SG Americas Securities LLC Sells 12,215 Shares of Post Holdings, Inc. (POST)
SG Americas Securities LLC reduced its stake in Post Holdings, Inc. (NYSE:POST) by 58.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,518 shares of the company’s stock after selling 12,215 shares during the period. SG Americas Securities LLC’s holdings in Post were worth $752,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. FMR LLC lifted its stake in Post by 26.5% during the second quarter. FMR LLC now owns 5,067,121 shares of the company’s stock worth $393,462,000 after purchasing an additional 1,060,344 shares during the last quarter. Route One Investment Company L.P. lifted its stake in Post by 19.6% during the second quarter. Route One Investment Company L.P. now owns 4,168,083 shares of the company’s stock worth $323,652,000 after purchasing an additional 683,000 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Post by 79.1% during the second quarter. Victory Capital Management Inc. now owns 1,515,496 shares of the company’s stock worth $117,678,000 after purchasing an additional 669,396 shares during the last quarter. TIAA CREF Investment Management LLC lifted its stake in Post by 70.1% during the second quarter. TIAA CREF Investment Management LLC now owns 986,881 shares of the company’s stock worth $76,631,000 after purchasing an additional 406,791 shares during the last quarter. Finally, UBS Oconnor LLC lifted its stake in Post by 38.6% during the second quarter. UBS Oconnor LLC now owns 1,451,116 shares of the company’s stock worth $112,679,000 after purchasing an additional 404,235 shares during the last quarter.
POST has been the subject of several recent analyst reports. BidaskClub cut Post from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Zacks Investment Research upgraded Post from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Saturday, October 28th. BMO Capital Markets restated a “buy” rating on shares of Post in a research note on Monday, November 6th. Wells Fargo & Company upped their target price on Post from $96.00 to $106.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. Finally, SunTrust Banks set a $105.00 target price on Post and gave the stock a “buy” rating in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $103.25.
In related news, Director David W. Kemper acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was acquired at an average cost of $79.86 per share, for a total transaction of $199,650.00. Following the completion of the acquisition, the director now directly owns 6,700 shares of the company’s stock, valued at approximately $535,062. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.00% of the stock is currently owned by corporate insiders.
Shares of Post Holdings, Inc. (POST) traded down $0.46 on Thursday, hitting $78.08. The stock had a trading volume of 554,400 shares, compared to its average volume of 798,695. Post Holdings, Inc. has a one year low of $75.76 and a one year high of $89.04. The company has a market cap of $5,193.08, a PE ratio of 29.31, a price-to-earnings-growth ratio of 2.05 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 quarterly earnings results on Thursday, November 16th. The company reported $0.88 EPS 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. research analysts anticipate that Post Holdings, Inc. will post 3.83 earnings per share for the current fiscal year.
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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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