Garrison Financial Corp purchased a new position in Post Holdings Inc. (NYSE:POST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,794 shares of the company’s stock, valued at approximately $231,000.
Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Post Holdings by 5.4% in the first quarter. Geode Capital Management LLC now owns 482,860 shares of the company’s stock worth $33,206,000 after buying an additional 24,706 shares during the period. Loomis Sayles & Co. L P raised its stake in shares of Post Holdings by 24.2% in the first quarter. Loomis Sayles & Co. L P now owns 690,875 shares of the company’s stock worth $47,512,000 after buying an additional 134,635 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Post Holdings during the first quarter worth about $1,072,000. State Street Corp raised its stake in shares of Post Holdings by 3.0% in the first quarter. State Street Corp now owns 2,022,595 shares of the company’s stock worth $139,099,000 after buying an additional 59,433 shares during the period. Finally, Cupps Capital Management LLC raised its stake in shares of Post Holdings by 9.5% in the first quarter. Cupps Capital Management LLC now owns 27,816 shares of the company’s stock worth $1,912,000 after buying an additional 2,420 shares during the period.
Shares of Post Holdings Inc. (NYSE:POST) traded up 0.25% during trading on Friday, hitting $77.17. The stock had a trading volume of 1,150,417 shares. The stock’s 50-day moving average price is $82.43 and its 200-day moving average price is $78.00. Post Holdings Inc. has a one year low of $50.93 and a one year high of $89.00. The company’s market cap is $4.99 billion.
Post Holdings (NYSE:POST) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.13. Post Holdings had a positive return on equity of 5.44% and a negative net margin of 0.76%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company earned $0.27 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Post Holdings Inc. will post $2.46 EPS for the current fiscal year.
A number of analysts have issued reports on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Post Holdings in a research note on Friday, July 15th. Pivotal Research lowered their price objective on Post Holdings from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, July 25th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Post Holdings in a research report on Friday, July 15th. Zacks Investment Research raised Post Holdings from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Saturday, July 30th. Finally, Citigroup Inc. reissued an “overweight” rating on shares of Post Holdings in a research report on Saturday, June 25th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Post Holdings currently has an average rating of “Buy” and a consensus price target of $86.43.
In other Post Holdings news, CEO Richard R. Koulouris sold 21,942 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $85.33, for a total value of $1,872,310.86. Following the sale, the chief executive officer now directly owns 28,334 shares of the company’s stock, valued at approximately $2,417,740.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.
About Post Holdings
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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