Wedge Capital Management L L P NC Cuts Stake in Post Holdings, Inc. (NYSE:POST)

Wedge Capital Management L L P NC trimmed its holdings in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 19.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,521 shares of the company's stock after selling 69,666 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.50% of Post worth $34,091,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new position in Post in the second quarter worth $27,000. New Covenant Trust Company N.A. purchased a new position in Post in the first quarter worth $29,000. Bessemer Group Inc. grew its holdings in Post by 263.8% in the first quarter. Bessemer Group Inc. now owns 342 shares of the company's stock worth $36,000 after purchasing an additional 248 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Post in the second quarter worth $62,000. Finally, Versant Capital Management Inc grew its holdings in Post by 5,283.3% in the second quarter. Versant Capital Management Inc now owns 646 shares of the company's stock worth $67,000 after purchasing an additional 634 shares during the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Thomas C. Erb acquired 2,000 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was acquired at an average price of $112.94 per share, for a total transaction of $225,880.00. Following the completion of the transaction, the director now owns 35,475 shares in the company, valued at approximately $4,006,546.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 10.70% of the company's stock.

Post Stock Performance

NYSE POST traded up $1.36 on Monday, reaching $115.05. 314,341 shares of the company's stock traded hands, compared to its average volume of 523,477. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 21.87 and a beta of 0.63. The stock has a 50 day moving average price of $114.64 and a 200-day moving average price of $108.46. Post Holdings, Inc. has a fifty-two week low of $79.78 and a fifty-two week high of $118.96. 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 - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.33. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.02 billion. Post had a net margin of 4.46% and a return on equity of 10.91%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. Equities research analysts predict that Post Holdings, Inc. will post 5.95 EPS for the current fiscal year.

Post Company 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.