VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Post Holdings, Inc. $POST

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Post Holdings, Inc. (NYSE:POST) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 17,600 shares of the company’s stock, valued at approximately $1,553,000.

Several other large investors have also made changes to their positions in the company. Larson Financial Group LLC increased its holdings in Post by 62.8% in the fourth quarter. Larson Financial Group LLC now owns 267 shares of the company’s stock worth $26,000 after buying an additional 103 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Post in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. grew its position in Post by 119.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the company’s stock worth $27,000 after acquiring an additional 135 shares in the last quarter. Summit Securities Group LLC bought a new stake in Post in the first quarter worth approximately $28,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Post during the 4th quarter worth $59,000. Institutional investors own 94.85% of the company’s stock.

Key Post News

Here are the key news stories impacting Post this week:

• Neutral Sentiment: No material earnings release, guidance update, acquisition announcement, or analyst action involving Post Holdings was identified in the latest articles. Post Holdings stock quote
• Negative Sentiment: The stock remains under pressure following the company’s latest reported quarter, when earnings per share exceeded estimates but revenue fell short of expectations and declined 1.8% year over year. The weaker sales trend may be outweighing the earnings beat.
• Negative Sentiment: Post Holdings is trading below both its 50-day and 200-day moving averages, signaling continued technical weakness and potentially limiting investor appetite in the absence of a fresh positive catalyst.

Insiders Place Their Bets

In other Post news, Chairman William P. Stiritz sold 277,935 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $84.23, for a total transaction of $23,410,465.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on POST. Barclays cut their price target on shares of Post from $106.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Evercore set a $121.00 target price on shares of Post in a research report on Monday, August 10th. Weiss Ratings lowered Post from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, August 17th. Wells Fargo & Company reduced their price target on Post from $98.00 to $86.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. Finally, Jefferies Financial Group set a $117.00 price target on Post in a research note on Monday, July 27th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.00.

Post Trading Down 0.1%

NYSE:POST opened at $80.19 on Friday. The company’s 50 day moving average is $85.09 and its 200-day moving average is $93.55. The company has a quick ratio of 0.99, a current ratio of 1.85 and a debt-to-equity ratio of 2.47. Post Holdings, Inc. has a 12 month low of $75.40 and a 12 month high of $117.28. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 14.74 and a beta of 0.37.

Post (NYSE:POST) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.08. Post had a net margin of 3.48% and a return on equity of 13.22%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the firm earned $2.03 EPS. Post’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Post Holdings, Inc. will post 7.56 EPS for the current year.

Post Profile

Post Holdings, Inc is a consumer packaged goods company that develops, manufactures and markets branded and private-label food products. Its portfolio includes ready-to-eat cereal, hot cereal, pet food, protein products, peanut butter, and other grocery items sold through retail and e-commerce channels.

The company operates through several businesses, including Post Consumer Brands, Weetabix, Foodservice and Refrigerated Retail. Its brands include Honey Bunches of Oats, Pebbles, Grape-Nuts, Raisin Bran, Malt-O-Meal, Weetabix, Alpen, Bob Evans and Simply Potatoes.