Country Trust Bank raised its position in Post Holdings Inc (NYSE:POST) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 280,672 shares of the company’s stock after acquiring an additional 12,148 shares during the period. Post makes up approximately 1.4% of Country Trust Bank’s holdings, making the stock its 23rd biggest holding. Country Trust Bank owned 0.42% of Post worth $30,706,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund raised its holdings in shares of Post by 8,813.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,290,017 shares of the company’s stock worth $26,000 after buying an additional 2,264,324 shares during the last quarter. JOYN Advisors Inc. raised its holdings in shares of Post by 93.4% in the fourth quarter. JOYN Advisors Inc. now owns 468 shares of the company’s stock worth $42,000 after buying an additional 226 shares during the last quarter. Doyle Wealth Management purchased a new position in shares of Post in the fourth quarter worth $74,000. North Star Investment Management Corp. raised its holdings in shares of Post by 1,283.3% in the first quarter. North Star Investment Management Corp. now owns 830 shares of the company’s stock worth $91,000 after buying an additional 770 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Post by 331.9% in the fourth quarter. Meeder Asset Management Inc. now owns 1,287 shares of the company’s stock worth $115,000 after buying an additional 989 shares during the last quarter.
In related news, Director Edwin H. Callison purchased 280 shares of Post stock in a transaction dated Monday, February 11th. The shares were acquired at an average cost of $100.56 per share, with a total value of $28,156.80. Following the purchase, the director now owns 8,700 shares of the company’s stock, valued at $874,872. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William P. Stiritz purchased 134,059 shares of Post stock in a transaction dated Wednesday, February 6th. The stock was bought at an average cost of $96.71 per share, for a total transaction of $12,964,845.89. Following the completion of the purchase, the director now directly owns 2,659,862 shares in the company, valued at approximately $257,235,254.02. The disclosure for this purchase can be found here. Insiders have acquired 170,094 shares of company stock worth $16,488,054 over the last ninety days. 8.10% of the stock is owned by insiders.
Several research analysts recently issued reports on POST shares. Wells Fargo & Co raised their target price on shares of Post from $114.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, February 4th. SunTrust Banks raised their target price on shares of Post to $115.00 and gave the stock a “buy” rating in a report on Monday, February 4th. Zacks Investment Research cut shares of Post from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st. Finally, Piper Jaffray Companies cut shares of Post from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $115.00 to $109.00 in a report on Thursday, January 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $115.63.
POST traded down $1.82 on Wednesday, reaching $109.55. 2,052 shares of the company’s stock were exchanged, compared to its average volume of 475,940. The firm has a market capitalization of $7.33 billion, a PE ratio of 26.98, a PEG ratio of 3.71 and a beta of 0.23. Post Holdings Inc has a twelve month low of $73.58 and a twelve month high of $112.06. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 2.01.
Post (NYSE:POST) last posted its quarterly earnings results on Thursday, January 31st. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. Post had a net margin of 4.78% and a return on equity of 10.53%. As a group, analysts predict that Post Holdings Inc will post 5 earnings per share for the current fiscal year.
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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.
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