Post Holdings, Inc. (NYSE:POST) Shares Acquired by Argent Trust Co

Argent Trust Co increased its position in shares of Post Holdings, Inc. (NYSE:POST) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,367 shares of the company’s stock after purchasing an additional 199 shares during the period. Argent Trust Co’s holdings in Post were worth $351,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. BOKF NA increased its stake in Post by 1.7% in the first quarter. BOKF NA now owns 5,826 shares of the company’s stock valued at $614,000 after purchasing an additional 97 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Post by 2.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 5,002 shares of the company’s stock worth $521,000 after acquiring an additional 117 shares in the last quarter. CarsonAllaria Wealth Management Ltd. raised its stake in Post by 12.8% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,233 shares of the company’s stock worth $128,000 after acquiring an additional 140 shares in the last quarter. Cetera Advisors LLC lifted its position in Post by 0.7% in the first quarter. Cetera Advisors LLC now owns 23,099 shares of the company’s stock valued at $2,455,000 after acquiring an additional 158 shares during the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of Post by 1.6% during the first quarter. State of Michigan Retirement System now owns 12,347 shares of the company’s stock worth $1,312,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Post Price Performance

Shares of NYSE POST opened at $114.48 on Friday. The stock has a fifty day moving average price of $113.10 and a 200 day moving average price of $107.36. Post Holdings, Inc. has a 1-year low of $78.85 and a 1-year high of $118.96. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.05 and a quick ratio of 1.12. The company has a market cap of $6.69 billion, a PE ratio of 21.93 and a beta of 0.63.

Post (NYSE:POST) last released its earnings results on Thursday, August 1st. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.21 by $0.33. Post had a net margin of 4.46% and a return on equity of 10.91%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the business earned $1.52 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Post Holdings, Inc. will post 5.95 EPS for the current year.

Insider Activity at Post

In other Post news, Director Thomas C. Erb bought 2,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of $112.94 per share, for a total transaction of $225,880.00. Following the transaction, the director now 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 is available at this hyperlink. 10.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on POST. Wells Fargo & Company upped 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. Stifel Nicolaus raised their target price on shares of Post from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Evercore ISI lifted their target price on shares of Post from $122.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price target 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 given a buy rating to the stock. According to data from MarketBeat, Post currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.33.

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.