Verition Fund Management LLC Decreases Holdings in Post Holdings, Inc. (NYSE:POST)

Verition Fund Management LLC cut its stake in Post Holdings, Inc. (NYSE:POST) by 71.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,918 shares of the company’s stock after selling 159,271 shares during the quarter. Verition Fund Management LLC owned about 0.11% of Post worth $7,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of POST. Cetera Investment Advisers grew its stake in Post by 664.8% during the 1st quarter. Cetera Investment Advisers now owns 25,405 shares of the company’s stock valued at $2,700,000 after purchasing an additional 22,083 shares in the last quarter. Cerity Partners LLC grew its position in shares of Post by 46.6% during the third quarter. Cerity Partners LLC now owns 30,562 shares of the company’s stock worth $3,538,000 after buying an additional 9,711 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Post in the second quarter worth $1,824,000. Sanctuary Advisors LLC acquired a new stake in Post in the second quarter valued at $510,000. Finally, Lecap Asset Management Ltd. bought a new position in Post during the 2nd quarter valued at $769,000. Institutional investors and hedge funds own 94.85% of the company’s stock.

Post Price Performance

Shares of POST opened at $120.48 on Monday. Post Holdings, Inc. has a 12 month low of $83.73 and a 12 month high of $121.07. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.36 and a quick ratio of 1.56. The stock has a fifty day moving average price of $113.03 and a 200 day moving average price of $110.47. The company has a market cap of $7.04 billion, a P/E ratio of 21.36 and a beta of 0.64.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Post from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Wells Fargo & Company reduced their target price on Post from $120.00 to $116.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 19th. Evercore ISI upped their price target on Post from $123.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Stifel Nicolaus lifted their price objective on shares of Post from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Post has a consensus rating of “Moderate Buy” and an average target price of $124.17.

Post Company Profile

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.