Post Holdings, Inc. $POST Holdings Lifted by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its stake in Post Holdings, Inc. by 11,336.7%, owning 5,604 shares worth approximately $611,000 after acquiring over 5,500 shares in the second quarter.
• Director William P. Stiritz purchased 36,000 shares of Post stock for about $3.94 million, increasing his holdings to over 4.3 million shares.
• Post reported quarterly earnings of $2.03 EPS, exceeding estimates, and announced a share buyback program indicating the board's confidence in the stock's value.

Farther Finance Advisors LLC boosted its position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 11,336.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,604 shares of the company's stock after buying an additional 5,555 shares during the quarter. Farther Finance Advisors LLC's holdings in Post were worth $611,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Aviso Financial Inc. boosted its stake in Post by 1.0% during the first quarter. Aviso Financial Inc. now owns 10,270 shares of the company's stock valued at $1,195,000 after buying an additional 100 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Post by 17.7% during the second quarter. Parallel Advisors LLC now owns 844 shares of the company's stock valued at $92,000 after purchasing an additional 127 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Post by 2.8% during the first quarter. Sequoia Financial Advisors LLC now owns 4,960 shares of the company's stock valued at $577,000 after purchasing an additional 133 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Post by 68.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock valued at $41,000 after purchasing an additional 143 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Post by 7.4% during the fourth quarter. ProShare Advisors LLC now owns 2,215 shares of the company's stock valued at $254,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 94.85% of the company's stock.

Insider Buying and Selling at Post

In other news, Director William P. Stiritz purchased 36,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $109.53 per share, with a total value of $3,943,080.00. Following the purchase, the director directly owned 4,334,667 shares of the company's stock, valued at approximately $474,776,076.51. This trade represents a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 11.40% of the stock is owned by company insiders.

Post Stock Up 0.5%

Shares of Post stock opened at $105.84 on Friday. The stock has a 50-day moving average price of $107.35 and a 200 day moving average price of $110.11. The company has a market cap of $5.75 billion, a P/E ratio of 18.00 and a beta of 0.51. 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 1 year low of $101.05 and a 1 year high of $125.84.

Post (NYSE:POST - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.36. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.95 billion. Post had a return on equity of 10.80% and a net margin of 4.62%.The business's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 EPS. As a group, analysts expect that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Post announced that its board has authorized a share buyback program on Friday, August 29th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

POST has been the subject of several analyst reports. Wells Fargo & Company reduced their target price on Post from $117.00 to $115.00 and set an "equal weight" rating for the company in a report on Thursday. Evercore ISI upped their target price on Post from $130.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Piper Sandler upped 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, JPMorgan Chase & Co. upped their target price on Post from $122.00 to $131.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $130.80.

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.

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