CCM Investment Group LLC Purchases New Stake in Post Holdings, Inc. (NYSE:POST)

Key Points

• CCM Investment Group LLC has acquired a new stake in Post Holdings, Inc., purchasing 2,905 shares valued at approximately $334,000 in the first quarter.
• Post Holdings recently reported impressive earnings, with an EPS of $2.03, exceeding analysts' expectations, and a revenue of $1.98 billion.
• Several analysts have upgraded their ratings on Post's shares, with price targets ranging from $117.00 to $150.00 and a consensus rating of "Moderate Buy".

CCM Investment Group LLC purchased a new stake in Post Holdings, Inc. (NYSE:POST - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,905 shares of the company's stock, valued at approximately $334,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Post by 5.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 269,246 shares of the company's stock worth $30,818,000 after purchasing an additional 15,020 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Post by 49.9% during the fourth quarter. Russell Investments Group Ltd. now owns 19,347 shares of the company's stock worth $2,215,000 after purchasing an additional 6,442 shares during the period. Advisory Services Network LLC raised its holdings in shares of Post by 149.2% during the fourth quarter. Advisory Services Network LLC now owns 7,724 shares of the company's stock worth $884,000 after purchasing an additional 4,624 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Post during the fourth quarter worth $36,751,000. Finally, Sterling Capital Management LLC raised its holdings in shares of Post by 47.3% during the fourth quarter. Sterling Capital Management LLC now owns 2,936 shares of the company's stock worth $336,000 after purchasing an additional 943 shares during the period. 94.85% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Post

In other news, CEO Nicolas Catoggio sold 1,750 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $108.97, for a total transaction of $190,697.50. Following the completion of the transaction, the chief executive officer owned 43,751 shares in the company, valued at approximately $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 accessible through this link. Also, Director William P. Stiritz acquired 186,740 shares of Post stock in a transaction dated Thursday, June 5th. The shares were acquired at an average price of $109.11 per share, with a total value of $20,375,201.40. Following the transaction, the director owned 4,298,667 shares in the company, valued at approximately $469,027,556.37. This represents a 4.54% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.40% of the company's stock.

Post Stock Performance

Shares of POST opened at $107.80 on Monday. The firm has a 50-day moving average price of $108.48 and a 200 day moving average price of $110.91. The firm has a market capitalization of $6.01 billion, a PE ratio of 18.33 and a beta of 0.49. The company has a quick ratio of 1.84, a current ratio of 2.60 and a debt-to-equity ratio of 1.83. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.36. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.95 billion. Post had a net margin of 4.62% and a return on equity of 10.80%. Post's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 EPS. On average, sell-side analysts anticipate that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on POST shares. Wall Street Zen raised shares of Post from a "hold" rating to a "buy" rating in a report on Saturday. Piper Sandler increased their price objective on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Mizuho dropped their price objective on shares of Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Wells Fargo & Company dropped their price objective on shares of Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 9th. Finally, Evercore ISI increased 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $131.25.

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.

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