PDT Partners LLC Invests $2.39 Million in Post Holdings, Inc. $POST

Key Points

• PDT Partners LLC acquired 20,520 shares of Post Holdings, Inc., valued at approximately $2.39 million, marking a significant addition to their investment portfolio.
• Post Holdings reported quarterly earnings of $2.03 per share, exceeding analysts' expectations by $0.36 and indicating a 1.9% revenue increase compared to the previous year.
• Analysts have varying price targets for Post Holdings, with JPMorgan Chase raising its target from $122 to $131, reflecting a generally positive outlook on the stock's performance.

PDT Partners LLC acquired a new stake in Post Holdings, Inc. (NYSE:POST - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,520 shares of the company's stock, valued at approximately $2,388,000.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on POST shares. Mizuho lowered their target price 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. JPMorgan Chase & Co. upped their target price on Post from $122.00 to $131.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Piper Sandler increased their target price on Post from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Wall Street Zen raised Post from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Wells Fargo & Company reduced their price objective 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. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Post has a consensus rating of "Moderate Buy" and an average price target of $131.20.

Post Trading Up 0.2%

Post stock traded up $0.24 during trading on Friday, reaching $108.21. The company had a trading volume of 750,081 shares, compared to its average volume of 641,061. Post Holdings, Inc. has a 12-month low of $101.05 and a 12-month high of $125.84. The stock's 50 day moving average price is $108.26 and its two-hundred day moving average price is $111.11. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 18.40 and a beta of 0.51. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.84 and a current ratio of 2.60.

Post (NYSE:POST - Get Free Report) last released 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. Post had a net margin of 4.62% and a return on equity of 10.80%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the firm earned $1.54 earnings per share. Post's revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts expect that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Post declared that its Board of Directors has authorized a stock repurchase plan on Friday, August 29th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Insider Transactions at Post

In other news, Director William P. Stiritz bought 36,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $109.53 per share, for a total transaction of $3,943,080.00. Following the completion of the purchase, the director owned 4,334,667 shares of the company's stock, valued at $474,776,076.51. This trade represents a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.40% of the stock is currently owned by corporate insiders.

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.