Wellington Shields Capital Management LLC lessened its stake in shares of TreeHouse Foods Inc. (NYSE:THS) by 5.3% in the fourth quarter, Holdings Channel reports. The fund owned 46,294 shares of the company’s stock after selling 2,600 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in TreeHouse Foods were worth $2,290,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its position in shares of TreeHouse Foods by 0.5% during the 2nd quarter. Sterling Capital Management LLC now owns 3,047 shares of the company’s stock valued at $249,000 after acquiring an additional 14 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of TreeHouse Foods by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 17,039 shares of the company’s stock valued at $1,392,000 after purchasing an additional 296 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of TreeHouse Foods by 120.6% in the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock valued at $105,000 after purchasing an additional 703 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of TreeHouse Foods by 2.7% in the second quarter. Stifel Financial Corp now owns 38,823 shares of the company’s stock valued at $3,162,000 after purchasing an additional 1,009 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of TreeHouse Foods by 2.3% in the third quarter. Mutual of America Capital Management LLC now owns 47,476 shares of the company’s stock valued at $3,216,000 after purchasing an additional 1,055 shares in the last quarter.

TreeHouse Foods Inc. (NYSE THS) opened at $42.48 on Thursday. TreeHouse Foods Inc. has a one year low of $40.26 and a one year high of $90.42. The company has a quick ratio of 0.81, a current ratio of 2.16 and a debt-to-equity ratio of 1.01. The firm has a market cap of $2,459.11, a price-to-earnings ratio of 14.67, a PEG ratio of 2.39 and a beta of 0.42.

TreeHouse Foods declared that its board has approved a stock buyback program on Thursday, November 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of research firms have recently issued reports on THS. UBS Group began coverage on TreeHouse Foods in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 target price for the company. Susquehanna Bancshares set a $74.00 target price on TreeHouse Foods and gave the company a “hold” rating in a report on Monday, October 30th. Wells Fargo & Co reduced their target price on TreeHouse Foods from $43.00 to $41.00 and set a “market perform” rating for the company in a report on Tuesday, November 14th. Bank of America reduced their target price on TreeHouse Foods from $55.00 to $47.00 and set a “neutral” rating for the company in a report 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 report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $59.40.

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 shares were sold at an average price of $45.32, for a total transaction of $90,640.00. Following the transaction, the vice president now directly owns 135,019 shares of the company’s stock, valued at $6,119,061.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction on Monday, January 8th. The stock was sold at an average price of $49.72, for a total transaction of $570,785.60. Following the transaction, the chief executive officer now directly owns 81,147 shares in the company, valued at $4,034,628.84. The disclosure for this sale can be found here. Insiders sold 24,960 shares of company stock worth $1,193,638 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

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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.

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

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