Teacher Retirement System of Texas acquired a new stake in shares of Post Holdings Inc (NYSE:POST) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,992 shares of the company’s stock, valued at approximately $765,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its position in shares of Post by 8,813.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,290,017 shares of the company’s stock valued at $26,000 after purchasing an additional 2,264,324 shares in the last quarter. JOYN Advisors Inc. lifted its position in shares of Post by 93.4% during the fourth quarter. JOYN Advisors Inc. now owns 468 shares of the company’s stock valued at $42,000 after purchasing an additional 226 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Post by 2,145.0% during the first quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock valued at $48,000 after purchasing an additional 429 shares in the last quarter. Doyle Wealth Management bought a new position in shares of Post during the fourth quarter valued at about $74,000. Finally, North Star Investment Management Corp. lifted its position in shares of Post by 1,283.3% during the first quarter. North Star Investment Management Corp. now owns 830 shares of the company’s stock valued at $91,000 after purchasing an additional 770 shares in the last quarter. Hedge funds and other institutional investors own 95.19% of the company’s stock.
In other news, Director Robert E. Grote sold 750 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $99.89, for a total value of $74,917.50. Following the sale, the director now owns 6,950 shares of the company’s stock, valued at $694,235.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.10% of the company’s stock.
POST stock traded down $0.28 during mid-day trading on Wednesday, hitting $107.32. The company had a trading volume of 47,557 shares, compared to its average volume of 614,164. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 3.09 and a beta of 0.23. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.08 and a current ratio of 1.93. Post Holdings Inc has a 12 month low of $75.51 and a 12 month high of $113.73.
Post (NYSE:POST) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.13 by $0.15. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Post had a net margin of 4.15% and a return on equity of 10.94%. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Analysts forecast that Post Holdings Inc will post 5.05 earnings per share for the current year.
A number of research firms recently weighed in on POST. Zacks Investment Research raised shares of Post from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a research report on Thursday, April 4th. Wells Fargo & Co reissued a “buy” rating on shares of Post in a research report on Wednesday, May 8th. SunTrust Banks raised their price target on shares of Post to $115.00 and gave the company a “buy” rating in a research report on Monday, February 4th. Goldman Sachs Group raised shares of Post from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $107.00 to $134.00 in a research report on Monday, May 6th. Finally, Piper Jaffray Companies lowered shares of Post from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $115.00 to $109.00 in a research report on Thursday, January 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $117.90.
Post Company Profile
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.
Further Reading: Cash Asset Ratio
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