Laurel Wealth Advisors Inc. bought a new stake in shares of Post Holdings Inc (NYSE:POST) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 3,163 shares of the company’s stock, valued at approximately $250,000.
Several other institutional investors have also modified their holdings of the business. Levin Capital Strategies L.P. boosted its stake in Post by 371.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 985,710 shares of the company’s stock worth $78,098,000 after purchasing an additional 776,411 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Post by 46.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,312,200 shares of the company’s stock worth $183,196,000 after buying an additional 734,100 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Post by 23.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,027,185 shares of the company’s stock valued at $176,447,000 after acquiring an additional 380,818 shares during the period. Armistice Capital LLC bought a new position in Post in the 4th quarter valued at about $24,720,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Post in the 4th quarter valued at about $18,112,000.
POST has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Post from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 25th. ValuEngine lowered shares of Post from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Pivotal Research restated a “buy” rating and issued a $105.00 target price on shares of Post in a research report on Friday, February 2nd. Vertical Group upgraded shares of Post from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Wells Fargo cut their price target on shares of Post from $106.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. Post has an average rating of “Buy” and a consensus price target of $100.13.
In other news, CFO Jeff A. Zadoks bought 1,353 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $73.30 per share, with a total value of $99,174.90. Following the acquisition, the chief financial officer now owns 7,668 shares of the company’s stock, valued at approximately $562,064.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William P. Stiritz bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $71.99 per share, for a total transaction of $7,199,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 104,073 shares of company stock worth $7,498,693 over the last 90 days. 7.40% of the stock is currently owned by corporate insiders.
Post stock traded down $0.44 during midday trading on Friday, hitting $77.94. 497,092 shares of the stock were exchanged, compared to its average volume of 759,479. Post Holdings Inc has a 52-week low of $70.66 and a 52-week high of $89.04. The stock has a market cap of $5,355.41, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.23 and a beta of -0.08. The company has a debt-to-equity ratio of 2.47, a quick ratio of 3.27 and a current ratio of 4.05.
Post (NYSE:POST) last released its earnings results on Thursday, February 1st. The company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.04). The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Post had a net margin of 4.54% and a return on equity of 7.90%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. analysts predict that Post Holdings Inc will post 4.53 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/08/laurel-wealth-advisors-inc-acquires-shares-of-3163-post-holdings-inc-post.html.
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
Receive News & Ratings for Post Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Post and related companies with MarketBeat.com's FREE daily email newsletter.