Post Holdings, Inc. $POST Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in shares of Post Holdings, Inc. (NYSE:POST) by 1.6% during the second quarter, HoldingsChannel reports. The firm owned 829,367 shares of the company’s stock after selling 13,326 shares during the quarter. Geode Capital Management LLC’s holdings in Post were worth $90,440,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. KLP Kapitalforvaltning AS grew its stake in Post by 3.8% in the first quarter. KLP Kapitalforvaltning AS now owns 13,800 shares of the company’s stock worth $1,606,000 after purchasing an additional 500 shares in the last quarter. Argonautica Private Wealth Management Inc. bought a new stake in Post in the first quarter valued at $290,000. TD Asset Management Inc lifted its position in Post by 23.2% in the 1st quarter. TD Asset Management Inc now owns 425,944 shares of the company’s stock valued at $49,563,000 after purchasing an additional 80,139 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Post by 0.5% during the first quarter. LPL Financial LLC now owns 50,009 shares of the company’s stock valued at $5,819,000 after buying an additional 245 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new position in Post during the 1st quarter worth $4,646,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

POST has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Post from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. lifted their price target on Post from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Zacks Research downgraded shares of Post from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Wells Fargo & Company dropped their target price on Post from $117.00 to $115.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Post in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.00.

Post Price Performance

NYSE POST opened at $99.01 on Friday. The company has a market cap of $5.38 billion, a P/E ratio of 16.84 and a beta of 0.49. The company has a fifty day simple moving average of $105.84 and a 200 day simple moving average of $107.89. Post Holdings, Inc. has a 1 year low of $98.90 and a 1 year high of $125.84. The company has a current ratio of 2.60, a quick ratio of 1.84 and a debt-to-equity ratio of 1.83.

Post (NYSE:POST) last posted its quarterly earnings data on Thursday, November 20th. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.20. Post had a return on equity of 10.80% and a net margin of 4.62%.The business had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm earned $1.53 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current year.

Post announced that its board has authorized a share repurchase program on Friday, August 29th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Post Company Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.