Virginia Retirement Systems ET AL acquired a new stake in Post Holdings Inc. (NYSE:POST) during the second quarter, Holdings Channel reports. The firm acquired 3,800 shares of the company’s stock, valued at approximately $314,000.
A number of other large investors have also recently made changes to their positions in POST. Anderson Hoagland & Co. purchased a new stake in shares of Post Holdings during the second quarter valued at $215,000. Private Trust Co. NA bought a new position in Post Holdings during the second quarter worth $230,000. Garrison Financial Corp bought a new position in Post Holdings during the second quarter worth $231,000. Dynamic Technology Lab Private Ltd bought a new position in Post Holdings during the second quarter worth $246,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Post Holdings during the second quarter worth $248,000.
Post Holdings Inc. (NYSE:POST) opened at 79.96 on Monday. Post Holdings Inc. has a one year low of $50.93 and a one year high of $89.00. The stock’s market cap is $5.17 billion. The stock’s 50 day moving average price is $81.68 and its 200 day moving average price is $78.36.
Post Holdings (NYSE:POST) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Post Holdings had a positive return on equity of 5.44% and a negative net margin of 0.76%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. Equities analysts predict that Post Holdings Inc. will post $2.46 earnings per share for the current fiscal year.
A number of research firms have weighed in on POST. Zacks Investment Research lowered Post Holdings from a “buy” rating to a “hold” rating in a report on Saturday. BMO Capital Markets lowered Post Holdings from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $90.00 to $83.00 in a report on Wednesday, September 21st. They noted that the move was a valuation call. Pivotal Research reduced their target price on Post Holdings from $105.00 to $90.00 and set a “buy” rating for the company in a report on Monday, July 25th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Post Holdings in a report on Friday, July 15th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $86.00.
In other news, CEO Richard R. Koulouris sold 21,942 shares of the company’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $85.33, for a total transaction of $1,872,310.86. Following the transaction, the chief executive officer now directly owns 28,334 shares of the company’s stock, valued at $2,417,740.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.
Post Holdings Company Profile
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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