Central Pacific Bank Trust Division Sells 100 Shares of Post Holdings, Inc. (NYSE:POST)

Central Pacific Bank Trust Division reduced its position in Post Holdings, Inc. (NYSE:POST) by 8.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,050 shares of the company’s stock after selling 100 shares during the period. Central Pacific Bank Trust Division’s holdings in Post were worth $122,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. BOKF NA grew its holdings in shares of Post by 1.7% in the first quarter. BOKF NA now owns 5,826 shares of the company’s stock valued at $614,000 after acquiring an additional 97 shares in the last quarter. Truist Financial Corp raised its holdings in shares of Post by 5.0% in the 2nd quarter. Truist Financial Corp now owns 2,376 shares of the company’s stock valued at $247,000 after acquiring an additional 114 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Post by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 5,002 shares of the company’s stock valued at $521,000 after purchasing an additional 117 shares in the last quarter. CarsonAllaria Wealth Management Ltd. raised its position in shares of Post by 12.8% during the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,233 shares of the company’s stock valued at $128,000 after buying an additional 140 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Post by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,800 shares of the company’s stock worth $396,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Post Trading Up 0.5 %

NYSE:POST opened at $114.49 on Friday. The company’s 50-day simple moving average is $114.33 and its 200 day simple moving average is $108.16. Post Holdings, Inc. has a one year low of $78.85 and a one year high of $118.96. The firm has a market capitalization of $6.94 billion, a P/E ratio of 21.93 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.05 and a quick ratio of 1.12.

Post (NYSE:POST) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.33. The business had revenue of $1.95 billion during 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%. Post’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. As a group, analysts forecast that Post Holdings, Inc. will post 5.95 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Post

In other news, Director Thomas C. Erb bought 2,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $112.94 per share, with a total value of $225,880.00. Following the completion of the transaction, the director now owns 35,475 shares of the company’s stock, valued at approximately $4,006,546.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.70% of the company’s stock.

About Post

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.