Teacher Retirement System of Texas Decreases Position in Post Holdings, Inc. $POST

Teacher Retirement System of Texas trimmed its position in Post Holdings, Inc. (NYSE:POST) by 27.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,879 shares of the company’s stock after selling 3,733 shares during the period. Teacher Retirement System of Texas’ holdings in Post were worth $1,077,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group lifted its position in shares of Post by 232.1% in the first quarter. Brooklyn Investment Group now owns 279 shares of the company’s stock valued at $32,000 after acquiring an additional 195 shares in the last quarter. Millstone Evans Group LLC raised its stake in Post by 167.2% in the 1st quarter. Millstone Evans Group LLC now owns 358 shares of the company’s stock valued at $42,000 after purchasing an additional 224 shares during the last quarter. Byrne Asset Management LLC purchased a new position in Post in the 2nd quarter valued at $52,000. Signaturefd LLC boosted its stake in Post by 131.1% during the 2nd quarter. Signaturefd LLC now owns 550 shares of the company’s stock worth $60,000 after purchasing an additional 312 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Post by 17.7% during the second quarter. Parallel Advisors LLC now owns 844 shares of the company’s stock worth $92,000 after buying an additional 127 shares in the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Wall Street Analysts Forecast Growth

POST has been the topic of a number of recent research reports. Zacks Research lowered shares of Post from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Wells Fargo & Company lowered their target price on Post from $117.00 to $115.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Wall Street Zen cut Post from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Post in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on Post from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.00.

Insider Activity

In related news, Director William P. Stiritz acquired 36,000 shares of Post stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $109.53 per share, for a total transaction of $3,943,080.00. Following the acquisition, the director owned 4,334,667 shares in the company, valued at approximately $474,776,076.51. This represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 11.40% of the company’s stock.

Post Stock Down 0.6%

POST stock opened at $104.85 on Friday. Post Holdings, Inc. has a one year low of $100.44 and a one year high of $125.84. The firm has a market cap of $5.70 billion, a PE ratio of 17.83 and a beta of 0.49. The firm’s 50 day moving average price is $106.43 and its 200-day moving average price is $108.48. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.84 and a current ratio of 2.60.

Post (NYSE:POST) last posted its earnings results on Thursday, August 7th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.36. Post had a return on equity of 10.80% and a net margin of 4.62%.The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the firm earned $1.54 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that Post Holdings, Inc. will post 6.41 EPS for the current year.

Post announced that its board has initiated a share repurchase plan on Friday, August 29th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About Post

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.