King Luther Capital Management Corp Has $9.10 Million Stake in Post Holdings, Inc. (POST)
King Luther Capital Management Corp reduced its position in shares of Post Holdings, Inc. (NYSE:POST) by 19.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,125 shares of the company’s stock after selling 24,875 shares during the period. King Luther Capital Management Corp owned 0.16% of Post worth $9,103,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Gabelli Funds LLC boosted its holdings in shares of Post by 1.4% during the third quarter. Gabelli Funds LLC now owns 593,300 shares of the company’s stock worth $52,371,000 after purchasing an additional 8,300 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Post by 1.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 80,219 shares of the company’s stock worth $6,229,000 after buying an additional 1,531 shares during the period. Swiss National Bank lifted its holdings in Post by 3.7% in the third quarter. Swiss National Bank now owns 110,900 shares of the company’s stock worth $9,789,000 after buying an additional 4,000 shares during the period. Clarkston Capital Partners LLC lifted its holdings in Post by 6.2% in the third quarter. Clarkston Capital Partners LLC now owns 505,047 shares of the company’s stock worth $44,580,000 after buying an additional 29,387 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in Post in the second quarter worth about $580,000.
Several brokerages have commented on POST. Zacks Investment Research lowered shares of Post from a “hold” rating to a “strong sell” rating in a report on Friday, October 6th. BidaskClub upgraded shares of Post from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Wells Fargo & Company raised their price objective on shares of Post from $96.00 to $106.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. Pivotal Research restated a “buy” rating and issued a $105.00 price objective on shares of Post in a report on Wednesday, September 20th. Finally, BMO Capital Markets upgraded shares of Post from a “market perform” rating to an “outperform” rating and set a $106.00 price objective for the company in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Post presently has a consensus rating of “Buy” and a consensus price target of $103.25.
Shares of Post Holdings, Inc. (NYSE:POST) traded down $0.48 during midday trading on Wednesday, hitting $78.54. 900,500 shares of the company’s stock were exchanged, compared to its average volume of 799,739. Post Holdings, Inc. has a fifty-two week low of $75.51 and a fifty-two week high of $89.04. The company has a market capitalization of $5,224.81, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 2.07 and a beta of 0.09. The company has a quick ratio of 2.90, a current ratio of 3.71 and a debt-to-equity ratio of 2.56.
Post (NYSE:POST) last announced its earnings results on Thursday, November 16th. The company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.05). Post had a net margin of 0.92% and a return on equity of 7.31%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business posted $0.61 EPS. Post’s revenue for the quarter was up 14.9% on a year-over-year basis. research analysts forecast that Post Holdings, Inc. will post 3.83 earnings per share for the current year.
In other Post news, Director David W. Kemper bought 2,500 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was acquired at an average price of $79.86 per share, with a total value of $199,650.00. Following the completion of the purchase, the director now owns 6,700 shares of the company’s stock, valued at $535,062. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by company insiders.
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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