American International Group Inc. Cuts Stock Position in Post Holdings, Inc. (NYSE:POST)

American International Group Inc. lessened its stake in Post Holdings, Inc. (NYSE:POST) by 2.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,672 shares of the company’s stock after selling 1,967 shares during the quarter. American International Group Inc. owned approximately 0.11% of Post worth $7,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ironwood Investment Counsel LLC increased its holdings in Post by 2.3% in the 4th quarter. Ironwood Investment Counsel LLC now owns 4,615 shares of the company’s stock worth $406,000 after acquiring an additional 105 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Post by 7.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,649 shares of the company’s stock valued at $145,000 after acquiring an additional 112 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Post by 56.8% during the 1st quarter. Venturi Wealth Management LLC now owns 359 shares of the company’s stock valued at $38,000 after acquiring an additional 130 shares during the last quarter. M&T Bank Corp boosted its position in shares of Post by 4.9% during the 4th quarter. M&T Bank Corp now owns 3,139 shares of the company’s stock valued at $277,000 after acquiring an additional 146 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Post by 45.9% during the 4th quarter. Fifth Third Bancorp now owns 610 shares of the company’s stock valued at $54,000 after acquiring an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on POST shares. Evercore ISI boosted their price target on shares of Post from $118.00 to $122.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Barclays boosted their price target on shares of Post from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Finally, Stifel Nicolaus boosted their price target on shares of Post from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $113.67.

Insider Transactions at Post

In related news, Director Gregory L. Curl sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $106.06, for a total value of $424,240.00. Following the sale, the director now owns 21,181 shares of the company’s stock, valued at $2,246,456.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Gregory L. Curl sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $106.06, for a total value of $424,240.00. Following the sale, the director now owns 21,181 shares of the company’s stock, valued at $2,246,456.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nicolas Catoggio sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $105.62, for a total transaction of $158,430.00. Following the completion of the sale, the chief executive officer now directly owns 73,492 shares in the company, valued at approximately $7,762,225.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,345 shares of company stock valued at $2,344,320. 10.70% of the stock is currently owned by corporate insiders.

Post Stock Down 0.2 %

Shares of POST opened at $108.00 on Friday. The stock has a market capitalization of $6.54 billion, a PE ratio of 20.69 and a beta of 0.64. Post Holdings, Inc. has a 1 year low of $78.85 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.20 and a current ratio of 2.16. The company’s 50-day simple moving average is $105.09 and its 200-day simple moving average is $103.12.

Post (NYSE:POST) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.22. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Post had a net margin of 4.38% and a return on equity of 10.93%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 earnings per share. Analysts forecast that Post Holdings, Inc. will post 5.71 earnings per share for the current fiscal year.

About Post

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.