Post Holdings, Inc. (NYSE:POST) is Iridian Asset Management LLC CT’s 7th Largest Position

Iridian Asset Management LLC CT cut its position in shares of Post Holdings, Inc. (NYSE:POST) by 19.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 171,188 shares of the company’s stock after selling 41,569 shares during the period. Post comprises about 4.2% of Iridian Asset Management LLC CT’s holdings, making the stock its 7th largest position. Iridian Asset Management LLC CT’s holdings in Post were worth $19,815,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of POST. Janney Montgomery Scott LLC acquired a new stake in Post in the 1st quarter valued at $605,000. Quadrature Capital Ltd grew its stake in shares of Post by 133.9% in the first quarter. Quadrature Capital Ltd now owns 23,586 shares of the company’s stock valued at $2,506,000 after buying an additional 13,503 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Post by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 5,288,249 shares of the company’s stock valued at $562,035,000 after buying an additional 332,811 shares during the period. Cetera Investment Advisers lifted its position in Post by 664.8% during the 1st quarter. Cetera Investment Advisers now owns 25,405 shares of the company’s stock worth $2,700,000 after acquiring an additional 22,083 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in Post in the 1st quarter worth approximately $1,772,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Post Trading Down 0.5 %

NYSE POST opened at $109.41 on Thursday. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 20.37 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.05 and a quick ratio of 1.12. Post Holdings, Inc. has a 12 month low of $79.78 and a 12 month high of $118.96. The company’s fifty day moving average price is $114.75 and its two-hundred day moving average price is $109.33.

Post (NYSE:POST) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.21 by $0.33. 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 4.46% and a return on equity of 10.91%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.52 earnings per share. As a group, research analysts predict that Post Holdings, Inc. will post 5.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

POST has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Post from $108.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Stifel Nicolaus lifted their price target on shares of Post from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Evercore ISI boosted their price objective on shares of Post from $122.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, 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 research report on Tuesday, August 6th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.33.

Insiders Place Their Bets

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

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.