Summit Investment Advisors Inc. Cuts Stake in Post Holdings, Inc. $POST

Summit Investment Advisors Inc. lessened its stake in Post Holdings, Inc. (NYSE:POST) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,002 shares of the company’s stock after selling 481 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Post were worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group increased its stake in Post by 232.1% during the 1st quarter. Brooklyn Investment Group now owns 279 shares of the company’s stock valued at $32,000 after purchasing an additional 195 shares in the last quarter. Millstone Evans Group LLC grew its holdings in shares of Post by 167.2% during the first quarter. Millstone Evans Group LLC now owns 358 shares of the company’s stock valued at $42,000 after buying an additional 224 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of Post during the second quarter valued at approximately $52,000. Signaturefd LLC raised its holdings in Post by 131.1% in the 2nd quarter. Signaturefd LLC now owns 550 shares of the company’s stock worth $60,000 after acquiring an additional 312 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Post by 17.7% in 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 in the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

POST has been the topic of a number of research analyst reports. Zacks Research downgraded Post from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Post in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Post from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Wells Fargo & Company cut their target price on shares of Post from $117.00 to $115.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, Wall Street Zen lowered shares of Post from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

Post Price Performance

Shares of NYSE:POST opened at $106.65 on Thursday. The company has a quick ratio of 1.84, a current ratio of 2.60 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $5.79 billion, a PE ratio of 18.14 and a beta of 0.49. The firm’s 50 day moving average price is $105.95 and its 200-day moving average price is $108.21. Post Holdings, Inc. has a twelve month low of $100.44 and a twelve month high of $125.84.

Post declared that its Board of Directors has approved a share buyback program on Friday, August 29th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Post news, Director William P. Stiritz purchased 36,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $109.53 per share, for a total transaction of $3,943,080.00. Following the purchase, the director directly owned 4,334,667 shares of the company’s stock, valued at $474,776,076.51. The trade was a 0.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.40% of the company’s stock.

About Post

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.