Raymond James & Associates lifted its stake in shares of Post Holdings Inc (NYSE:POST) by 11.2% in the second quarter, Holdings Channel.com reports. The fund owned 224,421 shares of the company’s stock after acquiring an additional 22,616 shares during the quarter. Raymond James & Associates’ holdings in Post were worth $19,664,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. IndexIQ Advisors LLC boosted its position in shares of Post by 20.5% during the 1st quarter. IndexIQ Advisors LLC now owns 822 shares of the company’s stock valued at $68,000 after purchasing an additional 140 shares in the last quarter. Pendal Group Ltd boosted its holdings in shares of Post by 72.8% during the 1st quarter. Pendal Group Ltd now owns 1,370 shares of the company’s stock worth $114,000 after buying an additional 577 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Post during the 2nd quarter worth approximately $129,000. Tower Research Capital LLC TRC increased its stake in shares of Post by 169.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,661 shares of the company’s stock valued at $138,000 after acquiring an additional 1,045 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in Post during the first quarter worth $154,000. Institutional investors and hedge funds own 89.02% of the company’s stock.
POST has been the topic of several research reports. Jefferies Financial Group dropped their price objective on shares of Post from $112.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Barclays reaffirmed a “buy” rating on shares of Post in a research note on Tuesday, May 12th. Citigroup reduced their price objective on Post from $120.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, April 8th. Goldman Sachs Group raised Post from a “neutral” rating to a “buy” rating and upped their target price for the stock from $99.00 to $120.00 in a research report on Monday, June 22nd. Finally, Wells Fargo & Co reduced their price target on shares of Post from $120.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $113.10.
POST opened at $88.74 on Friday. Post Holdings Inc has a 1 year low of $68.97 and a 1 year high of $112.38. The company has a debt-to-equity ratio of 2.50, a current ratio of 3.23 and a quick ratio of 2.46. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 22.24 and a beta of 0.63. The firm’s fifty day moving average price is $87.94 and its two-hundred day moving average price is $92.69.
Post (NYSE:POST) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.26). The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Post had a positive return on equity of 9.54% and a negative net margin of 2.35%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. As a group, equities analysts anticipate that Post Holdings Inc will post 3.06 EPS for the current year.
In other news, Director David P. Skarie sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $89.15, for a total value of $356,600.00. Following the completion of the transaction, the director now directly owns 26,493 shares of the company’s stock, valued at $2,361,850.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.70% of the stock is owned by insiders.
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.
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