Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Post Holdings, Inc. (NYSE:POST – Free Report) by 6.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 11,596 shares of the company’s stock after acquiring an additional 660 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Post were worth $1,264,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Post during the 1st quarter valued at $34,528,000. Vanguard Group Inc. increased its position in Post by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 5,418,085 shares of the company’s stock valued at $630,448,000 after buying an additional 277,786 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in Post by 26.4% in the first quarter. Epoch Investment Partners Inc. now owns 915,487 shares of the company’s stock valued at $106,526,000 after buying an additional 191,081 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Post by 27.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 511,398 shares of the company’s stock worth $59,506,000 after acquiring an additional 109,126 shares in the last quarter. Finally, Clarkston Capital Partners LLC grew its stake in shares of Post by 3.2% during the first quarter. Clarkston Capital Partners LLC now owns 3,364,510 shares of the company’s stock worth $391,494,000 after acquiring an additional 105,325 shares during the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.
Post Stock Performance
Shares of NYSE POST opened at $99.01 on Friday. The company has a 50 day simple moving average of $105.84 and a two-hundred day simple moving average of $107.86. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 16.84 and a beta of 0.49. The company has a current ratio of 2.60, a quick ratio of 1.84 and a debt-to-equity ratio of 1.83. Post Holdings, Inc. has a 12 month low of $98.90 and a 12 month high of $125.84.
Post announced that its board has approved a share buyback plan on Friday, August 29th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Wall Street Analyst Weigh In
POST has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Post from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Wall Street Zen lowered shares of Post from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Research downgraded shares of Post from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Wells Fargo & Company dropped their price objective on shares of Post from $117.00 to $115.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Post in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.00.
Read Our Latest Report on Post
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.
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