State of New Jersey Common Pension Fund D Sells 1,825 Shares of Post Holdings, Inc. (NYSE:POST)

State of New Jersey Common Pension Fund D reduced its position in shares of Post Holdings, Inc. (NYSE:POST) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,245 shares of the company’s stock after selling 1,825 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Post were worth $1,996,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Post in the 2nd quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new stake in shares of Post in the third quarter valued at approximately $27,000. New Covenant Trust Company N.A. bought a new position in shares of Post during the 1st quarter worth approximately $29,000. Bessemer Group Inc. increased its holdings in shares of Post by 263.8% during the 1st quarter. Bessemer Group Inc. now owns 342 shares of the company’s stock worth $36,000 after acquiring an additional 248 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Post in the 2nd quarter valued at $62,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Post Stock Performance

Shares of NYSE:POST opened at $106.14 on Friday. Post Holdings, Inc. has a 12-month low of $82.86 and a 12-month high of $118.96. The company’s 50 day moving average price is $112.95 and its two-hundred day moving average price is $109.71. The firm has a market cap of $6.20 billion, a PE ratio of 19.77 and a beta of 0.64. The company has a quick ratio of 1.12, a current ratio of 2.05 and a debt-to-equity ratio of 1.62.

Wall Street Analysts Forecast Growth

Several research firms have commented on POST. JPMorgan Chase & Co. upped their price objective on shares of Post from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Stifel Nicolaus increased their price target on shares of Post from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, August 5th. Wells Fargo & Company boosted their price objective on Post from $108.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, Evercore ISI increased their target price on Post from $122.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.33.

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.