|Bid||0.00 x 1300|
|Ask||0.00 x 2200|
|Day's Range||41.68 - 42.66|
|52 Week Range||29.47 - 50.39|
|Beta (5Y Monthly)||0.36|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Rating Action: Moody's affirms TreeHouse Foods' B1 CFR; changes outlook to stableGlobal Credit Research - 16 Aug 2022New York, August 16, 2022 -- Moody's Investors Service ("Moody's") affirmed the ratings of TreeHouse Foods, Inc. ("TreeHouse"), including the B1 Corporate Family Rating (CFR), the B1-PD Probability of Default Rating ("PDR"), the B3 rating on company's senior unsecured notes, and the Ba3 rating on the company's senior secured bank facilities. The Speculative Grade Liquidity Rating was upgraded from SGL-3 to SGL-2.
TreeHouse Foods (THS) pens a deal to divest a considerable portion of its Meal Preparation business to increase its focus on the Snacking & Beverage unit. The deal is expected to close in the fourth quarter.
TreeHouse Foods Inc said on Thursday it would sell a significant portion of its meal preparation business to an investment firm for $950 million in a bid to focus more on its private-label snacking and beverage portfolio. U.S. packaged food makers including Kellogg Co and Mondelez International Inc have been doubling down on their snacking businesses which offer better growth and margins, as Americans stick to snacking habits from the lockdown era. Surging inflation has also driven up demand for private-label foods as cash-strapped consumers shun expensive national brands in favor of cheaper store-owned labels.