Public Employees Retirement System of Ohio Raises Stake in Post Holdings, Inc. $POST

Public Employees Retirement System of Ohio lifted its holdings in shares of Post Holdings, Inc. (NYSE:POST) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,614 shares of the company’s stock after purchasing an additional 305 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.11% of Post worth $6,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of POST. Park Avenue Securities LLC grew its stake in Post by 5.0% during the 2nd quarter. Park Avenue Securities LLC now owns 7,695 shares of the company’s stock worth $839,000 after purchasing an additional 364 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Post by 11,336.7% during the second quarter. Farther Finance Advisors LLC now owns 5,604 shares of the company’s stock worth $611,000 after buying an additional 5,555 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Post by 16.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,195 shares of the company’s stock worth $565,000 after buying an additional 731 shares during the period. Byrne Asset Management LLC acquired a new stake in Post in the second quarter valued at approximately $52,000. Finally, Parallel Advisors LLC lifted its stake in Post by 17.7% in the second quarter. Parallel Advisors LLC now owns 844 shares of the company’s stock worth $92,000 after acquiring an additional 127 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Post

In other Post news, Director William P. Stiritz bought 36,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $109.53 per share, for a total transaction of $3,943,080.00. Following the completion of the purchase, the director owned 4,334,667 shares of the company’s stock, valued at approximately $474,776,076.51. This represents a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Zacks Research downgraded shares of Post from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Evercore ISI increased their target price on Post from $130.00 to $131.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Wells Fargo & Company decreased their price target on Post from $117.00 to $115.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. increased their price objective on Post from $122.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Finally, Piper Sandler raised their target price on Post from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 11th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Post has an average rating of “Moderate Buy” and a consensus target price of $130.80.

Post Stock Performance

Shares of POST stock opened at $105.84 on Monday. The stock’s 50-day moving average is $107.35 and its two-hundred day moving average is $110.08. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.84 and a current ratio of 2.60. Post Holdings, Inc. has a 1 year low of $101.05 and a 1 year high of $125.84. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 18.00 and a beta of 0.51.

Post (NYSE:POST) last announced its earnings results on Thursday, August 7th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.36. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Post had a return on equity of 10.80% and a net margin of 4.62%.The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 EPS. Analysts predict that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Post declared that its Board of Directors has approved a share buyback program on Friday, August 29th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Post Company 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.