California State Teachers Retirement System lowered its stake in shares of Post Holdings Inc (NYSE:POST) by 9.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,482 shares of the company’s stock after selling 11,250 shares during the period. California State Teachers Retirement System owned 0.16% of Post worth $9,576,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. IndexIQ Advisors LLC raised its stake in Post by 0.3% in the 2nd quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock valued at $115,000 after acquiring an additional 4 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Post by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,194 shares of the company’s stock valued at $170,000 after acquiring an additional 190 shares during the period. Virtu KCG Holdings LLC bought a new stake in Post in the 2nd quarter valued at $208,000. South State Corp bought a new stake in Post in the 3rd quarter valued at $208,000. Finally, Janus Henderson Group PLC bought a new stake in Post in the 2nd quarter valued at $210,000.
Several research firms have weighed in on POST. Pivotal Research reiterated a “buy” rating and set a $105.00 price objective on shares of Post in a research report on Wednesday, September 20th. Citigroup set a $110.00 price objective on Post and gave the stock a “buy” rating in a research report on Monday, November 20th. SunTrust Banks set a $105.00 price objective on Post and gave the stock a “buy” rating in a research report on Thursday, November 16th. BidaskClub cut Post from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Finally, Zacks Investment Research cut Post from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Post presently has an average rating of “Buy” and an average target price of $103.25.
In related news, Director David W. Kemper bought 2,500 shares of Post stock in a transaction dated Thursday, November 30th. The shares were bought at an average cost of $79.86 per share, with a total value of $199,650.00. Following the acquisition, the director now owns 6,700 shares in the company, valued at approximately $535,062. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.40% of the company’s stock.
Shares of Post Holdings Inc (NYSE:POST) opened at $78.71 on Tuesday. The stock has a market capitalization of $5,212.40, a price-to-earnings ratio of 231.50, a PEG ratio of 2.12 and a beta of 0.09. Post Holdings Inc has a 1-year low of $75.76 and a 1-year high of $89.04. The company has a current ratio of 3.71, a quick ratio of 2.90 and a debt-to-equity ratio of 2.56.
Post (NYSE:POST) last released its earnings results on Thursday, November 16th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.05). The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. Post had a return on equity of 7.31% and a net margin of 0.92%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. research analysts anticipate that Post Holdings Inc will post 3.71 earnings per share for the current year.
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Post Company Profile
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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