Key Points
- Chairman William Stiritz sold 106,197 Post Holdings shares at an average price of $83.60, generating approximately $8.88 million and reducing his direct ownership by 27.65%.
- Post’s latest quarter showed mixed results: adjusted EPS of $1.78 beat estimates of $1.70, while revenue of $1.95 billion missed expectations and declined 1.8% year over year.
- The stock opened at $84.43, below its 50-day and 200-day moving averages, while analysts maintained a consensus “Hold” rating with an average price target of $109.
Post Holdings, Inc. (NYSE:POST - Get Free Report) Chairman William Stiritz sold 106,197 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $83.60, for a total value of $8,878,069.20. Following the completion of the sale, the chairman owned 277,935 shares in the company, valued at $23,235,366. The trade was a 27.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Post Stock Performance
Shares of POST opened at $84.43 on Friday. Post Holdings, Inc. has a 1 year low of $75.40 and a 1 year high of $117.28. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 15.52 and a beta of 0.37. 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 firm has a fifty day moving average of $86.09 and a 200-day moving average of $94.56.
Post (NYSE:POST - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.08. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $2.02 billion. Post had a net margin of 3.48% and a return on equity of 13.22%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.03 EPS. As a group, equities analysts anticipate that Post Holdings, Inc. will post 7.56 earnings per share for the current year.
More Post News
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.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on POST. Jefferies Financial Group set a $117.00 price target 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 report on Monday, August 10th. Stifel Nicolaus set a $125.00 target price on Post in a research report on Friday, August 7th. Wall Street Zen downgraded Post from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Finally, Evercore set a $121.00 price target on Post in a research note on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $109.00.
Read Our Latest Research Report on POST
Institutional Trading of Post
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Post by 74.2% in the first quarter. Royal Bank of Canada now owns 57,535 shares of the company's stock valued at $6,694,000 after acquiring an additional 24,514 shares in the last quarter. Empowered Funds LLC raised its holdings in Post by 12.3% during the first quarter. Empowered Funds LLC now owns 4,436 shares of the company's stock worth $516,000 after purchasing an additional 487 shares in the last quarter. Focus Partners Wealth raised its holdings in Post by 11.1% during the first quarter. Focus Partners Wealth now owns 3,287 shares of the company's stock worth $382,000 after purchasing an additional 328 shares in the last quarter. Intech Investment Management LLC lifted its position in Post by 181.1% in the first quarter. Intech Investment Management LLC now owns 11,771 shares of the company's stock worth $1,370,000 after purchasing an additional 7,583 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Post by 3.9% in the second quarter. Russell Investments Group Ltd. now owns 13,289 shares of the company's stock worth $1,449,000 after purchasing an additional 494 shares during the period. 94.85% of the stock is currently owned by institutional investors.
About Post
(
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.
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