Meyer Handelman Co. Takes Position in Post Holdings, Inc. (NYSE:POST)

Meyer Handelman Co. bought a new stake in shares of Post Holdings, Inc. (NYSE:POST) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,500 shares of the company’s stock, valued at approximately $1,010,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in shares of Post by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,002,286 shares of the company’s stock valued at $264,382,000 after acquiring an additional 249,155 shares during the period. Wellington Management Group LLP lifted its stake in shares of Post by 14.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,634,146 shares of the company’s stock valued at $140,112,000 after buying an additional 209,111 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of Post by 0.8% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,095,572 shares of the company’s stock valued at $96,476,000 after buying an additional 8,939 shares in the last quarter. Armistice Capital LLC lifted its stake in shares of Post by 5.0% during the 3rd quarter. Armistice Capital LLC now owns 533,634 shares of the company’s stock valued at $45,754,000 after buying an additional 25,224 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Post by 0.9% during the 4th quarter. Raymond James & Associates now owns 399,943 shares of the company’s stock valued at $35,219,000 after buying an additional 3,580 shares in the last quarter. 94.85% of the stock is owned by institutional investors.

Post Stock Performance

NYSE POST opened at $103.99 on Friday. Post Holdings, Inc. has a 1 year low of $78.85 and a 1 year high of $108.17. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.16 and a quick ratio of 1.20. The stock has a market capitalization of $6.30 billion, a PE ratio of 19.92 and a beta of 0.63. The company’s 50 day simple moving average is $104.46 and its two-hundred day simple moving average is $100.27.

Post (NYSE:POST) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.22. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Post had a net margin of 4.38% and a return on equity of 10.93%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. Analysts predict that Post Holdings, Inc. will post 5.61 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert E. Grote sold 16,845 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $104.58, for a total transaction of $1,761,650.10. Following the sale, the director now owns 4,400 shares in the company, valued at approximately $460,152. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Robert E. Grote sold 16,845 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $104.58, for a total transaction of $1,761,650.10. Following the transaction, the director now owns 4,400 shares of the company’s stock, valued at approximately $460,152. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Nicolas Catoggio sold 1,500 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $105.62, for a total transaction of $158,430.00. Following the transaction, the chief executive officer now directly owns 73,492 shares in the company, valued at approximately $7,762,225.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,345 shares of company stock worth $2,344,320. 10.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

POST has been the topic of a number of recent research reports. Evercore ISI upped their price target on shares of Post from $118.00 to $122.00 and gave the company an “outperform” rating in a research note on Monday, May 6th. Barclays upped their price target on shares of Post from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Finally, Stifel Nicolaus increased their target price on shares of Post from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Post has an average rating of “Moderate Buy” and an average price target of $113.67.

Post 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.