Vanguard Group Inc. raised its stake in Post Holdings Inc. (NYSE:POST) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,485,790 shares of the company’s stock after buying an additional 43,238 shares during the period. Vanguard Group Inc. owned 6.48% of Post Holdings worth $370,929,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of POST. Anderson Hoagland & Co. bought a new position in Post Holdings during the second quarter worth about $215,000. Private Trust Co. NA bought a new position in Post Holdings during the second quarter worth about $230,000. Garrison Financial Corp bought a new position in Post Holdings during the second quarter worth about $231,000. Cambridge Investment Research Advisors Inc. bought a new position in Post Holdings during the second quarter worth about $248,000. Finally, Virginia Retirement System bought a new position in Post Holdings during the first quarter worth about $309,000.
Shares of Post Holdings Inc. (NYSE:POST) traded up 0.03% during midday trading on Friday, reaching $79.87. 46,994 shares of the company’s stock were exchanged. The stock’s market cap is $5.16 billion. Post Holdings Inc. has a one year low of $50.93 and a one year high of $89.00. The firm has a 50 day moving average of $81.81 and a 200-day moving average of $78.29.
Post Holdings (NYSE:POST) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.13. The company earned $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Post Holdings had a negative net margin of 0.76% and a positive return on equity of 5.44%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities research analysts anticipate that Post Holdings Inc. will post $2.46 earnings per share for the current year.
A number of equities analysts have recently weighed in on POST shares. Goldman Sachs Group Inc. restated a “buy” rating on shares of Post Holdings in a research note on Friday, July 15th. Citigroup Inc. restated an “overweight” rating on shares of Post Holdings in a research note on Saturday, June 25th. BMO Capital Markets downgraded Post Holdings from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $90.00 to $83.00 in a research note on Wednesday, September 21st. They noted that the move was a valuation call. Pivotal Research cut their target price on Post Holdings from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, July 25th. Finally, Zacks Investment Research downgraded Post Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $86.00.
In related news, CEO Richard R. Koulouris sold 21,942 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were 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 owns 28,334 shares in the company, valued at $2,417,740.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
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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