LGT Fund Management Co Ltd. Purchases New Position in Post Holdings, Inc. (NYSE:POST)

Key Points

• LGT Fund Management Co Ltd. acquired 48,269 shares of Post Holdings, valued at approximately $5.6 million, representing 0.09% ownership.
• Post Holdings reported earnings of $2.03 per share for the last quarter, exceeding the consensus estimate of $1.67, with revenues of $1.98 billion.
• The stock has seen significant institutional interest, with 94.85% of shares held by institutional investors, and analysts maintaining a consensus target price of $131.25.

LGT Fund Management Co Ltd. acquired a new position in Post Holdings, Inc. (NYSE:POST - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,269 shares of the company's stock, valued at approximately $5,617,000. LGT Fund Management Co Ltd. owned 0.09% of Post as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in Post by 200.0% in the first quarter. Bessemer Group Inc. now owns 477 shares of the company's stock worth $56,000 after purchasing an additional 318 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Post by 12.3% in the first quarter. Envestnet Asset Management Inc. now owns 302,241 shares of the company's stock worth $35,169,000 after purchasing an additional 32,995 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Post by 7.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 6,922 shares of the company's stock valued at $805,000 after acquiring an additional 472 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Post by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 2,215 shares of the company's stock valued at $254,000 after acquiring an additional 152 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Post by 27.3% in the 1st quarter. Fifth Third Bancorp now owns 829 shares of the company's stock valued at $96,000 after acquiring an additional 178 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Mizuho cut their price target 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 upped their price target on shares of Post from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Evercore ISI upped their price target on shares of Post from $130.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Wells Fargo & Company cut their price target on shares of Post from $120.00 to $117.00 and set an "equal weight" rating for the company in a report on Wednesday, July 9th. Finally, Wall Street Zen raised shares of Post from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.25.

Insider Transactions at Post

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

Post Trading Up 0.3%

NYSE POST traded up $0.31 on Thursday, hitting $108.85. 784,487 shares of the company were exchanged, compared to its average volume of 712,050. The company's 50 day moving average price is $108.34 and its 200-day moving average price is $110.87. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.84. The firm has a market capitalization of $5.91 billion, a P/E ratio of 18.51 and a beta of 0.49. Post Holdings, Inc. has a twelve month low of $101.05 and a twelve month high of $125.84.

Post (NYSE:POST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $2.03 earnings per share (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 return on equity of 10.80% and a net margin of 4.62%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.54 EPS. Analysts predict that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

About Post

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.