First Mercantile Trust Co. lowered its position in shares of Post Holdings, Inc. (NYSE:POST) by 57.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,388 shares of the company’s stock after selling 17,742 shares during the period. First Mercantile Trust Co.’s holdings in Post Holdings were worth $1,039,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans increased its stake in Post Holdings by 9.0% in the first quarter. Thrivent Financial For Lutherans now owns 12,080 shares of the company’s stock worth $1,057,000 after buying an additional 1,000 shares in the last quarter. Private Trust Co. NA increased its stake in Post Holdings by 2.6% in the first quarter. Private Trust Co. NA now owns 2,858 shares of the company’s stock worth $250,000 after buying an additional 72 shares in the last quarter. Raymond James Trust N.A. increased its stake in Post Holdings by 5.6% in the first quarter. Raymond James Trust N.A. now owns 3,267 shares of the company’s stock worth $286,000 after buying an additional 174 shares in the last quarter. Utah Retirement Systems increased its stake in Post Holdings by 0.9% in the first quarter. Utah Retirement Systems now owns 11,800 shares of the company’s stock worth $1,033,000 after buying an additional 100 shares in the last quarter. Finally, Credit Suisse AG increased its stake in Post Holdings by 13.8% in the first quarter. Credit Suisse AG now owns 77,072 shares of the company’s stock worth $6,746,000 after buying an additional 9,317 shares in the last quarter.

Post Holdings, Inc. (POST) opened at 84.46 on Friday. The firm’s 50 day moving average price is $81.02 and its 200-day moving average price is $82.93. Post Holdings, Inc. has a 12-month low of $68.76 and a 12-month high of $89.04. The company’s market capitalization is $5.59 billion.

Post Holdings (NYSE:POST) last posted its earnings results on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that Post Holdings, Inc. will post $2.71 earnings per share for the current fiscal year.

Post Holdings declared that its board has initiated a stock buyback plan on Wednesday, June 7th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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POST has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Post Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Post Holdings in a research report on Monday, July 17th. They set a “buy” rating and a $105.00 target price for the company. Vertical Group downgraded shares of Post Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Pivotal Research reissued a “buy” rating and set a $105.00 target price on shares of Post Holdings in a research report on Wednesday, May 10th. Finally, TheStreet downgraded shares of Post Holdings from a “b” rating to a “c” rating in a research report on Tuesday, May 30th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $96.00.

About Post Holdings

Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.

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Institutional Ownership by Quarter for Post Holdings (NYSE:POST)

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