Retirement Systems of Alabama Grows Holdings in Post Holdings, Inc. (NYSE:POST)

Retirement Systems of Alabama raised its position in Post Holdings, Inc. (NYSE:POST - Free Report) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,173 shares of the company's stock after acquiring an additional 4,606 shares during the period. Retirement Systems of Alabama owned about 0.17% of Post worth $11,827,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its position in 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 in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of Post in the second quarter valued at about $769,000. &PARTNERS bought a new position in shares of Post in the second quarter valued at about $500,000. Bailard Inc. bought a new stake in Post during the 2nd quarter worth about $406,000. Finally, Panagora Asset Management Inc. increased its position in Post by 135.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 15,308 shares of the company's stock valued at $1,594,000 after acquiring an additional 8,803 shares in the last quarter. Institutional investors own 94.85% of the company's stock.

Insider Transactions at Post

In related news, SVP Bradly A. Harper sold 1,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $120.09, for a total value of $120,090.00. Following the completion of the sale, the senior vice president now directly owns 11,220 shares of the company's stock, valued at approximately $1,347,409.80. This represents a 8.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jeff A. Zadoks sold 28,969 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $119.96, for a total transaction of $3,475,121.24. Following the transaction, the chief operating officer now directly owns 67,788 shares in the company, valued at $8,131,848.48. The trade was a 29.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,969 shares of company stock valued at $4,322,051 in the last quarter. 10.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

POST has been the subject of several recent research reports. Evercore ISI upped their target price on shares of Post from $123.00 to $126.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Wells Fargo & Company cut their target price on Post from $120.00 to $116.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $124.17.

Post Price Performance

NYSE:POST traded down $0.78 during trading hours on Tuesday, hitting $115.62. The company's stock had a trading volume of 779,588 shares, compared to its average volume of 537,511. The stock has a fifty day simple moving average of $113.86 and a 200-day simple moving average of $111.51. The company has a market capitalization of $6.73 billion, a P/E ratio of 20.32 and a beta of 0.66. Post Holdings, Inc. has a twelve month low of $86.60 and a twelve month high of $125.84. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.36 and a quick ratio of 1.56.

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.