Public Employees Retirement Association of Colorado grew its position in Treehouse Foods, Inc. (NYSE:THS) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 600,140 shares of the company’s stock after purchasing an additional 25,300 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 1.05% of Treehouse Foods worth $40,647,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Citigroup Inc. boosted its stake in shares of Treehouse Foods by 120.6% in 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 boosted its stake in shares of Treehouse Foods by 28.8% in 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. boosted its stake in shares of Treehouse Foods by 30.9% in 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 boosted its stake in shares of Treehouse Foods by 11.2% in 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 boosted its stake in shares of Treehouse Foods by 6.7% in 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.

A number of equities research analysts have recently commented on THS shares. Zacks Investment Research lowered shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Treehouse Foods in a research note on Monday, October 9th. BMO Capital Markets reaffirmed a “buy” rating on shares of Treehouse Foods in a research note on Tuesday, July 18th. UBS AG started coverage on shares of Treehouse Foods in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price objective on the stock. Finally, BidaskClub lowered shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $79.15.

Treehouse Foods (NYSE:THS) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.11). The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 EPS.

Treehouse Foods declared that its Board of Directors has authorized a share buyback program on Thursday, November 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

In other news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $67.58, for a total value of $775,818.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by insiders.

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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.

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

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