New York Life Investment Management LLC Boosts Stake in Post Holdings, Inc. (NYSE:POST)

New York Life Investment Management LLC raised its stake in shares of Post Holdings, Inc. (NYSE:POSTFree Report) by 91.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,933 shares of the company’s stock after acquiring an additional 3,321 shares during the period. New York Life Investment Management LLC’s holdings in Post were worth $594,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Moneta Group Investment Advisors LLC increased its position in shares of Post by 98,990.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,108,952 shares of the company’s stock valued at $551,394,000 after acquiring an additional 6,102,787 shares during the last quarter. Route One Investment Company L.P. increased its position in shares of Post by 1.9% during the second quarter. Route One Investment Company L.P. now owns 5,174,290 shares of the company’s stock valued at $448,352,000 after acquiring an additional 97,317 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Post by 2.3% in the second quarter. BlackRock Inc. now owns 4,900,923 shares of the company’s stock valued at $424,665,000 after purchasing an additional 109,102 shares in the last quarter. Clarkston Capital Partners LLC grew its holdings in shares of Post by 12.8% in the third quarter. Clarkston Capital Partners LLC now owns 3,396,881 shares of the company’s stock valued at $291,249,000 after purchasing an additional 385,640 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Post by 3.1% in the second quarter. JPMorgan Chase & Co. now owns 2,920,687 shares of the company’s stock valued at $253,078,000 after purchasing an additional 87,331 shares in the last quarter. 91.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Post

In other news, Director Ellen F. Harshman sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $87.09, for a total transaction of $43,545.00. Following the completion of the sale, the director now owns 9,272 shares in the company, valued at approximately $807,498.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Ellen F. Harshman sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $87.09, for a total transaction of $43,545.00. Following the completion of the sale, the director now owns 9,272 shares in the company, valued at approximately $807,498.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dorothy M. Burwell sold 700 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $84.22, for a total transaction of $58,954.00. Following the sale, the director now owns 3,765 shares of the company’s stock, valued at approximately $317,088.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,700 shares of company stock worth $659,914. 10.70% of the stock is currently owned by insiders.

Post Trading Up 2.1 %

NYSE POST opened at $106.48 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.99 and a debt-to-equity ratio of 1.60. Post Holdings, Inc. has a 52 week low of $78.85 and a 52 week high of $106.62. The stock has a market capitalization of $6.46 billion, a PE ratio of 22.85 and a beta of 0.65. The firm has a 50 day moving average of $91.65 and a two-hundred day moving average of $87.72.

Post (NYSE:POSTGet Free Report) last issued its quarterly earnings data on Thursday, November 16th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.25. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.95 billion. Post had a net margin of 4.03% and a return on equity of 10.51%. As a group, research analysts expect that Post Holdings, Inc. will post 5.44 EPS for the current fiscal year.

Analysts Set New Price Targets

POST has been the subject of a number of research reports. Mizuho lifted their price objective on shares of Post from $110.00 to $128.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus lifted their price objective on shares of Post from $98.00 to $115.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company initiated coverage on shares of Post in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $92.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Post in a report on Friday, October 13th. They issued an “overweight” rating and a $100.00 price objective for the company. Finally, Barclays lifted their price objective on shares of Post from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $109.67.

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About Post

(Free Report)

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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Institutional Ownership by Quarter for Post (NYSE:POST)

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