Post (POST) Hits New 1-Year High at $111.03
Post Holdings Inc (NYSE:POST) reached a new 52-week high during trading on Monday . The company traded as high as $111.03 and last traded at $110.76, with a volume of 6942 shares. The stock had previously closed at $110.24.
A number of research firms recently commented on POST. Zacks Investment Research raised Post from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Piper Jaffray Companies downgraded Post from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $115.00 to $109.00 in a report on Thursday, January 24th. Wells Fargo & Co set a $114.00 price target on Post and gave the company a “buy” rating in a report on Friday, January 25th. Finally, SunTrust Banks boosted their price target on Post to $115.00 and gave the company a “buy” rating in a report on Monday, February 4th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Post has a consensus rating of “Buy” and a consensus price target of $115.63.
The firm has a market cap of $7.33 billion, a PE ratio of 27.30, a P/E/G ratio of 3.65 and a beta of 0.23. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.56 and a quick ratio of 0.93.
In other news, Director Robert E. Grote sold 750 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $99.89, for a total transaction of $74,917.50. Following the completion of the transaction, the director now directly owns 6,950 shares of the company’s stock, valued at approximately $694,235.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William P. Stiritz bought 134,059 shares of Post stock in a transaction dated Wednesday, February 6th. The shares were acquired at an average cost of $96.71 per share, with a total value of $12,964,845.89. Following the completion of the purchase, the director now owns 2,659,862 shares in the company, valued at $257,235,254.02. The disclosure for this purchase can be found here. Insiders acquired 170,094 shares of company stock valued at $16,488,054 over the last three months. 8.10% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in POST. Oregon Public Employees Retirement Fund raised its stake in shares of Post by 8,813.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,290,017 shares of the company’s stock worth $26,000 after buying an additional 2,264,324 shares during the period. Norges Bank acquired a new position in shares of Post during the 4th quarter worth approximately $37,272,000. Victory Capital Management Inc. raised its stake in shares of Post by 77.6% during the 4th quarter. Victory Capital Management Inc. now owns 955,450 shares of the company’s stock worth $85,160,000 after buying an additional 417,543 shares during the period. Martingale Asset Management L P raised its stake in shares of Post by 3,672.2% during the 4th quarter. Martingale Asset Management L P now owns 237,723 shares of the company’s stock worth $21,190,000 after buying an additional 231,421 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Post by 4.1% during the 4th quarter. BlackRock Inc. now owns 5,805,430 shares of the company’s stock worth $517,437,000 after buying an additional 231,242 shares during the period.
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Post Company Profile (NYSE:POST)
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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