Bank of New York Mellon Corp cut its position in Post Holdings Inc (NYSE:POST) by 0.1% in the fourth quarter, HoldingsChannel reports. The firm owned 667,841 shares of the company’s stock after selling 720 shares during the quarter. Bank of New York Mellon Corp’s holdings in Post were worth $59,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in POST. Morgan Stanley grew its stake in Post by 109.2% during the third quarter. Morgan Stanley now owns 215,150 shares of the company’s stock valued at $21,093,000 after acquiring an additional 112,306 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Post by 43,844.0% during the third quarter. Panagora Asset Management Inc. now owns 87,888 shares of the company’s stock valued at $8,617,000 after acquiring an additional 87,688 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Post during the third quarter valued at $990,000. Brown Advisory Inc. grew its stake in Post by 54.6% during the third quarter. Brown Advisory Inc. now owns 20,750 shares of the company’s stock valued at $2,034,000 after acquiring an additional 7,325 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Post by 22.6% during the third quarter. Wells Fargo & Company MN now owns 162,589 shares of the company’s stock valued at $15,941,000 after acquiring an additional 29,970 shares in the last quarter.

In other Post news, Director William P. Stiritz acquired 35,755 shares of the company’s stock in a transaction on Friday, February 8th. The stock was acquired at an average cost of $97.75 per share, with a total value of $3,495,051.25. Following the purchase, the director now directly owns 2,692,108 shares of the company’s stock, valued at approximately $263,153,557. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert E. Grote sold 750 shares of Post stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $99.89, for a total transaction of $74,917.50. Following the completion of the transaction, the director now directly owns 6,950 shares of the company’s stock, valued at $694,235.50. The disclosure for this sale can be found here. Insiders acquired a total of 170,094 shares of company stock valued at $16,488,054 over the last three months. Corporate insiders own 8.10% of the company’s stock.

POST has been the subject of several research analyst reports. Citigroup set a $120.00 target price on shares of Post and gave the company a “buy” rating in a research note on Tuesday, November 20th. Wells Fargo & Co raised their target price on shares of Post from $114.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, February 4th. SunTrust Banks raised their target price on shares of Post to $115.00 and gave the company a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of Post from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. Finally, Barclays reaffirmed a “buy” rating on shares of Post in a research note on Tuesday, November 20th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $113.75.

POST opened at $102.93 on Friday. The firm has a market cap of $6.84 billion, a P/E ratio of 25.23, a P/E/G ratio of 3.37 and a beta of 0.22. Post Holdings Inc has a fifty-two week low of $70.66 and a fifty-two week high of $104.41. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.56 and a quick ratio of 0.93.

Post (NYSE:POST) last issued its quarterly earnings data on Thursday, January 31st. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. Post had a net margin of 4.78% and a return on equity of 10.53%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. As a group, research analysts predict that Post Holdings Inc will post 5 EPS for the current year.

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Post Company Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.

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Institutional Ownership by Quarter for Post (NYSE:POST)

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