Louisiana State Employees Retirement System Has $1.52 Million Stake in Post Holdings, Inc. (NYSE:POST)

Louisiana State Employees Retirement System lowered its stake in shares of Post Holdings, Inc. (NYSE:POST) by 7.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,100 shares of the company’s stock after selling 1,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Post were worth $1,516,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new position in Post in the 3rd quarter valued at approximately $2,190,000. Allspring Global Investments Holdings LLC raised its stake in shares of Post by 901.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 179,222 shares of the company’s stock valued at $20,745,000 after purchasing an additional 161,334 shares in the last quarter. Blue Trust Inc. lifted its position in Post by 382.1% in the third quarter. Blue Trust Inc. now owns 1,080 shares of the company’s stock worth $125,000 after purchasing an additional 856 shares during the period. V Square Quantitative Management LLC acquired a new stake in Post during the third quarter worth $27,000. Finally, Kapitalo Investimentos Ltda increased its holdings in Post by 15.6% in the 3rd quarter. Kapitalo Investimentos Ltda now owns 2,496 shares of the company’s stock valued at $289,000 after buying an additional 336 shares during the period. Institutional investors own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Post Stock Down 0.2 %

Shares of NYSE POST opened at $109.21 on Friday. Post Holdings, Inc. has a 12-month low of $79.78 and a 12-month high of $118.96. The firm’s 50-day simple moving average is $114.65 and its 200 day simple moving average is $109.33. 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 cap of $6.38 billion, a price-to-earnings ratio of 20.34 and a beta of 0.63.

Post (NYSE:POST) last announced its earnings results on Thursday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.33. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.02 billion. Post had a net margin of 4.46% and a return on equity of 10.91%. Post’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 earnings per share. On average, research analysts expect that Post Holdings, Inc. will post 5.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Thomas C. Erb acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost 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. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.70% of the stock is currently owned by corporate insiders.

Post Company 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.