New York State Teachers Retirement System Cuts Stake in Post Holdings, Inc. (NYSE:POST)

New York State Teachers Retirement System reduced its holdings in shares of Post Holdings, Inc. (NYSE:POST) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,586 shares of the company’s stock after selling 4,156 shares during the period. New York State Teachers Retirement System’s holdings in Post were worth $7,049,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of Post by 53.7% in the 3rd quarter. CWM LLC now owns 1,977 shares of the company’s stock valued at $229,000 after purchasing an additional 691 shares during the last quarter. Creative Planning increased its position in shares of Post by 13.3% in the 3rd quarter. Creative Planning now owns 2,250 shares of the company’s stock valued at $260,000 after purchasing an additional 264 shares during the last quarter. Blue Trust Inc. increased its position in shares of Post by 382.1% in the 3rd quarter. Blue Trust Inc. now owns 1,080 shares of the company’s stock valued at $125,000 after purchasing an additional 856 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Post by 901.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 179,222 shares of the company’s stock valued at $20,745,000 after purchasing an additional 161,334 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Post in the 3rd quarter valued at approximately $2,190,000. 94.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on POST shares. Evercore ISI increased their target price on shares of Post from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Wells Fargo & Company increased their target price on shares of Post from $116.00 to $122.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Finally, Piper Sandler increased their target price on shares of Post from $120.00 to $140.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Post has an average rating of “Moderate Buy” and a consensus target price of $127.17.

Post Stock Up 1.8 %

POST stock opened at $113.43 on Thursday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.64 and a current ratio of 2.39. The company has a fifty day moving average of $110.60 and a 200-day moving average of $112.93. Post Holdings, Inc. has a one year low of $99.62 and a one year high of $125.84. The stock has a market capitalization of $6.41 billion, a PE ratio of 18.69 and a beta of 0.65.

Post (NYSE:POST) last posted its earnings results on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.48%. As a group, analysts expect that Post Holdings, Inc. will post 6.41 EPS for the current year.

Insider Transactions at Post

In related news, Director David W. Kemper sold 8,939 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $110.75, for a total value of $989,994.25. Following the sale, the director now directly owns 29,722 shares of the company’s stock, valued at approximately $3,291,711.50. This trade represents a 23.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bradly A. Harper sold 1,000 shares of Post stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $120.09, for a total transaction of $120,090.00. Following the transaction, the senior vice president now directly owns 11,220 shares in the company, valued at approximately $1,347,409.80. This trade represents a 8.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,908 shares of company stock worth $5,312,045 over the last ninety days. 11.40% of the stock is currently owned by corporate insiders.

Post 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.