Post Holdings, Inc. (NYSE:POST) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in Post Holdings, Inc. (NYSE:POST) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,402 shares of the company’s stock after selling 785 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Post worth $4,521,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of POST. BOKF NA lifted its position in Post by 1.7% during the 1st quarter. BOKF NA now owns 5,826 shares of the company’s stock worth $614,000 after acquiring an additional 97 shares during the period. Commonwealth Equity Services LLC boosted its position 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 buying an additional 117 shares during the last quarter. CarsonAllaria Wealth Management Ltd. increased its holdings in Post by 12.8% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,233 shares of the company’s stock worth $128,000 after buying an additional 140 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Post by 4.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,800 shares of the company’s stock worth $396,000 after buying an additional 146 shares during the last quarter. Finally, Cetera Advisors LLC raised its holdings in shares of Post by 0.7% during the first quarter. Cetera Advisors LLC now owns 23,099 shares of the company’s stock worth $2,455,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Post

In other news, Director Thomas C. Erb acquired 2,000 shares of Post stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $112.94 per share, for a total transaction of $225,880.00. Following the acquisition, the director now owns 35,475 shares of the company’s stock, valued at $4,006,546.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.70% of the stock is owned by corporate insiders.

Post Stock Performance

Shares of POST stock opened at $113.50 on Tuesday. The firm has a market cap of $6.63 billion, a P/E ratio of 21.74 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.12 and a current ratio of 2.05. Post Holdings, Inc. has a one year low of $78.85 and a one year high of $118.96. The firm’s 50 day moving average price is $114.42 and its 200-day moving average price is $108.25.

Post (NYSE:POST) last announced 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. Post had a net margin of 4.46% and a return on equity of 10.91%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that Post Holdings, Inc. will post 5.95 EPS for the current year.

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.