Argent Trust Co Grows Stock Holdings in Post Holdings, Inc. (NYSE:POST)

Argent Trust Co lifted its stake in shares of Post Holdings, Inc. (NYSE:POST) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,367 shares of the company’s stock after purchasing an additional 199 shares during the period. Argent Trust Co’s holdings in Post were worth $351,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Post by 6.7% during the first quarter. Vanguard Group Inc. now owns 5,288,249 shares of the company’s stock worth $562,035,000 after buying an additional 332,811 shares during the last quarter. Norges Bank acquired a new stake in Post during the fourth quarter worth about $19,598,000. Verition Fund Management LLC increased its position in Post by 347.8% during the fourth quarter. Verition Fund Management LLC now owns 256,983 shares of the company’s stock worth $22,630,000 after purchasing an additional 199,592 shares during the last quarter. F M Investments LLC acquired a new stake in Post during the second quarter worth about $8,873,000. Finally, Redwood Investment Management LLC purchased a new position in Post during the fourth quarter worth about $6,047,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

Post Trading Down 0.0 %

POST opened at $114.48 on Friday. Post Holdings, Inc. has a 52 week low of $78.85 and a 52 week high of $118.96. 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 business has a fifty day simple moving average of $113.10 and a 200-day simple moving average of $107.36. The firm has a market cap of $6.69 billion, a P/E ratio of 21.93 and a beta of 0.63.

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

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.