Post Holdings, Inc. (NYSE:POST) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in shares of Post Holdings, Inc. (NYSE:POST) by 32.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,070 shares of the company’s stock after selling 9,129 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Post were worth $1,986,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Post during the second quarter worth about $27,000. Parallel Advisors LLC increased its stake in Post by 487.0% during the fourth quarter. Parallel Advisors LLC now owns 317 shares of the company’s stock worth $28,000 after purchasing an additional 263 shares during the period. New Covenant Trust Company N.A. purchased a new stake in Post during the first quarter worth about $29,000. Bessemer Group Inc. increased its stake in Post by 263.8% during the first quarter. Bessemer Group Inc. now owns 342 shares of the company’s stock worth $36,000 after purchasing an additional 248 shares during the period. Finally, Versant Capital Management Inc increased its stake in Post by 5,283.3% during the second quarter. Versant Capital Management Inc now owns 646 shares of the company’s stock worth $67,000 after purchasing an additional 634 shares during the period. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Post

In other Post news, Director Thomas C. Erb purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $112.94 per share, with a total value of $225,880.00. Following the completion of the acquisition, the director now directly owns 35,475 shares of the company’s stock, valued at approximately $4,006,546.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.70% of the stock is currently owned by corporate insiders.

Post Stock Performance

Shares of POST opened at $114.48 on Friday. The stock has a 50 day moving average price of $113.10 and a 200 day moving average price of $107.36. The company has a quick ratio of 1.12, a current ratio of 2.05 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 21.93 and a beta of 0.63. Post Holdings, Inc. has a 52-week low of $78.85 and a 52-week high of $118.96.

Post (NYSE:POST) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.33. The firm had revenue of $1.95 billion during 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 firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 earnings per share. Research analysts predict that Post Holdings, Inc. will post 5.95 EPS for the current fiscal year.

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.