Segall Bryant & Hamill LLC Has $47.87 Million Position in Treehouse Foods, Inc. (THS)

Segall Bryant & Hamill LLC lowered its stake in shares of Treehouse Foods, Inc. (NYSE:THS) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 706,754 shares of the company’s stock after selling 47,840 shares during the quarter. Treehouse Foods comprises approximately 1.1% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 23rd biggest position. Segall Bryant & Hamill LLC owned about 1.24% of Treehouse Foods worth $47,868,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Citigroup Inc. grew its position in Treehouse Foods by 120.6% during the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after buying an additional 703 shares in the last quarter. Prudential Financial Inc. grew its position in Treehouse Foods by 269.8% during the second quarter. Prudential Financial Inc. now owns 141,658 shares of the company’s stock worth $11,572,000 after buying an additional 103,350 shares in the last quarter. Employees Retirement System of Texas grew its position in Treehouse Foods by 161.1% during the second quarter. Employees Retirement System of Texas now owns 47,000 shares of the company’s stock worth $3,839,000 after buying an additional 29,000 shares in the last quarter. Suntrust Banks Inc. grew its position in Treehouse Foods by 12.9% during the second quarter. Suntrust Banks Inc. now owns 6,302 shares of the company’s stock worth $513,000 after buying an additional 722 shares in the last quarter. Finally, Amica Mutual Insurance Co. acquired a new stake in Treehouse Foods during the third quarter worth approximately $868,000.

Several equities research analysts have weighed in on THS shares. Jefferies Group set a $100.00 target price on Treehouse Foods and gave the stock a “buy” rating in a research note on Sunday, October 29th. Vertical Group upgraded Treehouse Foods from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. TheStreet cut Treehouse Foods from a “c-” rating to a “d+” rating in a research note on Friday, November 10th. Susquehanna Bancshares restated a “hold” rating and set a $75.00 target price on shares of Treehouse Foods in a research note on Monday, October 9th. Finally, J P Morgan Chase & Co upped their target price on Treehouse Foods from $38.00 to $39.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Treehouse Foods currently has an average rating of “Hold” and a consensus price target of $59.51.

In related news, Director Gary Dale Smith acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average cost of $42.64 per share, for a total transaction of $85,280.00. Following the completion of the acquisition, the director now directly owns 271 shares of the company’s stock, valued at approximately $11,555.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by corporate insiders.

Shares of Treehouse Foods, Inc. (NYSE:THS) traded up $0.95 on Thursday, hitting $46.45. The stock had a trading volume of 597,000 shares, compared to its average volume of 789,673. Treehouse Foods, Inc. has a one year low of $40.26 and a one year high of $90.42. The company has a market cap of $2,603.29, a PE ratio of 15.53, a price-to-earnings-growth ratio of 2.53 and a beta of 0.49. The company has a quick ratio of 0.81, a current ratio of 2.16 and a debt-to-equity ratio of 1.01.

Treehouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.11). Treehouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. research analysts anticipate that Treehouse Foods, Inc. will post 2.72 earnings per share for the current fiscal year.

Treehouse Foods announced that its board has authorized a share buyback plan on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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Treehouse Foods Company Profile

TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.

Institutional Ownership by Quarter for Treehouse Foods (NYSE:THS)

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