Post Holdings Inc (POST) Holdings Reduced by Prudential Financial Inc.
Prudential Financial Inc. lowered its position in Post Holdings Inc (NYSE:POST) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,628 shares of the company’s stock after selling 2,540 shares during the quarter. Prudential Financial Inc. owned approximately 0.06% of Post worth $3,532,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Piedmont Investment Advisors Inc. increased its holdings in Post by 62.9% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 4,481 shares of the company’s stock valued at $399,000 after buying an additional 1,731 shares during the period. Pettee Investors Inc. acquired a new stake in shares of Post in the 4th quarter valued at approximately $656,000. Comerica Bank boosted its stake in shares of Post by 2.3% in the 4th quarter. Comerica Bank now owns 43,363 shares of the company’s stock valued at $4,011,000 after purchasing an additional 980 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Post in the 4th quarter valued at approximately $6,898,000. Finally, Garrison Financial Corp acquired a new stake in shares of Post in the 4th quarter valued at approximately $216,000.
In other Post news, Director William P. Stiritz purchased 134,059 shares of the firm’s stock in a transaction on Wednesday, February 6th. The stock was acquired at an average price of $96.71 per share, for a total transaction of $12,964,845.89. Following the purchase, the director now owns 2,659,862 shares of the company’s stock, valued at approximately $257,235,254.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edwin H. Callison purchased 280 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were acquired at an average price of $100.56 per share, with a total value of $28,156.80. Following the purchase, the director now directly owns 8,700 shares in the company, valued at approximately $874,872. The disclosure for this purchase can be found here. Insiders bought a total of 170,094 shares of company stock valued at $16,488,054 in the last quarter. 8.10% of the stock is currently owned by company insiders.
Post (NYSE:POST) last released its quarterly earnings data on Thursday, January 31st. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.11. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. Post had a net margin of 4.78% and a return on equity of 10.53%. On average, equities research analysts expect that Post Holdings Inc will post 5 EPS for the current year.
A number of research firms have recently weighed in on POST. SunTrust Banks raised their price target on shares of Post to $115.00 and gave the company a “buy” rating in a research note on Monday, February 4th. Wells Fargo & Co raised their price target on shares of Post from $114.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, February 4th. Piper Jaffray Companies downgraded shares of Post from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $115.00 to $109.00 in a research note on Thursday, January 24th. Zacks Investment Research upgraded shares of Post from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Finally, Citigroup set a $120.00 target price on shares of Post and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Post presently has a consensus rating of “Buy” and an average target price of $113.75.
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Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.
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