Crossmark Global Holdings Inc. Sells 408 Shares of Post Holdings, Inc. (NYSE:POST)

Crossmark Global Holdings Inc. cut its stake in Post Holdings, Inc. (NYSE:POST) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,352 shares of the company’s stock after selling 408 shares during the period. Crossmark Global Holdings Inc.’s holdings in Post were worth $349,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of POST. GAMMA Investing LLC bought a new stake in Post in the 4th quarter valued at $25,000. Atria Wealth Solutions Inc. bought a new position in shares of Post during the 4th quarter worth about $226,000. Russell Investments Group Ltd. lifted its holdings in shares of Post by 7.5% during the 4th quarter. Russell Investments Group Ltd. now owns 47,427 shares of the company’s stock worth $4,176,000 after acquiring an additional 3,297 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Post by 19.7% during the 4th quarter. Victory Capital Management Inc. now owns 10,653 shares of the company’s stock worth $938,000 after acquiring an additional 1,750 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Post by 4.9% during the 4th quarter. M&T Bank Corp now owns 3,139 shares of the company’s stock worth $277,000 after acquiring an additional 146 shares during the period. 94.85% of the stock is owned by institutional investors.

Post Trading Up 1.0 %

Shares of Post stock opened at $116.91 on Wednesday. The stock has a market capitalization of $7.08 billion, a P/E ratio of 22.40 and a beta of 0.64. 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 50-day simple moving average of $110.26 and a 200 day simple moving average of $106.41. Post Holdings, Inc. has a 12-month low of $78.85 and a 12-month high of $117.24.

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

Insider Transactions at Post

In other news, Director Thomas C. Erb acquired 2,000 shares of Post stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $112.94 per share, with a total value of $225,880.00. Following the purchase, the director now directly owns 35,475 shares of the company’s stock, valued at $4,006,546.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on POST shares. Stifel Nicolaus raised their price objective on shares of Post from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Barclays raised their price objective on shares of Post from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. raised their price objective on shares of Post from $118.00 to $125.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Evercore ISI raised their price objective on shares of Post from $122.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company increased their target price on shares of Post from $108.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.33.

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.