Truist Financial Corp Has $247,000 Stock Holdings in Post Holdings, Inc. (NYSE:POST)

Truist Financial Corp grew its position in shares of Post Holdings, Inc. (NYSE:POST) by 5.0% in the second quarter, HoldingsChannel reports. The fund owned 2,376 shares of the company’s stock after acquiring an additional 114 shares during the period. Truist Financial Corp’s holdings in Post were worth $247,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in POST. Vanguard Group Inc. increased its position in shares of Post by 6.7% in the first quarter. Vanguard Group Inc. now owns 5,288,249 shares of the company’s stock valued at $562,035,000 after acquiring an additional 332,811 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Post by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,063,104 shares of the company’s stock worth $319,052,000 after purchasing an additional 27,448 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Post by 51.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company’s stock worth $128,863,000 after purchasing an additional 419,945 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Post by 3.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 874,320 shares of the company’s stock valued at $91,069,000 after buying an additional 32,188 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Post by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 580,292 shares of the company’s stock valued at $61,674,000 after buying an additional 15,975 shares in the last quarter. 94.85% of the stock is owned by institutional investors.

Post Trading Down 0.6 %

Shares of POST stock opened at $115.21 on Friday. Post Holdings, Inc. has a 12-month low of $79.78 and a 12-month high of $118.96. The company has a market capitalization of $6.73 billion, a PE ratio of 21.45 and a beta of 0.63. The firm has a 50 day moving average price of $115.03 and a two-hundred day moving average price of $108.78. The company has a quick ratio of 1.12, a current ratio of 2.05 and a debt-to-equity ratio of 1.62.

Post (NYSE:POST) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.33. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.02 billion. Post had a return on equity of 10.91% and a net margin of 4.46%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. As a group, analysts predict that Post Holdings, Inc. will post 5.95 earnings per share for the current year.

Insider Activity at Post

In other Post news, Director Thomas C. Erb bought 2,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were bought at an average cost of $112.94 per share, with a total value of $225,880.00. Following the completion of the acquisition, the director now owns 35,475 shares of the company’s stock, valued at $4,006,546.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 10.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of Post from $108.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Stifel Nicolaus raised their target price on shares of Post from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price target on Post from $118.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI raised their price objective on Post from $122.00 to $123.00 and gave the company an “outperform” rating in a research report 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.