Insider Selling: TreeHouse Foods Inc. (THS) CEO Sells 11,480 Shares of Stock

TreeHouse Foods Inc. (NYSE:THS) CEO Sam K. Reed sold 11,480 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,443,878.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

TreeHouse Foods declared that its board has authorized a share buyback program on Thursday, November 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

THS has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of TreeHouse Foods in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price objective for the company. Jefferies Group set a $100.00 price target on shares of TreeHouse Foods and gave the company a “buy” rating in a research note on Sunday, October 29th. Zacks Investment Research raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Susquehanna Bancshares set a $74.00 price target on shares of TreeHouse Foods and gave the company a “hold” rating in a research note on Monday, October 30th. Finally, Credit Suisse Group set a $68.00 price target on shares of TreeHouse Foods and gave the company a “neutral” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $57.97.

Several large investors have recently bought and sold shares of THS. Victory Capital Management Inc. lifted its holdings in TreeHouse Foods by 616.9% during the 3rd 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. Levin Capital Strategies L.P. lifted its holdings in TreeHouse Foods by 69.0% during the 4th 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. Wells Fargo & Company MN lifted its holdings in TreeHouse Foods by 12.2% during the 3rd 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. Arrowstreet Capital Limited Partnership acquired a new stake in TreeHouse Foods during the 4th quarter worth approximately $22,442,000. Finally, State of New Jersey Common Pension Fund D acquired a new stake in TreeHouse Foods during the 3rd quarter worth approximately $27,092,000.

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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.

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

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