Raymond James & Associates Has $38.97 Million Stake in Post Holdings, Inc. (NYSE:POST)

Raymond James & Associates decreased its holdings in shares of Post Holdings, Inc. (NYSE:POST) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 374,112 shares of the company’s stock after selling 13,933 shares during the quarter. Raymond James & Associates owned 0.62% of Post worth $38,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Welch Group LLC acquired a new position in shares of Post in the second quarter valued at approximately $354,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Post by 36.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,510 shares of the company’s stock valued at $574,000 after buying an additional 1,483 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Post in the second quarter valued at approximately $27,000. Carolina Wealth Advisors LLC increased its stake in shares of Post by 11.9% in the second quarter. Carolina Wealth Advisors LLC now owns 7,178 shares of the company’s stock valued at $748,000 after buying an additional 763 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of Post by 6.2% in the second quarter. Park Avenue Securities LLC now owns 6,556 shares of the company’s stock valued at $683,000 after buying an additional 384 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert E. Grote sold 16,845 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $104.58, for a total value of $1,761,650.10. Following the transaction, the director now directly owns 4,400 shares in the company, valued at approximately $460,152. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Post news, Director Robert E. Grote sold 16,845 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $104.58, for a total transaction of $1,761,650.10. Following the transaction, the director now directly owns 4,400 shares in the company, valued at approximately $460,152. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas C. Erb acquired 2,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of $112.94 per share, for a total transaction of $225,880.00. Following the completion of the purchase, the director now owns 35,475 shares in the company, valued at approximately $4,006,546.50. The disclosure for this purchase can be found here. 10.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on POST shares. Barclays increased their target price on shares of Post from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Evercore ISI increased their target price on shares of Post from $122.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Post from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Stifel Nicolaus increased their target price on shares of Post from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company increased their target price on shares of Post from $108.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.33.

Post Price Performance

Post stock opened at $115.09 on Tuesday. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 22.05 and a beta of 0.64. Post Holdings, Inc. has a 52-week low of $78.85 and a 52-week high of $115.32. The stock’s 50 day moving average price is $107.37 and its two-hundred day moving average price is $105.54. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.12 and a current ratio of 2.05.

Post (NYSE:POST) last issued its earnings results on Thursday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.33. Post had a return on equity of 10.91% and a net margin of 4.46%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the business earned $1.52 EPS. Post’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Post Holdings, Inc. will post 5.95 earnings per share for the current year.

Post 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.