State of Alaska Department of Revenue Sells 285 Shares of Post Holdings, Inc. $POST

State of Alaska Department of Revenue lowered its holdings in shares of Post Holdings, Inc. (NYSE:POST) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,075 shares of the company’s stock after selling 285 shares during the period. State of Alaska Department of Revenue’s holdings in Post were worth $553,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Aviso Financial Inc. raised its holdings in Post by 1.0% during the 1st quarter. Aviso Financial Inc. now owns 10,270 shares of the company’s stock worth $1,195,000 after purchasing an additional 100 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Post by 17.7% in the 2nd quarter. Parallel Advisors LLC now owns 844 shares of the company’s stock valued at $92,000 after purchasing an additional 127 shares during the period. Sequoia Financial Advisors LLC boosted its position in Post by 2.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 4,960 shares of the company’s stock worth $577,000 after acquiring an additional 133 shares during the last quarter. Xponance Inc. boosted its position in Post by 3.2% during the 1st quarter. Xponance Inc. now owns 5,608 shares of the company’s stock worth $653,000 after acquiring an additional 174 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Post by 27.3% during the 1st quarter. Fifth Third Bancorp now owns 829 shares of the company’s stock worth $96,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Insider Activity at Post

In other news, Director William P. Stiritz purchased 36,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $109.53 per share, with a total value of $3,943,080.00. Following the transaction, the director directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.40% of the stock is owned by corporate insiders.

Post Stock Down 1.0%

Shares of NYSE:POST opened at $106.62 on Thursday. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 18.13 and a beta of 0.49. The company has a quick ratio of 1.84, a current ratio of 2.60 and a debt-to-equity ratio of 1.83. Post Holdings, Inc. has a 12-month low of $101.05 and a 12-month high of $125.84. The business’s 50 day moving average is $107.32 and its 200 day moving average is $109.83.

Post (NYSE:POST) last posted its quarterly earnings data on Thursday, August 7th. The company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.36. Post had a return on equity of 10.80% and a net margin of 4.62%.The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Post declared that its Board of Directors has approved a share repurchase plan on Friday, August 29th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

POST has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Post in a research note on Wednesday. Wells Fargo & Company reduced their target price on Post from $117.00 to $115.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. raised their price objective on Post from $122.00 to $131.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Wall Street Zen raised Post from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Zacks Research downgraded Post from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.80.

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.