Wellington Shields Capital Management LLC lowered its stake in shares of Treehouse Foods, Inc. (NYSE:THS) by 23.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,894 shares of the company’s stock after selling 15,136 shares during the quarter. Wellington Shields Capital Management LLC owned 0.09% of Treehouse Foods worth $3,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. increased its position in shares of Treehouse Foods by 120.6% during the 2nd 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 last quarter. Creative Planning increased its position in shares of Treehouse Foods by 28.8% during the 2nd 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 last quarter. Parallax Volatility Advisers L.P. increased its position in shares of Treehouse Foods by 30.9% during the 2nd 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Treehouse Foods by 11.2% during the 2nd 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 last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Treehouse Foods by 6.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock valued at $184,000 after purchasing an additional 141 shares during the last quarter.

In other news, Director Gary Dale Smith bought 2,000 shares of the stock in a transaction 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 acquisition, the director now owns 271 shares of the company’s stock, valued at $11,555.44. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $66.32, for a total value of $761,353.60. Following the completion of the sale, the chief executive officer now owns 70,647 shares of the company’s stock, valued at $4,685,309.04. The disclosure for this sale can be found here. Insiders sold a total of 34,440 shares of company stock valued at $2,027,712 over the last quarter. Company insiders own 3.50% of the company’s stock.

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Several equities analysts have recently weighed in on THS shares. BidaskClub downgraded Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Citigroup Inc. cut their target price on Treehouse Foods from $90.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Jefferies Group LLC set a $100.00 target price on Treehouse Foods and gave the company a “buy” rating in a research report on Sunday, October 29th. Zacks Investment Research raised Treehouse Foods from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Susquehanna Bancshares Inc reissued a “hold” rating and set a $75.00 target price on shares of Treehouse Foods in a research report on Monday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. Treehouse Foods has a consensus rating of “Hold” and an average target price of $59.59.

Treehouse Foods, Inc. (THS) traded up $0.18 on Tuesday, reaching $43.26. The company had a trading volume of 1,104,800 shares, compared to its average volume of 771,523. Treehouse Foods, Inc. has a one year low of $40.26 and a one year high of $90.42. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01. The stock has a market cap of $2,464.83, a PE ratio of 14.70, a P/E/G ratio of 2.20 and a beta of 0.63.

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

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

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.

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

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