Teacher Retirement System of Texas Sells 16,349 Shares of Post Holdings, Inc. (NYSE:POST)

Teacher Retirement System of Texas reduced its holdings in Post Holdings, Inc. (NYSE:POST - Free Report) by 54.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,612 shares of the company's stock after selling 16,349 shares during the quarter. Teacher Retirement System of Texas' holdings in Post were worth $1,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of POST. Bessemer Group Inc. raised its position in shares of Post by 200.0% during the 1st quarter. Bessemer Group Inc. now owns 477 shares of the company's stock valued at $56,000 after acquiring an additional 318 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Post by 7.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 6,922 shares of the company's stock valued at $805,000 after buying an additional 472 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Post by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 320,585 shares of the company's stock worth $36,694,000 after purchasing an additional 964 shares in the last quarter. ProShare Advisors LLC increased its holdings in Post by 7.4% during the 4th quarter. ProShare Advisors LLC now owns 2,215 shares of the company's stock worth $254,000 after purchasing an additional 152 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Post by 27.3% during the 1st quarter. Fifth Third Bancorp now owns 829 shares of the company's stock worth $96,000 after buying an additional 178 shares during the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.

Post Trading Down 0.7%

NYSE:POST opened at $106.88 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.13 and a quick ratio of 1.43. The firm has a 50-day moving average of $110.00 and a 200-day moving average of $111.42. The company has a market cap of $5.96 billion, a PE ratio of 19.02 and a beta of 0.48. Post Holdings, Inc. has a one year low of $103.33 and a one year high of $125.84.

Post (NYSE:POST - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.18 by $0.23. Post had a net margin of 4.53% and a return on equity of 10.24%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $1.51 earnings per share. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities research analysts expect that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on POST shares. Evercore ISI raised their target price on shares of Post from $130.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Wells Fargo & Company lowered their target price on shares of Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a report on Wednesday. Mizuho decreased their price objective on shares of Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 28th. Finally, Piper Sandler lifted their price objective on shares of Post from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $130.00.

Insider Buying and Selling

In other Post news, Director William P. Stiritz acquired 186,740 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average cost of $109.11 per share, with a total value of $20,375,201.40. Following the acquisition, the director owned 4,298,667 shares in the company, valued at approximately $469,027,556.37. This represents a 4.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Nicolas Catoggio sold 1,750 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $108.97, for a total transaction of $190,697.50. Following the completion of the transaction, the chief executive officer directly owned 43,751 shares of the company's stock, valued at approximately $4,767,546.47. This trade represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.40% of the stock is owned by corporate insiders.

Post Company Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.

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