The Manufacturers Life Insurance Company boosted its holdings in shares of Post Holdings Inc (NYSE:POST) by 53.3% in the first quarter, Holdings Channel reports. The institutional investor owned 167,688 shares of the company’s stock after purchasing an additional 58,307 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Post were worth $12,704,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its stake in shares of Post by 734.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,319 shares of the company’s stock worth $105,000 after purchasing an additional 1,161 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Post by 113.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,467 shares of the company’s stock worth $114,000 after purchasing an additional 780 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Post during the 4th quarter worth approximately $117,000. Ironwood Investment Counsel LLC acquired a new stake in shares of Post during the 1st quarter worth approximately $231,000. Finally, Laurel Wealth Advisors Inc. acquired a new stake in shares of Post during the 4th quarter worth approximately $250,000.
In related news, Director David P. Skarie sold 2,500 shares of Post stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $76.96, for a total value of $192,400.00. Following the sale, the director now owns 27,493 shares of the company’s stock, valued at approximately $2,115,861.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.40% of the stock is currently owned by company insiders.
A number of brokerages have recently commented on POST. ValuEngine raised shares of Post from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Zacks Investment Research cut shares of Post from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Citigroup set a $105.00 price objective on shares of Post and gave the stock a “buy” rating in a research note on Tuesday, May 8th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $105.00 price objective on shares of Post in a research note on Friday, May 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $99.86.
Post opened at $87.51 on Wednesday, Marketbeat Ratings reports. Post Holdings Inc has a 1 year low of $70.66 and a 1 year high of $88.93. The firm has a market capitalization of $5.90 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.88 and a beta of -0.08. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.38 and a current ratio of 2.24.
Post (NYSE:POST) last released its quarterly earnings results on Thursday, May 3rd. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). Post had a net margin of 5.94% and a return on equity of 9.07%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business posted $0.55 EPS. Post’s revenue was up 26.3% compared to the same quarter last year. analysts forecast that Post Holdings Inc will post 4.34 EPS for the current year.
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It manufactures and sells ready-to-eat cereal and hot cereal, egg, refrigerated potato, cheese and other dairy case, and pasta products; and markets and distributes ready-to-drink beverages, bars, powders and other nutritional supplements.
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