Charles Schwab Investment Management Inc. Sells 16,903 Shares of Post Holdings, Inc. (NYSE:POST)

Charles Schwab Investment Management Inc. lessened its stake in shares of Post Holdings, Inc. (NYSE:POST) by 5.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 319,621 shares of the company’s stock after selling 16,903 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Post were worth $36,996,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in POST. Point72 Asset Management L.P. grew its position in shares of Post by 51.4% in the second quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company’s stock valued at $128,863,000 after purchasing an additional 419,945 shares in the last quarter. Braun Stacey Associates Inc. bought a new position in shares of Post in the third quarter worth approximately $23,089,000. Allspring Global Investments Holdings LLC grew its stake in shares of Post by 901.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 179,222 shares of the company’s stock worth $20,745,000 after purchasing an additional 161,334 shares during the last quarter. Adams Diversified Equity Fund Inc. purchased a new position in shares of Post during the 3rd quarter worth approximately $14,480,000. Finally, F M Investments LLC purchased a new stake in shares of Post in the 2nd quarter worth about $8,873,000. 94.85% of the stock is currently owned by institutional investors.

Post Trading Up 0.2 %

Shares of NYSE:POST opened at $120.70 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66. Post Holdings, Inc. has a 12-month low of $85.17 and a 12-month high of $121.38. The business has a 50 day moving average of $113.15 and a two-hundred day moving average of $110.57. The company has a market capitalization of $7.05 billion, a PE ratio of 21.40 and a beta of 0.64.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company reduced their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of Post from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, Stifel Nicolaus upped their target price on shares of Post from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.17.

Insider Buying and Selling

In other news, COO Jeff A. Zadoks sold 28,969 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.70% of the stock is owned by insiders.

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.