Strs Ohio Takes $2.35 Million Position in Post Holdings, Inc. $POST

Key Points

• Strs Ohio has acquired a new stake in Post Holdings, Inc., purchasing 20,182 shares valued at approximately $2.35 million during the first quarter.
• The company's most recent quarterly earnings report showed earnings per share of $2.03, surpassing analysts' expectations of $1.67 and reflecting a year-over-year revenue increase of 1.9%.
• Wall Street analysts have updated their price targets for Post, with estimates ranging from $117 to $150, indicating a generally positive outlook on the stock.

Strs Ohio acquired a new stake in Post Holdings, Inc. (NYSE:POST - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,182 shares of the company's stock, valued at approximately $2,348,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its holdings in Post by 200.0% during the first quarter. Bessemer Group Inc. now owns 477 shares of the company's stock worth $56,000 after buying an additional 318 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Post by 12.3% in the first quarter. Envestnet Asset Management Inc. now owns 302,241 shares of the company's stock worth $35,169,000 after buying an additional 32,995 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Post in the first quarter worth about $623,000. Exchange Traded Concepts LLC lifted its stake in shares of Post by 7.3% in the first quarter. Exchange Traded Concepts LLC now owns 6,922 shares of the company's stock worth $805,000 after buying an additional 472 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Post by 5.4% during the first quarter. Vanguard Group Inc. now owns 5,418,085 shares of the company's stock worth $630,448,000 after purchasing an additional 277,786 shares during the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Post

In other Post news, Director William P. Stiritz acquired 36,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $109.53 per share, for a total transaction of $3,943,080.00. Following the transaction, the director directly owned 4,334,667 shares of the company's stock, valued at approximately $474,776,076.51. This represents a 0.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.40% of the stock is owned by corporate insiders.

Post Stock Performance

Shares of POST opened at $102.49 on Tuesday. 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 Holdings, Inc. has a 1 year low of $101.05 and a 1 year high of $125.84. The stock has a market capitalization of $5.57 billion, a P/E ratio of 17.43 and a beta of 0.51. The company's fifty day moving average is $107.75 and its two-hundred day moving average is $110.69.

Post (NYSE:POST - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $2.03 earnings per share for the quarter, topping 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 business had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the prior year, the company posted $1.54 EPS. The business's revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Post announced that its board has approved a stock repurchase program on Friday, August 29th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

POST has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Post from $122.00 to $131.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Evercore ISI lifted their price objective on shares of Post from $130.00 to $131.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Wells Fargo & Company decreased their price target on shares of Post from $120.00 to $117.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 9th. Piper Sandler boosted their price target on shares of Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Finally, Wall Street Zen upgraded shares of Post from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.20.

Post Company 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.

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