Post Holdings, Inc. (NYSE:POST) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in Post Holdings, Inc. (NYSE:POST - Free Report) by 34.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,670 shares of the company's stock after selling 57,720 shares during the period. Principal Financial Group Inc. owned approximately 0.19% of Post worth $12,694,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. boosted its holdings in Post by 51.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company's stock worth $128,863,000 after acquiring an additional 419,945 shares during the period. Vanguard Group Inc. boosted its stake 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 purchasing an additional 332,811 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Post by 901.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 179,222 shares of the company's stock valued at $20,745,000 after purchasing an additional 161,334 shares in the last quarter. Adams Diversified Equity Fund Inc. purchased a new stake in Post during the 3rd quarter worth $14,480,000. Finally, F M Investments LLC acquired a new position in Post in the 2nd quarter worth $8,873,000. Hedge funds and other institutional investors own 94.85% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on POST shares. Stifel Nicolaus increased their price target on Post from $120.00 to $130.00 and gave the company a "buy" rating in a report on Monday, August 5th. Wells Fargo & Company increased 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. Evercore ISI upped their target price on shares of Post from $122.00 to $123.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. lifted their price target on Post from $118.00 to $125.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $124.33.

Post Stock Performance

Shares of NYSE POST traded down $1.64 during midday trading on Friday, hitting $106.14. The company's stock had a trading volume of 1,446,507 shares, compared to its average volume of 449,494. 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 Holdings, Inc. has a 1-year low of $82.86 and a 1-year high of $118.96. The firm's fifty day moving average price is $112.95 and its 200-day moving average price is $109.73. The firm has a market cap of $6.20 billion, a P/E ratio of 18.82 and a beta of 0.64.

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.