $21.54 - $21.81 worth ~$311K.
• EXFY 10% owner bought 609,159 shares at $4.07 - $5.98 worth ~$2.8 mln.
• LTH Chief Executive Officer/Founder and Chief Financial Officer bought 42,951 shares at $16.73 - $17.15 worth ~$725K.
• MODV 10% owner Coliseum Capital bought 435,893 shares at $34.13 - $37.00 worth ~$15.6 mln.
• ONEW Chief Executive Officer / 10% owner bought 10,000 shares at $26.29 - $26.50 worth ~$264K.
• ROG Directors (2) bought a total of 3,665 shares at $148.0598 - $150.04 worth ~$549K.
• THS 10% owner JANA Partners (Barry Rosenstein) discloses the purchase of 41,500 shares worth approx. $1.9 mln.
• VFC Director bought 40,000 shares at $19.055 - $19.10 worth ~$764K.

Sellers:

• BYD Vice President sold 11,431 shares at $67.35 - $67.45 worth ~$770K.
• CNXN SVP, CFO & Treasurer sold 7,500 shares at $51.21 - $54.41 worth ~$398K.
• EQC EVP, General Counsel & Secretary sold 50,000 shares at $19.23 - $19.30 worth ~$963K.
• LPG Director sold 65,000 shares at $28.27 - $29.00 worth ~$1.9 mln.
• PRI Chief Executive Officer sold 4,000 shares at ~$213.4672 worth ~$854K.
• RSG EVP, Chief Marketing Officer sold 2,712 shares at $148.6504 - $148.70 worth ~$403K.

-=TreeHouse Foods (THS) reported earnings on Thur 1 Nov 2018 (b/o)

TreeHouse Foods beats by $0.07, misses on revs; guides Q4 EPS in-line; guides FY18 EPS in-line 

Reports Q3 (Sep) earnings of $0.62 per share, excluding non-recurring items, $0.07 better thanthe S&P Capital IQ Consensus of $0.55; revenues fell 10.0% year/year to $1.39 bln vs the $1.42 bln S&P Capital IQ Consensus.

• "Revenue decline in the quarter of 7.5% (excluding SKU rationalization impact of 2.3% and McCann's divestiture of 0.2%) was slightly greater than anticipated, as favorable pricing of 1.7% was offset by volume/mix declines primarily within the Snacks and Meals divisions. Pricing fully covered higher commodity, packaging, and freight costs"

Co issues in-line guidancefor Q4, sees EPS of $0.88-1.08, excluding non-recurring items, vs. $1.05 S&P Capital IQ Consensus.

• TreeHouse noted that while pricing related to Canadian tariffs is in place and will be reflected in the fourth quarter results, the Company does expect some ongoing headwind in the fourth quarter related to the impact of the hurricanes on both the operations and crop sourcing.

Co issues in-line guidancefor FY18, sees EPS of $2.05-2.25, excluding non-recurring items, vs. $2.15 S&P Capital IQ Consensus.

-=Treehouse Foods (THS) reported earnings on Thur 3 May 2018 (b/o)

HIGHLIGHTS

- First quarter 2018 loss per fully diluted share was $(0.60) compared to income of $0.49 for the same period in 2017.

- First quarter 2018 adjusted earnings per fully diluted share was $0.18, $(0.43) below first quarter 2017.

- First quarter 2018 net sales decreased (3.6)% compared to the same period last year.

- First quarter 2018 net sales increased 1.9% compared to the same period last year, excluding the impact of the Soup and Infant Feeding ("SIF") divestiture (2.8)% and SKU rationalization (2.7)%.

- TreeHouse reaffirms 2018 guidance range for adjusted earnings per fully diluted share of $2.00 to $2.40.

-=Treehouse Foods (THS) reported earnings on Thur 2 Nov 2017 (b/o)

TreeHouse Foods Inc.is a multinational food processing company specializing in producing private label packaged foods.

• Headquarters: Oak Brook, Illinois
• Founded in 1862 
• treehousefoods.com
• Sector: Consumer Defensive
• Industry: Packaged Foods
• Full Time Employees: 13,489

OAK BROOK, Ill. (AP) _ TreeHouse Foods Inc. (THS) on Thursday reported third-quarter profit of $28.8 million.

On a per-share basis, the Oak Brook, Illinois-based company said it had net income of 50 cents. Earnings, adjusted for one-time gains and costs, were 67 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The food maker posted revenue of $1.55 billion in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $1.53 billion.

TreeHouse expects full-year earnings to be $1.31 to $1.41 per share.

TreeHouse shares have fallen 8 percent since the beginning of the year. The stock has dropped 24 percent in the last 12 months.