Post (NYSE:POST) Chairman William Stiritz Sells 277,935 Shares

Post Holdings, Inc. (NYSE:POSTGet Free Report) Chairman William Stiritz sold 277,935 shares of Post stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $84.23, for a total transaction of $23,410,465.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Post Stock Up 0.1%

Shares of NYSE POST opened at $84.43 on Friday. Post Holdings, Inc. has a 52-week low of $75.40 and a 52-week high of $117.28. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.99 and a current ratio of 1.85. The stock has a market cap of $3.83 billion, a P/E ratio of 15.52 and a beta of 0.37. The firm has a 50 day moving average price of $86.09 and a 200 day moving average price of $94.56.

Post (NYSE:POSTGet Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.08. Post had a net margin of 3.48% and a return on equity of 13.22%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the business posted $2.03 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts expect that Post Holdings, Inc. will post 7.56 EPS for the current year.

Analysts Set New Price Targets

POST has been the subject of a number of research analyst reports. Weiss Ratings cut Post from a “hold (c)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Jefferies Financial Group set a $117.00 price objective on Post in a report on Monday, July 27th. Wells Fargo & Company decreased 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. Wall Street Zen cut Post from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Evercore set a $121.00 target price on shares of Post in a report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $109.00.

Read Our Latest Research Report on POST

Institutional Trading of Post

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Post by 62.8% during the fourth quarter. Larson Financial Group LLC now owns 267 shares of the company’s stock worth $26,000 after buying an additional 103 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Post in the 3rd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. boosted its position in Post by 119.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the company’s stock worth $27,000 after acquiring an additional 135 shares during the last quarter. Summit Securities Group LLC acquired a new position in Post during the 1st quarter worth approximately $28,000. Finally, Highlander Partners L.P. bought a new position in shares of Post during the 4th quarter worth approximately $33,000. 94.85% of the stock is currently owned by institutional investors.

Post News Summary

Here are the key news stories impacting Post this week:

  • Negative Sentiment: Chairman William P. Stiritz sold a combined 384,132 shares of Post Holdings stock on September 1 and 2 for approximately $32.3 million. The September 1 transaction reduced his direct ownership by 27.65%, which may weigh on investor sentiment because of the size of the sale. SEC insider transaction filing
  • Neutral Sentiment: The sales were disclosed in a required SEC filing and do not necessarily indicate deteriorating fundamentals; insiders may sell for personal financial or diversification reasons. However, investors will likely monitor whether additional executives sell shares.
  • Neutral Sentiment: Post’s most recent quarterly results provided mixed signals: adjusted EPS of $1.78 exceeded the $1.70 consensus estimate, while revenue of $1.95 billion fell short of the $2.02 billion forecast and declined 1.8% year over year. The company also posted lower EPS than in the comparable period last year, leaving growth concerns unresolved.

Post Company Profile

(Get Free Report)

Post Holdings, Inc is a consumer packaged goods company that operates as a holding company for a diverse portfolio of food and beverage brands. The company’s principal activities include the production, marketing and distribution of ready-to-eat cereal, refrigerated and frozen foods, and nutritional beverages. Through its operating segments—Post Consumer Brands, Foodservice, Refrigerated Side Dishes & Bakery, and Active Nutrition—Post Holdings delivers a broad array of products to retail grocers, convenience stores, foodservice operators and e-commerce channels.

The Post Consumer Brands segment features a variety of hot and cold cereals under names such as Honey Bunches of Oats, Shredded Wheat and Pebbles.

Further Reading

Receive News & Ratings for Post Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Post and related companies with MarketBeat.com's FREE daily email newsletter.