Post Holdings Inc (POST) Position Increased by California Public Employees Retirement System
California Public Employees Retirement System increased its holdings in shares of Post Holdings Inc (NYSE:POST) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,775 shares of the company’s stock after buying an additional 13,889 shares during the quarter. California Public Employees Retirement System owned 0.17% of Post worth $8,847,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in POST. Tower Research Capital LLC TRC raised its position in Post by 734.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,319 shares of the company’s stock valued at $105,000 after purchasing an additional 1,161 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Post by 113.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,467 shares of the company’s stock valued at $114,000 after purchasing an additional 780 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Post in the fourth quarter valued at about $117,000. Old Mutual Global Investors UK Ltd. bought a new position in Post in the fourth quarter valued at about $118,000. Finally, Ironwood Investment Counsel LLC bought a new position in Post in the first quarter valued at about $231,000.
In other news, Director David P. Skarie sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $76.96, for a total transaction of $192,400.00. Following the completion of the transaction, the director now directly owns 27,493 shares in the company, valued at $2,115,861.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.40% of the stock is owned by company insiders.
Post (NYSE:POST) last issued its quarterly earnings data on Thursday, May 3rd. The company reported $1.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.08 by ($0.02). Post had a return on equity of 9.07% and a net margin of 5.94%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the business earned $0.55 earnings per share. Post’s revenue was up 26.3% compared to the same quarter last year. research analysts anticipate that Post Holdings Inc will post 4.38 EPS for the current fiscal year.
Several equities analysts have commented on the company. ValuEngine upgraded Post from a “sell” rating to a “hold” rating in a research report on Monday, June 11th. Pivotal Research reiterated a “buy” rating and issued a $105.00 target price on shares of Post in a research report on Friday, May 4th. Citigroup set a $105.00 target price on Post and gave the company a “buy” rating in a research report on Tuesday, May 8th. Finally, Zacks Investment Research downgraded Post from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $99.86.
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It manufactures and sells ready-to-eat cereal and hot cereal, egg, refrigerated potato, cheese and other dairy case, and pasta products; and markets and distributes ready-to-drink beverages, bars, powders and other nutritional supplements.
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