TreeHouse Foods Inc. (THS) CEO Sam K. Reed Sells 11,480 Shares

TreeHouse Foods Inc. (NYSE:THS) CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $42.44, for a total transaction of $487,211.20. Following the completion of the sale, the chief executive officer now owns 81,147 shares in the company, valued at $3,443,878.68. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of TreeHouse Foods Inc. (NYSE:THS) traded up $0.22 during trading hours on Friday, hitting $42.14. 936,784 shares of the stock traded hands, compared to its average volume of 786,099. The stock has a market capitalization of $2,430.50, a P/E ratio of -9.22, a price-to-earnings-growth ratio of 2.36 and a beta of 0.42. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. TreeHouse Foods Inc. has a 1-year low of $40.26 and a 1-year high of $90.42.

TreeHouse Foods announced that its board has approved a share repurchase program on Thursday, November 2nd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

THS has been the topic of several research analyst reports. Credit Suisse Group reiterated a “hold” rating and set a $48.00 price target on shares of TreeHouse Foods in a research note on Friday. BMO Capital Markets cut their price target on shares of TreeHouse Foods to $50.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. UBS Group cut their price target on shares of TreeHouse Foods from $70.00 to $46.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. Stifel Nicolaus lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating and cut their price target for the stock from $84.00 to $44.00 in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co cut their price target on shares of TreeHouse Foods from $43.00 to $41.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $57.97.

A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in TreeHouse Foods by 12.2% during the third quarter. Wells Fargo & Company MN now owns 5,133,963 shares of the company’s stock worth $347,723,000 after buying an additional 557,363 shares in the last quarter. BlackRock Inc. boosted its holdings in TreeHouse Foods by 1.7% during the fourth quarter. BlackRock Inc. now owns 4,549,595 shares of the company’s stock worth $225,024,000 after buying an additional 76,696 shares in the last quarter. Levin Capital Strategies L.P. boosted its holdings in TreeHouse Foods by 69.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 3,592,216 shares of the company’s stock worth $177,671,000 after buying an additional 1,466,030 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in TreeHouse Foods by 616.9% during the third quarter. Victory Capital Management Inc. now owns 3,273,871 shares of the company’s stock worth $221,740,000 after buying an additional 2,817,230 shares in the last quarter. Finally, State Street Corp boosted its holdings in TreeHouse Foods by 1.8% during the second quarter. State Street Corp now owns 1,472,162 shares of the company’s stock worth $120,266,000 after buying an additional 26,686 shares in the last quarter.

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About TreeHouse Foods

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.

Insider Buying and Selling by Quarter for TreeHouse Foods (NYSE:THS)

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