Rhumbline Advisers Sells 2,816 Shares of Post Holdings, Inc. $POST

Rhumbline Advisers lessened its holdings in Post Holdings, Inc. (NYSE:POST) by 2.2% in the second quarter, Holdings Channel reports. The firm owned 126,873 shares of the company’s stock after selling 2,816 shares during the period. Rhumbline Advisers’ holdings in Post were worth $13,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Brooklyn Investment Group raised its stake in shares of Post by 232.1% during the 1st quarter. Brooklyn Investment Group now owns 279 shares of the company’s stock worth $32,000 after purchasing an additional 195 shares during the period. Byrne Asset Management LLC purchased a new stake in Post during the second quarter worth about $52,000. Signaturefd LLC raised its position in Post by 131.1% in the second quarter. Signaturefd LLC now owns 550 shares of the company’s stock worth $60,000 after acquiring an additional 312 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Post by 39.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 570 shares of the company’s stock valued at $62,000 after acquiring an additional 160 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Post by 17.7% during the 2nd quarter. Parallel Advisors LLC now owns 844 shares of the company’s stock valued at $92,000 after acquiring an additional 127 shares during the period. 94.85% of the stock is owned by hedge funds and other institutional investors.

Post Trading Up 1.2%

NYSE:POST opened at $104.03 on Friday. Post Holdings, Inc. has a 1 year low of $96.34 and a 1 year high of $125.84. The stock’s fifty day moving average price is $105.69 and its two-hundred day moving average price is $107.57. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.84. The company has a market cap of $5.43 billion, a P/E ratio of 17.69 and a beta of 0.49.

Post (NYSE:POST) last released its quarterly earnings data on Thursday, November 20th. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.20. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.25 billion. Post had a return on equity of 10.80% and a net margin of 4.62%.The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.53 EPS. As a group, analysts expect that Post Holdings, Inc. will post 6.41 EPS for the current year.

Post declared that its Board of Directors has approved a stock repurchase plan on Friday, August 29th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on POST. Evercore ISI lowered their price target on shares of Post from $131.00 to $129.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Barclays decreased their target price on Post from $125.00 to $113.00 and set an “overweight” rating for the company in a research report on Tuesday. Wall Street Zen cut Post from a “buy” rating to a “hold” rating in a research report on Sunday, November 23rd. Zacks Research downgraded Post from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Wells Fargo & Company decreased their price objective on Post from $115.00 to $108.00 and set an “equal weight” rating for the company in a report on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.50.

Insider Buying and Selling at Post

In related news, Director David W. Kemper purchased 1,800 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were purchased at an average cost of $97.93 per share, for a total transaction of $176,274.00. Following the completion of the transaction, the director directly owned 31,522 shares in the company, valued at approximately $3,086,949.46. This represents a 6.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 11.40% of the stock is currently owned by corporate insiders.

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.