TD Asset Management Inc Acquires 80,139 Shares of Post Holdings, Inc. (NYSE:POST)

Key Points

• TD Asset Management Inc has increased its shareholding in Post Holdings, Inc. by 23.2%, acquiring 80,139 shares, bringing its total ownership to approximately 425,944 shares valued at $49.56 million.
• Post Holdings reported $1.41 earnings per share for the most recent quarter, exceeding analysts' expectations, although its revenue fell 2.3% year-over-year.
• Several institutional investors have significantly increased their stakes in Post, with 94.85% of the stock currently owned by such entities, indicating strong institutional interest in the company.

TD Asset Management Inc lifted its position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 23.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 425,944 shares of the company's stock after acquiring an additional 80,139 shares during the quarter. TD Asset Management Inc owned approximately 0.75% of Post worth $49,563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Argonautica Private Wealth Management Inc. bought a new position in Post in the first quarter valued at about $290,000. Carnegie Investment Counsel increased its stake in shares of Post by 49.3% in the first quarter. Carnegie Investment Counsel now owns 131,654 shares of the company's stock valued at $15,034,000 after buying an additional 43,455 shares during the period. KLP Kapitalforvaltning AS raised its holdings in Post by 3.8% in the 1st quarter. KLP Kapitalforvaltning AS now owns 13,800 shares of the company's stock valued at $1,606,000 after buying an additional 500 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in Post by 50.3% in the 1st quarter. HighPoint Advisor Group LLC now owns 2,732 shares of the company's stock valued at $308,000 after buying an additional 914 shares during the last quarter. Finally, Millstone Evans Group LLC boosted 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 buying an additional 224 shares during the period. Institutional investors own 94.85% of the company's stock.

Post Trading Down 0.3%

Shares of NYSE:POST traded down $0.31 during midday trading on Friday, reaching $105.50. The company's stock had a trading volume of 292,519 shares, compared to its average volume of 621,904. Post Holdings, Inc. has a fifty-two week low of $103.33 and a fifty-two week high of $125.84. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.43 and a current ratio of 2.13. The firm has a 50 day moving average price of $109.04 and a two-hundred day moving average price of $110.99. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 18.77 and a beta of 0.48.

Post (NYSE:POST - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.23. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.98 billion. Post had a return on equity of 10.24% and a net margin of 4.53%. The company's revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 earnings per share. As a group, analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Insider Activity

In related news, CEO Nicolas Catoggio sold 1,750 shares of the company'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 transaction, the chief executive officer directly owned 43,751 shares of the company's stock, valued at approximately $4,767,546.47. This represents a 3.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William P. Stiritz purchased 186,740 shares of the business's stock in a transaction on Thursday, June 5th. The stock was purchased at an average price of $109.11 per share, for a total transaction of $20,375,201.40. Following the acquisition, the director owned 4,298,667 shares of the company's stock, valued at approximately $469,027,556.37. This represents a 4.54% increase in their position. The disclosure for this purchase can be found here. 11.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Mizuho decreased their price target on shares of Post from $133.00 to $127.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. Evercore ISI increased 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. Piper Sandler lifted their target price on Post from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. Finally, Wells Fargo & Company reduced their price target 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Post has an average rating of "Moderate Buy" and an average target price of $130.00.

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.