Dynamic Technology Lab Private Ltd Purchases New Stake in Post Holdings, Inc. $POST

Key Points

• Dynamic Technology Lab Private Ltd has purchased a new stake in Post Holdings, Inc., acquiring 5,360 shares valued at approximately $623,000.
• Post Holdings reported earnings of $2.03 per share, exceeding analysts' estimates by $0.36 and experienced a revenue increase to $1.98 billion in the recent quarter.
• Research analysts have shown optimism, with several firms raising their target prices for Post shares, and a consensus price target now standing at $131.20.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,360 shares of the company's stock, valued at approximately $623,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Post by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 5,418,085 shares of the company's stock worth $630,448,000 after purchasing an additional 277,786 shares in the last quarter. Clarkston Capital Partners LLC grew its holdings in Post by 3.2% in the 1st quarter. Clarkston Capital Partners LLC now owns 3,364,510 shares of the company's stock valued at $391,494,000 after buying an additional 105,325 shares during the period. Point72 Asset Management L.P. grew its holdings in Post by 53.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,045,306 shares of the company's stock valued at $119,646,000 after buying an additional 364,006 shares during the period. Epoch Investment Partners Inc. grew its holdings in Post by 26.4% in the 1st quarter. Epoch Investment Partners Inc. now owns 915,487 shares of the company's stock valued at $106,526,000 after buying an additional 191,081 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Post by 0.6% in the 1st 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. Hedge funds and other institutional investors own 94.85% of the company's stock.

Insider Buying and Selling at Post

In other news, Director William P. Stiritz acquired 36,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $109.53 per share, for a total transaction of $3,943,080.00. Following the completion of the acquisition, the director directly owned 4,334,667 shares in the company, valued at $474,776,076.51. This represents a 0.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 11.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on POST shares. Wells Fargo & Company reduced their price target on Post from $120.00 to $117.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 9th. Piper Sandler boosted their price target on Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Mizuho dropped their price objective on Post from $133.00 to $127.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price objective on Post from $122.00 to $131.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen upgraded Post from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $131.20.

Post Stock Performance

POST traded down $2.02 during trading on Monday, reaching $102.96. 120,024 shares of the company were exchanged, compared to its average volume of 638,584. The stock has a market cap of $5.59 billion, a P/E ratio of 17.51 and a beta of 0.51. The firm has a 50 day moving average of $107.84 and a 200 day moving average of $110.77. 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 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 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. Post had a return on equity of 10.80% and a net margin of 4.62%.The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The firm's quarterly revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts forecast that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Post announced that its Board of Directors has approved a stock repurchase plan on Friday, August 29th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication 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.