Nuveen LLC Takes Position in Post Holdings, Inc. $POST

Key Points

• Nuveen LLC has acquired 296,738 shares of Post Holdings, Inc., valued at approximately $34.5 million, raising its ownership stake to about 0.53% of the company.
• Analysts' price targets for Post stock have varied, with existing targets ranging from $117.00 to $150.00, and the company currently holds an average rating of "Moderate Buy."
• In recent trading, Post shares opened at $108.55, with a market capitalization of $5.90 billion and reported quarterly earnings showing a 1.9% year-over-year revenue increase.

Nuveen LLC acquired a new position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 296,738 shares of the company's stock, valued at approximately $34,528,000. Nuveen LLC owned 0.53% of Post as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in POST. The Manufacturers Life Insurance Company increased its stake in shares of Post by 403.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 986,975 shares of the company's stock valued at $112,969,000 after acquiring an additional 790,782 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Post by 53.4% during the fourth quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company's stock valued at $119,646,000 after acquiring an additional 364,006 shares during the period. Vanguard Group Inc. increased its stake in shares of Post by 5.4% during the first quarter. Vanguard Group Inc. now owns 5,418,085 shares of the company's stock valued at $630,448,000 after acquiring an additional 277,786 shares during the period. GAMMA Investing LLC increased its stake in shares of Post by 10,001.8% during the first quarter. GAMMA Investing LLC now owns 176,984 shares of the company's stock valued at $20,594,000 after acquiring an additional 175,232 shares during the period. Finally, Freestone Grove Partners LP acquired a new position in shares of Post during the fourth quarter valued at approximately $19,576,000. Institutional investors and hedge funds own 94.85% of the company's stock.

Post Stock Up 0.9%

Shares of Post stock traded up $0.9850 during midday trading on Wednesday, reaching $110.8250. 239,996 shares of the company's stock traded hands, compared to its average volume of 635,301. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 18.84 and a beta of 0.49. The company's 50 day simple moving average is $108.25 and its 200 day simple moving average is $110.93. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.84 and a current ratio of 2.60. Post Holdings, Inc. has a 52 week low of $101.05 and a 52 week high of $125.84.

Post (NYSE:POST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.67 by $0.36. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.95 billion. Post had a net margin of 4.62% and a return on equity of 10.80%. The business's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. Equities analysts expect that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Post

In other Post news, CEO Nicolas Catoggio sold 1,750 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $108.97, for a total value of $190,697.50. Following the sale, the chief executive officer directly owned 43,751 shares in the company, valued at $4,767,546.47. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William P. Stiritz bought 186,740 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were acquired at an average price of $109.11 per share, for a total transaction of $20,375,201.40. Following the completion of the transaction, the director owned 4,298,667 shares in the company, valued at $469,027,556.37. This represents a 4.54% increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.40% of the company's stock.

Analysts Set New Price Targets

POST has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 9th. Mizuho reduced their target price on shares of Post from $133.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Piper Sandler raised their target price on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Wall Street Zen upgraded shares of Post from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Evercore ISI raised their price objective on shares of Post from $130.00 to $131.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $129.40.

Post 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.