Hsbc Holdings PLC cut its stake in Post Holdings, Inc. (NYSE:POST - Free Report) by 92.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,942 shares of the company's stock after selling 34,812 shares during the period. Hsbc Holdings PLC's holdings in Post were worth $342,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. increased its holdings in Post by 27.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 511,398 shares of the company's stock valued at $59,506,000 after purchasing an additional 109,126 shares in the last quarter. Aviso Financial Inc. increased its holdings in Post by 1.0% during the 1st quarter. Aviso Financial Inc. now owns 10,270 shares of the company's stock valued at $1,195,000 after purchasing an additional 100 shares in the last quarter. Brooklyn Investment Group increased its holdings in Post by 232.1% during the 1st quarter. Brooklyn Investment Group now owns 279 shares of the company's stock valued at $32,000 after purchasing an additional 195 shares in the last quarter. Ethic Inc. increased its holdings in Post by 17.7% during the 1st quarter. Ethic Inc. now owns 11,318 shares of the company's stock valued at $1,326,000 after purchasing an additional 1,705 shares in the last quarter. Finally, LGT Fund Management Co Ltd. acquired a new stake in Post during the 1st quarter valued at $5,617,000. 94.85% of the stock is owned by institutional investors and hedge funds.
Post Stock Down 0.5%
NYSE:POST opened at $110.95 on Thursday. The stock's fifty day simple moving average is $108.28 and its 200-day simple moving average is $111.16. The company has a quick ratio of 1.84, a current ratio of 2.60 and a debt-to-equity ratio of 1.83. The firm has a market capitalization of $6.03 billion, a P/E ratio of 18.87 and a beta of 0.51. Post Holdings, Inc. has a 12-month low of $101.05 and a 12-month high of $125.84.
Post (NYSE:POST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $2.03 earnings per share 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 analyst estimates of $1.95 billion. Post had a return on equity of 10.80% and a net margin of 4.62%.The company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.54 earnings per share. Equities research analysts expect that Post Holdings, Inc. will post 6.41 earnings per share for the current year.
Post declared that its board has authorized a stock buyback program on Friday, August 29th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on POST shares. Piper Sandler raised their price target on Post from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. raised their price target on Post from $122.00 to $131.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Evercore ISI lifted their target price on 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 Post from $133.00 to $127.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Finally, Wells Fargo & Company lowered their target price on Post from $120.00 to $117.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $131.20.
Get Our Latest Research Report on POST
Insiders Place Their Bets
In other Post news, Director William P. Stiritz bought 36,000 shares of Post stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $109.53 per share, for a total transaction of $3,943,080.00. Following the completion of the acquisition, the director owned 4,334,667 shares in the company, valued at approximately $474,776,076.51. The trade was a 0.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 11.40% of the company's stock.
Post Company Profile
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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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