Landscape Capital Management L.L.C. Acquires Shares of 10,969 Post Holdings, Inc. $POST

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in Post Holdings, Inc., purchasing 10,969 shares valued at approximately $1,276,000.
• Post Holdings reported a quarterly earnings per share of $2.03, exceeding the consensus estimate by $0.36, alongside revenues of $1.98 billion.
• The company's Board of Directors has initiated a stock buyback program, signaling a belief that the shares may be undervalued.

Landscape Capital Management L.L.C. acquired a new stake in Post Holdings, Inc. (NYSE:POST - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,969 shares of the company's stock, valued at approximately $1,276,000.

Other large investors have also modified their holdings of the company. Brooklyn Investment Group raised its holdings in Post by 232.1% in the 1st quarter. Brooklyn Investment Group now owns 279 shares of the company's stock valued at $32,000 after acquiring an additional 195 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Post by 68.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock worth $41,000 after purchasing an additional 143 shares during the period. Millstone Evans Group LLC boosted its holdings in Post by 167.2% in the 1st quarter. Millstone Evans Group LLC now owns 358 shares of the company's stock valued at $42,000 after purchasing an additional 224 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Post by 200.0% in the 1st quarter. Bessemer Group Inc. now owns 477 shares of the company's stock valued at $56,000 after buying an additional 318 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Post by 112.8% during the 1st quarter. Parallel Advisors LLC now owns 717 shares of the company's stock worth $83,000 after buying an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company's stock.

Post Stock Down 0.5%

POST stock traded down $0.53 during mid-day trading on Wednesday, reaching $110.95. The company had a trading volume of 490,255 shares, compared to its average volume of 638,756. The firm has a fifty day simple moving average of $108.22 and a 200 day simple moving average of $111.16. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.84 and a current ratio of 2.60. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 18.87 and a beta of 0.51. Post Holdings, Inc. has a fifty-two week low of $101.05 and a fifty-two week high of $125.84.

Post (NYSE:POST - Get Free Report) last issued 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 company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.95 billion. Post had a net margin of 4.62% and a return on equity of 10.80%. The firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 earnings per share. 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 share buyback program on Friday, August 29th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other news, CEO Nicolas Catoggio sold 1,750 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 43,751 shares in the company, valued at approximately $4,767,546.47. The trade was a 3.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William P. Stiritz bought 36,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $109.53 per share, for a total transaction of $3,943,080.00. Following the completion of the transaction, the director directly owned 4,334,667 shares in the company, valued at approximately $474,776,076.51. The trade was a 0.84% increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on POST. Evercore ISI upped their price objective on Post from $130.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Mizuho lowered their price target on Post from $133.00 to $127.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Wall Street Zen raised shares of Post from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Piper Sandler lifted their price target on shares of Post from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Finally, Wells Fargo & Company dropped their target price on shares of Post from $120.00 to $117.00 and set an "equal weight" rating for the company in a report on Wednesday, July 9th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $131.20.

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.