Epoch Investment Partners Inc. lifted its holdings in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 26.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 915,487 shares of the company's stock after buying an additional 191,081 shares during the quarter. Epoch Investment Partners Inc. owned approximately 1.62% of Post worth $106,526,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake 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 purchasing an additional 195 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Post by 68.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company's stock worth $41,000 after acquiring an additional 143 shares during the last quarter. Millstone Evans Group LLC increased its stake in shares of Post by 167.2% in the 1st quarter. Millstone Evans Group LLC now owns 358 shares of the company's stock worth $42,000 after acquiring an additional 224 shares during the last quarter. True Wealth Design LLC increased its stake in shares of Post by 281.2% in the 4th quarter. True Wealth Design LLC now owns 385 shares of the company's stock worth $44,000 after acquiring an additional 284 shares during the last quarter. Finally, Bessemer Group Inc. increased 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 worth $56,000 after acquiring an additional 318 shares during the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Mizuho cut 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. Piper Sandler raised their target price on Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Evercore ISI increased their price target on Post from $130.00 to $131.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Wells Fargo & Company lowered their price target on Post from $120.00 to $117.00 and set an "equal weight" rating for the company in a report on Wednesday, July 9th. 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's stock. Based on data from MarketBeat.com, Post has an average rating of "Moderate Buy" and an average price target of $129.40.
View Our Latest Stock Analysis on Post
Insider Activity at Post
In related news, CEO Nicolas Catoggio sold 1,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was 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 $4,767,546.47. The trade was a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William P. Stiritz bought 36,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of $109.53 per share, with a total value of $3,943,080.00. Following the purchase, the director owned 4,334,667 shares of the company's stock, valued at $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 owned by insiders.
Post Price Performance
POST stock opened at $112.43 on Tuesday. The business's 50-day moving average is $108.19 and its two-hundred day moving average is $111.11. The firm has a market capitalization of $6.11 billion, a P/E ratio of 19.12 and a beta of 0.49. Post Holdings, Inc. has a 1 year low of $101.05 and a 1 year high of $125.84. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.84.
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 during the quarter, compared to analysts' expectations of $1.95 billion. Post had a return on equity of 10.80% and a net margin of 4.62%.The firm's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 earnings per share. Analysts anticipate that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.
Post Company Profile
(
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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