State of New Jersey Common Pension Fund D Decreases Stock Position in Post Holdings, Inc. (NYSE:POST)

State of New Jersey Common Pension Fund D lessened its stake in Post Holdings, Inc. (NYSE:POSTGet Rating) by 13.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,772 shares of the company’s stock after selling 4,414 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Post were worth $1,993,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Everett Harris & Co. CA raised its position in shares of Post by 2.0% in the 4th quarter. Everett Harris & Co. CA now owns 5,557 shares of the company’s stock valued at $626,000 after purchasing an additional 111 shares in the last quarter. CWM LLC raised its position in shares of Post by 11.4% in the 1st quarter. CWM LLC now owns 1,353 shares of the company’s stock valued at $94,000 after purchasing an additional 139 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Post by 6.3% in the 4th quarter. CIBC Asset Management Inc now owns 2,878 shares of the company’s stock valued at $324,000 after purchasing an additional 171 shares in the last quarter. IndexIQ Advisors LLC raised its position in shares of Post by 23.4% in the 4th quarter. IndexIQ Advisors LLC now owns 1,088 shares of the company’s stock valued at $123,000 after purchasing an additional 206 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Post by 0.8% in the 1st quarter. Comerica Bank now owns 27,585 shares of the company’s stock valued at $2,121,000 after purchasing an additional 214 shares in the last quarter. 90.62% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Thomas C. Erb bought 12,400 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were purchased at an average cost of $81.26 per share, with a total value of $1,007,624.00. Following the completion of the transaction, the director now directly owns 22,075 shares of the company’s stock, valued at $1,793,814.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Gregory L. Curl sold 4,000 shares of the stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $82.11, for a total value of $328,440.00. Following the completion of the transaction, the director now owns 15,907 shares of the company’s stock, valued at $1,306,123.77. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas C. Erb purchased 12,400 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was acquired at an average cost of $81.26 per share, with a total value of $1,007,624.00. Following the purchase, the director now owns 22,075 shares of the company’s stock, valued at approximately $1,793,814.50. The disclosure for this purchase can be found here. Insiders have sold 9,250 shares of company stock valued at $743,390 over the last three months. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

POST has been the topic of several research reports. TheStreet raised Post from a “c” rating to a “b” rating in a research report on Friday, May 6th. Piper Sandler upped their price target on Post from $84.00 to $96.00 in a research report on Monday, May 9th. Finally, Citigroup initiated coverage on Post in a research report on Monday, May 9th. They set a “buy” rating and a $92.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.75.

Post Price Performance

Shares of NYSE POST opened at $87.65 on Friday. Post Holdings, Inc. has a 1-year low of $62.83 and a 1-year high of $89.06. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.60 and a quick ratio of 1.95. The business’s fifty day moving average price is $82.29 and its two-hundred day moving average price is $85.34. The firm has a market capitalization of $5.32 billion, a PE ratio of 11.55 and a beta of 0.61.

Post (NYSE:POSTGet Rating) last issued its earnings results on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. Post had a return on equity of 4.19% and a net margin of 7.54%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, research analysts expect that Post Holdings, Inc. will post 1.37 EPS for the current year.

Post Profile

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Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through five segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.

Further Reading

Institutional Ownership by Quarter for Post (NYSE:POST)

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