Wallace Capital Management Inc. owns $13.92 million shares in Post Holdings, Inc. (NYSE:POST)

Wallace Capital Management Inc. reduced its position in shares of Post Holdings, Inc. (NYSE:POST – Free Report) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 133,596 shares of the company’s stock after selling 1,885 shares during the period. Post comprises about 1.8% of Wallace Capital Management Inc.’s portfolio, making the stock its 12th largest position. Wallace Capital Management Inc Holdings in Post were worth $13,915,000 as of its most recent SEC filing.

A number of other institutional investors have added to or reduced their stakes in POST. Opal Wealth Advisors LLC purchased a new position in Post in the second quarter valued at about $27,000. Parallel Advisors LLC raised its stake in Post by 487.0% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the company’s stock worth $28,000 after buying an additional 263 shares during the period. New Covenant Trust Company NA purchased a new position in Post during the first quarter worth approximately $29,000. Bessemer Group Inc. raised its stake in Post by 263.8% in the first quarter. Bessemer Group Inc. now owns 342 shares of the company’s stock worth $36,000 after purchasing an additional 248 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Post in the second quarter valued at about $62,000. 94.85% of shares are owned by institutional investors and hedge funds.

Buying and selling inside the Post

In other news, Director Thomas C. Erb acquired 2,000 shares of The Post stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $112.94 per share, with a total value of $225,880.00. Following the completion of the acquisition, the director now owns 35,475 shares in the company, valued at $4,006,546.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. 10.70% of shares are owned by corporate insiders.

The Wall Street analyst weighs in

POST has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Post from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Evercore ISI boosted their price objective on Post from $122.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on Post from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company boosted their price objective on Post from $108.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th . Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Post has an average rating of “Moderate Buy” and an average target price of $124.33.

Check out the latest stock report on POST

Post stock performance

Shares of POST stock opened at $116.10 on Monday. The firm has a market cap of $6.78 billion, a PE ratio of 22.24 and a beta of 0.63. The company has a quick ratio of 1.12, a current ratio of 2.05, and a debt-to-equity ratio of 1.62. The company has a 50-day moving average of $113.73 and a 200-day moving average of $107.80. Post Holdings, Inc. has a 12-month low of $78.85 and a 12-month high of $118.96.

Post (NYSE:POST – Get Your Free Report ) last posted its earnings results on Thursday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.33. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $2.02 billion. Post had a return on equity of 10.91% and a net margin of 4.46%. The Post’s quarterly revenues increased by 4.7% year-on-year. In the same period last year, the company posted earnings of $1.52 per share. As a group, sell-side analysts expect Post Holdings, Inc. to post 5.95 earnings per share for the current year.

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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 the Honey Bunches of Oats, Pebbles and Malt-O-Meal brands; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under the Rachael Ray Nutrish, Nature’s Recipe, 9Lives, Kibbles ‘n Bits and Gravy Train brand names.

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