Retirement Systems of Alabama grew its stake in TreeHouse Foods Inc. (NYSE:THS) by 12.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,982 shares of the company’s stock after acquiring an additional 17,394 shares during the period. Retirement Systems of Alabama’s holdings in TreeHouse Foods were worth $8,012,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in THS. Citigroup Inc. grew its holdings 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 acquiring an additional 703 shares in the last quarter. Balter Liquid Alternatives LLC bought a new position in shares of TreeHouse Foods in the 4th quarter valued at about $174,000. State of Alaska Department of Revenue bought a new position in shares of TreeHouse Foods in the 4th quarter valued at about $197,000. ZWJ Investment Counsel Inc. bought a new position in shares of TreeHouse Foods in the 3rd quarter valued at about $212,000. Finally, Zions Bancorporation bought a new position in shares of TreeHouse Foods in the 3rd quarter valued at about $212,000.
TreeHouse Foods Inc. (THS) opened at $38.28 on Tuesday. TreeHouse Foods Inc. has a 1-year low of $36.35 and a 1-year high of $90.42. The company has a current ratio of 2.48, a quick ratio of 0.94 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $2,190.00, a PE ratio of -5.60, a P/E/G ratio of 2.75 and a beta of 0.42.
TreeHouse Foods announced that its Board of Directors has initiated a stock buyback 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 leadership believes its stock is undervalued.
Several brokerages have recently weighed in on THS. Stifel Nicolaus decreased their price objective on TreeHouse Foods from $44.00 to $40.00 and set a “hold” rating for the company in a report on Friday. Credit Suisse Group set a $68.00 price objective on TreeHouse Foods and gave the company a “neutral” rating in a report on Tuesday, October 31st. BMO Capital Markets decreased their price objective on TreeHouse Foods to $50.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Jefferies Group restated a “buy” rating and issued a $68.00 price objective on shares of TreeHouse Foods in a report on Thursday, February 15th. Finally, SunTrust Banks restated a “hold” rating and issued a $35.00 price objective on shares of TreeHouse Foods in a report on Friday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $53.51.
In other TreeHouse Foods news, VP Thomas Emmet Oneill III sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 135,019 shares in the company, valued at $6,119,061.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $46.36, for a total transaction of $532,212.80. Following the sale, 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 36,440 shares of company stock valued at $1,680,850 over the last 90 days. Company insiders own 3.50% of the company’s stock.
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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