State Board of Administration of Florida Retirement System boosted its holdings in shares of Post Holdings Inc (NYSE:POST) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,800 shares of the company’s stock after buying an additional 2,096 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.11% of Post worth $8,297,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in POST. Dimensional Fund Advisors LP grew its holdings in Post by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,439,308 shares of the company’s stock worth $217,408,000 after buying an additional 11,684 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Post during the first quarter worth $1,864,000. Oppenheimer & Co. Inc. acquired a new position in Post during the first quarter worth $350,000. Quadrant Capital Group LLC increased its position in Post by 2,145.0% during the first quarter. Quadrant Capital Group LLC now owns 449 shares of the company’s stock worth $48,000 after buying an additional 429 shares during the last quarter. Finally, Whittier Trust Co. increased its position in Post by 20.1% during the first quarter. Whittier Trust Co. now owns 6,004 shares of the company’s stock worth $657,000 after buying an additional 1,004 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.
POST traded down $0.06 during midday trading on Wednesday, reaching $96.54. 3 shares of the company’s stock were exchanged, compared to its average volume of 725,970. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 2.90 and a beta of 0.24. The company has a quick ratio of 1.23, a current ratio of 2.02 and a debt-to-equity ratio of 1.97. Post Holdings Inc has a one year low of $83.88 and a one year high of $113.73. The business has a 50-day simple moving average of $103.43 and a two-hundred day simple moving average of $105.31.
Several brokerages have recently issued reports on POST. BMO Capital Markets raised their price target on Post from $106.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Pivotal Research reaffirmed a “buy” rating and issued a $125.00 price target on shares of Post in a research report on Friday, May 3rd. Wells Fargo & Co reaffirmed a “buy” rating on shares of Post in a research report on Wednesday, May 8th. Goldman Sachs Group raised Post from a “neutral” rating to a “buy” rating and raised their price target for the company from $107.00 to $134.00 in a research report on Monday, May 6th. Finally, Zacks Investment Research downgraded Post from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $122.00.
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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