Treehouse Foods, Inc. (THS) Stake Lowered by Green Square Capital LLC

Green Square Capital LLC lessened its position in Treehouse Foods, Inc. (NYSE:THS) by 17.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,570 shares of the company’s stock after selling 2,587 shares during the period. Green Square Capital LLC’s holdings in Treehouse Foods were worth $851,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. lifted its stake in shares of Treehouse Foods by 120.6% in the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock valued at $105,000 after purchasing an additional 703 shares during the period. Creative Planning lifted its stake in shares of Treehouse Foods by 28.8% in the second quarter. Creative Planning now owns 1,379 shares of the company’s stock valued at $113,000 after purchasing an additional 308 shares during the period. Parallax Volatility Advisers L.P. lifted its stake in shares of Treehouse Foods by 30.9% in the second quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock valued at $153,000 after purchasing an additional 442 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Treehouse Foods by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock valued at $162,000 after purchasing an additional 199 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in shares of Treehouse Foods by 0.5% in the second quarter. Sterling Capital Management LLC now owns 3,047 shares of the company’s stock valued at $249,000 after purchasing an additional 14 shares during the period.

THS has been the subject of several recent analyst reports. Stifel Nicolaus cut shares of Treehouse Foods from a “buy” rating to a “hold” rating and reduced their price objective for the company from $84.00 to $44.00 in a research note on Thursday, November 2nd. Jefferies Group reduced their price objective on shares of Treehouse Foods from $90.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, November 6th. Stephens cut shares of Treehouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Treehouse Foods from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Finally, BidaskClub cut shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $59.51.

In other news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $46.36, for a total transaction of $532,212.80. Following the completion of the sale, the chief executive officer now directly owns 81,147 shares in the company, valued at $3,761,974.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gary Dale Smith purchased 2,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $42.64 per share, with a total value of $85,280.00. Following the completion of the acquisition, the director now owns 271 shares of the company’s stock, valued at $11,555.44. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 36,440 shares of company stock valued at $1,889,212. Insiders own 3.50% of the company’s stock.

Shares of Treehouse Foods, Inc. (NYSE THS) traded down $0.15 on Wednesday, reaching $46.54. 892,500 shares of the company’s stock were exchanged, compared to its average volume of 791,038. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $2,671.38, a PE ratio of 15.94, a P/E/G ratio of 2.59 and a beta of 0.49. Treehouse Foods, Inc. has a one year low of $40.26 and a one year high of $90.42.

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

Treehouse Foods announced that its Board of Directors has approved a share repurchase program on Thursday, November 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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Treehouse Foods 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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