Wedge Capital Management L L P NC Lowers Position in Post Holdings, Inc. (NYSE:POST)

Wedge Capital Management L L P NC cut its stake in shares of Post Holdings, Inc. (NYSE:POST) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 364,187 shares of the company’s stock after selling 35,355 shares during the period. Wedge Capital Management L L P NC owned about 0.60% of Post worth $37,934,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. BOKF NA boosted its holdings in Post by 1.7% during the first quarter. BOKF NA now owns 5,826 shares of the company’s stock worth $614,000 after purchasing an additional 97 shares during the last quarter. Ironwood Investment Counsel LLC grew its holdings in shares of Post by 2.3% in the fourth quarter. Ironwood Investment Counsel LLC now owns 4,615 shares of the company’s stock valued at $406,000 after acquiring an additional 105 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Post by 7.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,649 shares of the company’s stock valued at $145,000 after acquiring an additional 112 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Post by 56.8% during the first quarter. Venturi Wealth Management LLC now owns 359 shares of the company’s stock worth $38,000 after acquiring an additional 130 shares during the period. Finally, M&T Bank Corp boosted its position in Post by 4.9% in the fourth quarter. M&T Bank Corp now owns 3,139 shares of the company’s stock worth $277,000 after purchasing an additional 146 shares during the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

POST has been the subject of several research analyst reports. Evercore ISI raised their target price on Post from $122.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Stifel Nicolaus boosted their target price on shares of Post from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Barclays raised their price target on shares of Post from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 7th. Wells Fargo & Company upped their price objective on Post from $108.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their target price on Post from $118.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.33.

Post Stock Performance

POST traded down $0.58 on Thursday, hitting $113.65. The company’s stock had a trading volume of 339,343 shares, compared to its average volume of 548,714. The company’s 50 day simple moving average is $106.77 and its 200-day simple moving average is $105.02. The company has a quick ratio of 1.12, a current ratio of 2.05 and a debt-to-equity ratio of 1.62. Post Holdings, Inc. has a 12 month low of $78.85 and a 12 month high of $115.32. The firm has a market cap of $6.64 billion, a P/E ratio of 21.76 and a beta of 0.64.

Post (NYSE:POST) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.21 by $0.33. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Post had a net margin of 4.46% and a return on equity of 10.91%. Post’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 earnings per share. Analysts forecast that Post Holdings, Inc. will post 5.95 EPS for the current year.

Insider Activity at Post

In other Post news, Director Robert E. Grote sold 16,845 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $104.58, for a total value of $1,761,650.10. Following the transaction, the director now directly owns 4,400 shares in the company, valued at approximately $460,152. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Gregory L. Curl sold 4,000 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $106.06, for a total value of $424,240.00. Following the transaction, the director now owns 21,181 shares of the company’s stock, valued at $2,246,456.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Grote sold 16,845 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $104.58, for a total value of $1,761,650.10. Following the sale, the director now owns 4,400 shares in the company, valued at approximately $460,152. The disclosure for this sale can be found here. 10.70% 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.