17,600 Shares in Post Holdings, Inc. $POST Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems purchased 17,600 shares of Post Holdings worth approximately $1.55 million, while institutional investors collectively own 94.85% of the company.
• Post’s latest quarter beat EPS estimates at $1.78 versus $1.70 expected, but revenue of $1.95 billion missed expectations and declined 1.8% year over year.
• Chairman William P. Stiritz sold 277,935 shares worth $23.4 million. The stock opened at $80.19, below its 50-day and 200-day moving averages, while analysts’ consensus rating remained “Hold” with a $109 average price target.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Post Holdings, Inc. (NYSE:POST - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,600 shares of the company's stock, valued at approximately $1,553,000.

Several other large investors also recently made changes to their positions in the business. Royal Bank of Canada grew its stake in shares of Post by 74.2% in the 1st quarter. Royal Bank of Canada now owns 57,535 shares of the company's stock worth $6,694,000 after purchasing an additional 24,514 shares during the last quarter. Empowered Funds LLC lifted its stake in Post by 12.3% during the first quarter. Empowered Funds LLC now owns 4,436 shares of the company's stock valued at $516,000 after purchasing an additional 487 shares during the last quarter. Focus Partners Wealth boosted its holdings in Post by 11.1% during the first quarter. Focus Partners Wealth now owns 3,287 shares of the company's stock worth $382,000 after buying an additional 328 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Post by 181.1% during the first quarter. Intech Investment Management LLC now owns 11,771 shares of the company's stock worth $1,370,000 after buying an additional 7,583 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Post by 3.9% in the second quarter. Russell Investments Group Ltd. now owns 13,289 shares of the company's stock worth $1,449,000 after buying an additional 494 shares during the last quarter. Institutional investors own 94.85% of the company's stock.

Insiders Place Their Bets

In other Post news, Chairman William P. Stiritz sold 277,935 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $84.23, for a total value of $23,410,465.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 14.05% of the company's stock.

Post Stock Down 0.1%

Shares of Post stock opened at $80.19 on Friday. Post Holdings, Inc. has a 1 year low of $75.40 and a 1 year high of $117.28. The company has a market cap of $3.63 billion, a P/E ratio of 14.74 and a beta of 0.37. The company has a current ratio of 1.85, a quick ratio of 0.99 and a debt-to-equity ratio of 2.47. The stock has a 50-day moving average price of $85.09 and a 200 day moving average price of $93.55.

Post (NYSE:POST - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.08. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.02 billion. Post had a return on equity of 13.22% and a net margin of 3.48%.The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 EPS. As a group, analysts expect that Post Holdings, Inc. will post 7.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on Post from $98.00 to $86.00 and set an "equal weight" rating for the company in a research report on Monday, August 10th. Jefferies Financial Group set a $117.00 target price on Post in a report on Monday, July 27th. Stifel Nicolaus set a $125.00 price target on shares of Post in a research report on Friday, August 7th. JPMorgan Chase & Co. decreased their price objective on shares of Post from $116.00 to $99.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Finally, Evercore set a $121.00 price objective on shares of Post in a research report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Post currently has an average rating of "Hold" and an average price target of $109.00.

More Post News

Here are the key news stories impacting Post this week:

• Neutral Sentiment: No material earnings release, guidance update, acquisition announcement, or analyst action involving Post Holdings was identified in the latest articles. Post Holdings stock quote
• Negative Sentiment: The stock remains under pressure following the company’s latest reported quarter, when earnings per share exceeded estimates but revenue fell short of expectations and declined 1.8% year over year. The weaker sales trend may be outweighing the earnings beat.
• Negative Sentiment: Post Holdings is trading below both its 50-day and 200-day moving averages, signaling continued technical weakness and potentially limiting investor appetite in the absence of a fresh positive catalyst.

Post Company Profile

Post Holdings, Inc is a consumer packaged goods company that develops, manufactures and markets branded and private-label food products. Its portfolio includes ready-to-eat cereal, hot cereal, pet food, protein products, peanut butter, and other grocery items sold through retail and e-commerce channels.

The company operates through several businesses, including Post Consumer Brands, Weetabix, Foodservice and Refrigerated Retail. Its brands include Honey Bunches of Oats, Pebbles, Grape-Nuts, Raisin Bran, Malt-O-Meal, Weetabix, Alpen, Bob Evans and Simply Potatoes.

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