Post Holdings, Inc. (NYSE:POST) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp boosted its stake in shares of Post Holdings, Inc. (NYSE:POST) by 13.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 49,916 shares of the company’s stock after purchasing an additional 5,996 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Post were worth $5,199,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in POST. Victory Capital Management Inc. boosted its stake in Post by 19.7% during the fourth quarter. Victory Capital Management Inc. now owns 10,653 shares of the company’s stock worth $938,000 after buying an additional 1,750 shares during the last quarter. M&T Bank Corp boosted its stake in Post by 4.9% during the fourth quarter. M&T Bank Corp now owns 3,139 shares of the company’s stock worth $277,000 after buying an additional 146 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Post by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 335,625 shares of the company’s stock worth $29,555,000 after buying an additional 4,439 shares during the last quarter. Principal Securities Inc. acquired a new position in Post during the fourth quarter worth $93,000. Finally, BNP Paribas Financial Markets boosted its stake in Post by 82.1% during the fourth quarter. BNP Paribas Financial Markets now owns 109,762 shares of the company’s stock worth $9,666,000 after buying an additional 49,471 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Insider Activity at Post

In other news, Director Thomas C. Erb acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average price of $112.94 per share, for a total transaction of $225,880.00. Following the acquisition, the director now owns 35,475 shares of the company’s stock, valued at $4,006,546.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 10.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on POST shares. JPMorgan Chase & Co. boosted their price objective on Post from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Evercore ISI lifted their target price on Post from $122.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Stifel Nicolaus lifted their target price on Post from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company lifted their target price on Post from $108.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.33.

Post Price Performance

POST stock opened at $114.42 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.12 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $6.93 billion, a PE ratio of 21.92 and a beta of 0.63. Post Holdings, Inc. has a 12-month low of $78.85 and a 12-month high of $118.96. The business’s fifty day moving average price is $111.75 and its 200 day moving average price is $106.86.

Post (NYSE:POST) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.33. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.02 billion. Post had a return on equity of 10.91% and a net margin of 4.46%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 EPS. On average, sell-side analysts anticipate that Post Holdings, Inc. will post 5.95 EPS for the current year.

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.