Shares of TreeHouse Foods Inc. (NYSE:THS) have been assigned an average rating of “Hold” from the twenty research firms that are presently covering the firm, Marketbeat reports. Two 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. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $56.91.

A number of research analysts have recently commented on the company. Susquehanna Bancshares reiterated a “hold” rating and set a $75.00 price target on shares of TreeHouse Foods in a report on Monday, October 9th. UBS Group assumed coverage on TreeHouse Foods in a report on Wednesday, October 18th. They set a “neutral” rating and a $70.00 price target for the company. Wells Fargo & Co cut their target price on TreeHouse Foods from $43.00 to $41.00 and set a “market perform” rating for the company in a research note on Tuesday, November 14th. Bank of America cut their target price on TreeHouse Foods from $55.00 to $47.00 and set a “neutral” rating for the company in a research note on Tuesday, November 14th. Finally, BMO Capital Markets restated a “buy” rating and issued a $85.00 target price on shares of TreeHouse Foods in a research note on Thursday, November 2nd.

TreeHouse Foods (NYSE:THS) opened at $43.25 on Tuesday. TreeHouse Foods has a 1-year low of $40.26 and a 1-year high of $90.42. The company has a market capitalization of $2,550.00, a P/E ratio of -9.59, a PEG ratio of 2.45 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 declared that its board has initiated a stock 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 usually a sign that the company’s board of directors believes its stock is undervalued.

In other TreeHouse Foods news, VP Thomas Emmet Oneill III sold 2,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $45.32, for a total transaction of $90,640.00. Following the completion of the transaction, the vice president now directly owns 135,019 shares in the company, valued at $6,119,061.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $46.36, for a total value of $532,212.80. Following the transaction, the chief executive officer now owns 81,147 shares of the company’s stock, valued at $3,761,974.92. The disclosure for this sale can be found here. Insiders have sold 24,960 shares of company stock valued at $1,193,638 over the last quarter. Corporate insiders own 3.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its stake 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 acquiring an additional 557,363 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of 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 purchasing an additional 2,817,230 shares during the last quarter. State Street Corp grew its holdings in shares of 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 purchasing an additional 26,686 shares during the last quarter. NWQ Investment Management Company LLC grew its holdings in shares of TreeHouse Foods by 9.5% during the third quarter. NWQ Investment Management Company LLC now owns 1,271,494 shares of the company’s stock worth $86,118,000 after purchasing an additional 110,175 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in shares of TreeHouse Foods by 5.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 916,528 shares of the company’s stock worth $45,331,000 after purchasing an additional 45,313 shares during the last quarter.

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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.

Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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