Louisiana State Employees Retirement System Sells 300 Shares of Post Holdings, Inc. (NYSE:POST)

Louisiana State Employees Retirement System lowered its position in shares of Post Holdings, Inc. (NYSE:POST) by 2.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,200 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Post were worth $1,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of POST. Opal Wealth Advisors LLC bought a new stake in shares of Post during the second quarter worth about $27,000. GAMMA Investing LLC acquired a new position in shares of Post during the fourth quarter worth $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of Post in the first quarter valued at about $29,000. TFO Wealth Partners LLC raised its position in shares of Post by 9,966.7% during the fourth quarter. TFO Wealth Partners LLC now owns 302 shares of the company’s stock worth $264,000 after acquiring an additional 299 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Post by 487.0% in the fourth quarter. Parallel Advisors LLC now owns 317 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Insiders Place Their Bets

In related news, Director Thomas C. Erb bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of $112.94 per share, with a total value of $225,880.00. Following the completion of the transaction, the director now directly owns 35,475 shares in the company, valued at $4,006,546.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Gregory L. Curl sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $106.06, for a total value of $424,240.00. Following the transaction, the director now owns 21,181 shares in the company, valued at approximately $2,246,456.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas C. Erb purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $112.94 per share, with a total value of $225,880.00. Following the completion of the transaction, the director now directly owns 35,475 shares of the company’s stock, valued at approximately $4,006,546.50. The disclosure for this purchase can be found here. Corporate insiders own 10.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on POST shares. Barclays raised their price target on shares of Post from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Wells Fargo & Company boosted their target price on shares of Post from $108.00 to $120.00 and gave the company 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 stock a “buy” rating in a research report on Monday, August 5th. Evercore ISI upped their target price on Post from $122.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on Post from $118.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $124.33.

Post Stock Performance

NYSE POST opened at $116.63 on Monday. The company has a market cap of $7.07 billion, a P/E ratio of 22.34 and a beta of 0.64. The company has a fifty day simple moving average of $108.47 and a 200 day simple moving average of $105.88. The company has a current ratio of 2.05, a quick ratio of 1.12 and a debt-to-equity ratio of 1.62. Post Holdings, Inc. has a 12-month low of $78.85 and a 12-month high of $116.82.

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

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.