Post Holdings Inc (POST) Position Increased by California Public Employees Retirement System
California Public Employees Retirement System boosted its stake in Post Holdings Inc (NYSE:POST) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 102,886 shares of the company’s stock after buying an additional 3,947 shares during the period. California Public Employees Retirement System’s holdings in Post were worth $8,152,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of POST. Crossmark Global Holdings Inc. acquired a new stake in Post in the third quarter valued at $739,000. Canada Pension Plan Investment Board raised its holdings in shares of Post by 270.3% during the third quarter. Canada Pension Plan Investment Board now owns 74,800 shares of the company’s stock worth $6,603,000 after purchasing an additional 54,600 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Post by 3.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 82,619 shares of the company’s stock worth $7,293,000 after purchasing an additional 2,400 shares during the period. Country Trust Bank raised its holdings in shares of Post by 5.0% during the third quarter. Country Trust Bank now owns 241,647 shares of the company’s stock worth $21,330,000 after purchasing an additional 11,463 shares during the period. Finally, Gabelli Funds LLC raised its holdings in shares of Post by 1.4% during the third quarter. Gabelli Funds LLC now owns 593,300 shares of the company’s stock worth $52,371,000 after purchasing an additional 8,300 shares during the period.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Post from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. SunTrust Banks set a $105.00 target price on shares of Post and gave the stock a “buy” rating in a report on Thursday, November 16th. Wells Fargo & Co dropped their target price on shares of Post from $106.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. They noted that the move was a valuation call. BMO Capital Markets reissued a “buy” rating on shares of Post in a report on Monday, November 6th. Finally, Vertical Group raised shares of Post from a “hold” rating to a “buy” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $100.13.
Post (NYSE:POST) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.04). The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. Post had a return on equity of 7.90% and a net margin of 4.54%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. research analysts expect that Post Holdings Inc will post 4.52 EPS for the current fiscal year.
In other news, Director William P. Stiritz purchased 100,000 shares of the stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $71.99 per share, for a total transaction of $7,199,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeff A. Zadoks purchased 1,353 shares of the stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $73.30 per share, with a total value of $99,174.90. Following the transaction, the chief financial officer now directly owns 7,668 shares of the company’s stock, valued at approximately $562,064.40. The disclosure for this purchase can be found here. Insiders have bought 104,073 shares of company stock valued at $7,498,693 in the last 90 days. Insiders own 7.40% of the company’s stock.
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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