Comerica Bank cut its holdings in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,039 shares of the company's stock after selling 4,259 shares during the period. Comerica Bank owned 0.08% of Post worth $5,008,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Campbell & CO Investment Adviser LLC bought a new position in shares of Post during the first quarter valued at approximately $1,308,000. Jump Financial LLC bought a new position in shares of Post during the first quarter valued at approximately $355,000. AlphaQuest LLC boosted its stake in shares of Post by 23.1% during the first quarter. AlphaQuest LLC now owns 13,665 shares of the company's stock valued at $1,590,000 after purchasing an additional 2,566 shares in the last quarter. Clarkston Capital Partners LLC boosted its stake in shares of Post by 3.2% during the first quarter. Clarkston Capital Partners LLC now owns 3,364,510 shares of the company's stock valued at $391,494,000 after purchasing an additional 105,325 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Post by 0.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 556,982 shares of the company's stock valued at $64,812,000 after purchasing an additional 3,338 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have weighed in on POST shares. Piper Sandler raised their target price on shares of Post from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Wednesday, June 11th. Wall Street Zen upgraded shares of Post from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Evercore ISI raised their target price on shares of Post from $130.00 to $131.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Mizuho lowered their target price on shares of Post from $133.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Post from $122.00 to $131.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold 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 $131.20.
Get Our Latest Research Report on POST
Post Stock Performance
Shares of NYSE POST traded down $0.41 during midday trading on Wednesday, reaching $111.07. The company had a trading volume of 432,236 shares, compared to its average volume of 638,457. The business's 50-day simple moving average is $108.22 and its 200 day simple moving average is $111.16. The stock has a market cap of $6.03 billion, a P/E ratio of 18.89 and a beta of 0.51. Post Holdings, Inc. has a 1 year low of $101.05 and a 1 year high of $125.84. The company has a current ratio of 2.60, a quick ratio of 1.84 and a debt-to-equity ratio of 1.83.
Post (NYSE:POST - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.36. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations 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 company posted $1.54 earnings per share. On average, analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.
Post announced that its board has approved a stock buyback plan on Friday, August 29th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.
Insider Buying and Selling at Post
In other Post news, Director William P. Stiritz bought 186,740 shares of Post stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average price of $109.11 per share, with a total value of $20,375,201.40. Following the completion of the acquisition, the director directly owned 4,298,667 shares in the company, valued at approximately $469,027,556.37. This trade represents a 4.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $190,697.50. Following the sale, the chief executive officer owned 43,751 shares in the company, valued at approximately $4,767,546.47. This represents a 3.85% decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.40% of the company's stock.
About Post
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Free Report)
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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