Mackenzie Financial Corp Acquires New Position in Post Holdings, Inc. (NYSE:POST)

Mackenzie Financial Corp purchased a new stake in shares of Post Holdings, Inc. (NYSE:POST - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,602 shares of the company's stock, valued at approximately $1,022,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Treasurer of the State of North Carolina raised its holdings in shares of Post by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 23,492 shares of the company's stock valued at $2,014,000 after buying an additional 120 shares during the period. Stifel Financial Corp lifted its position in shares of Post by 0.3% during the third quarter. Stifel Financial Corp now owns 44,692 shares of the company's stock worth $3,832,000 after purchasing an additional 139 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Post by 45.9% in the fourth quarter. Fifth Third Bancorp now owns 610 shares of the company's stock valued at $54,000 after purchasing an additional 192 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of Post by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,356 shares of the company's stock valued at $545,000 after purchasing an additional 200 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Post by 3.9% in the third quarter. Exchange Traded Concepts LLC now owns 6,855 shares of the company's stock valued at $588,000 after purchasing an additional 257 shares in the last quarter. 94.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Nicolas Catoggio sold 300 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $104.11, for a total transaction of $31,233.00. Following the transaction, the chief executive officer now owns 74,992 shares in the company, valued at approximately $7,807,417.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Post news, CAO Diedre J. Gray sold 7,297 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $104.51, for a total transaction of $762,609.47. Following the completion of the sale, the chief accounting officer now directly owns 51,073 shares of the company's stock, valued at approximately $5,337,639.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicolas Catoggio sold 300 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $104.11, for a total value of $31,233.00. Following the sale, the chief executive officer now directly owns 74,992 shares of the company's stock, valued at $7,807,417.12. The disclosure for this sale can be found here. 10.70% of the stock is currently owned by company insiders.

Post Stock Performance

NYSE:POST traded down $0.25 during mid-day trading on Thursday, reaching $105.89. 413,786 shares of the stock were exchanged, compared to its average volume of 599,719. The company has a 50 day simple moving average of $104.08 and a 200-day simple moving average of $94.20. The stock has a market capitalization of $6.43 billion, a P/E ratio of 22.72 and a beta of 0.66. The company has a quick ratio of 1.00, a current ratio of 1.99 and a debt-to-equity ratio of 1.60. Post Holdings, Inc. has a 1 year low of $78.85 and a 1 year high of $107.67.

Post (NYSE:POST - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.62. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.92 billion. Post had a return on equity of 10.51% and a net margin of 4.03%. Analysts anticipate that Post Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

POST has been the subject of several recent research reports. Stifel Nicolaus raised their price target on shares of Post from $98.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, February 5th. Mizuho boosted their target price on Post from $110.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, February 5th. Finally, Barclays upped their price target on Post from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Post has a consensus rating of "Moderate Buy" and a consensus price target of $109.67.

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.