Ironwood Investment Counsel LLC Sells 689 Shares of Post Holdings, Inc. $POST

Ironwood Investment Counsel LLC reduced its position in Post Holdings, Inc. (NYSE:POST) by 38.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,111 shares of the company’s stock after selling 689 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Post were worth $121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POST. Xponance Inc. raised its holdings in shares of Post by 3.2% in the 1st quarter. Xponance Inc. now owns 5,608 shares of the company’s stock valued at $653,000 after purchasing an additional 174 shares in the last quarter. MQS Management LLC purchased a new position in Post during the first quarter valued at approximately $208,000. Victory Capital Management Inc. raised its stake in Post by 14.0% in the first quarter. Victory Capital Management Inc. now owns 270,398 shares of the company’s stock worth $31,464,000 after buying an additional 33,119 shares in the last quarter. SeaBridge Investment Advisors LLC lifted its holdings in Post by 10.7% during the first quarter. SeaBridge Investment Advisors LLC now owns 6,012 shares of the company’s stock worth $700,000 after buying an additional 583 shares during the period. Finally, Millstone Evans Group LLC lifted its holdings in Post by 167.2% during the first quarter. Millstone Evans Group LLC now owns 358 shares of the company’s stock worth $42,000 after buying an additional 224 shares during the period. 94.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other Post news, Director William P. Stiritz bought 36,000 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 4,334,667 shares of the company’s stock, valued at approximately $474,776,076.51. The trade was a 0.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.40% of the stock is currently owned by insiders.

Post Stock Performance

NYSE POST opened at $106.65 on Thursday. The firm has a market capitalization of $5.79 billion, a P/E ratio of 18.14 and a beta of 0.49. Post Holdings, Inc. has a fifty-two week low of $100.44 and a fifty-two week high of $125.84. The stock has a 50-day simple moving average of $105.95 and a two-hundred day simple moving average of $108.21. 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 announced that its Board of Directors has approved a stock repurchase plan on Friday, August 29th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.