Caxton Associates LLP Buys Shares of 7,190 Post Holdings, Inc. $POST

Key Points

• Caxton Associates LLP acquired a new position in Post Holdings, Inc. during the first quarter, purchasing 7,190 shares valued at approximately $837,000.
• Insider Director William P. Stiritz purchased 36,000 shares at an average price of $109.53, boosting his ownership to over 4.3 million shares.
• Analyst ratings for Post include a recent upgrade to "buy" from "hold," with a consensus target price of $131.20, reflecting positive sentiment among brokerages.

Caxton Associates LLP purchased 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 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,190 shares of the company's stock, valued at approximately $837,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Post in the first quarter worth approximately $623,000. Plancorp LLC raised its holdings in shares of Post by 0.6% in the 1st quarter. Plancorp LLC now owns 31,170 shares of the company's stock valued at $3,627,000 after purchasing an additional 189 shares in the last quarter. National Wealth Management Group LLC purchased a new stake in shares of Post during the 1st quarter worth $390,000. Hancock Whitney Corp acquired a new position in shares of Post during the first quarter worth $352,000. Finally, PDT Partners LLC purchased a new position in Post in the first quarter valued at $2,388,000. Hedge funds and other institutional investors own 94.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on POST. Wall Street Zen upgraded Post from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Evercore ISI boosted their price objective on shares of Post from $130.00 to $131.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Piper Sandler upped their target price on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. lifted their price target on shares of Post from $122.00 to $131.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Finally, Mizuho lowered their target price on Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Post currently has a consensus rating of "Moderate Buy" and an average price target of $131.20.

Insiders Place Their Bets

In related news, Director William P. Stiritz acquired 36,000 shares of Post stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $109.53 per share, with a total value of $3,943,080.00. Following the purchase, the director directly owned 4,334,667 shares in the company, valued at $474,776,076.51. The trade was a 0.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.40% of the stock is owned by corporate insiders.

Post Stock Down 1.0%

NYSE:POST traded down $1.02 during trading hours on Friday, hitting $105.09. The stock had a trading volume of 502,987 shares, compared to its average volume of 651,618. Post Holdings, Inc. has a 1-year low of $101.05 and a 1-year high of $125.84. The company has a market cap of $5.71 billion, a PE ratio of 17.87 and a beta of 0.51. The company has a current ratio of 2.60, a quick ratio of 1.84 and a debt-to-equity ratio of 1.83. The business has a 50 day simple moving average of $107.84 and a two-hundred day simple moving average of $110.78.

Post (NYSE:POST - Get Free Report) last issued 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 company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.95 billion. Post had a return on equity of 10.80% and a net margin of 4.62%.The business's revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.54 EPS. Analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current year.

Post announced that its Board of Directors has initiated a share repurchase plan on Friday, August 29th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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.