CENTRAL TRUST Co Has $109,000 Position in Post Holdings, Inc. (NYSE:POST)
CENTRAL TRUST Co maintained its stake in Post Holdings, Inc. (NYSE:POST) during the second quarter, Holdings Channel reports. The firm owned 1,410 shares of the company’s stock at the end of the second quarter. CENTRAL TRUST Co’s holdings in Post Holdings were worth $109,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the stock. Acadian Asset Management LLC raised its stake in Post Holdings by 4,660.4% in the first quarter. Acadian Asset Management LLC now owns 2,285 shares of the company’s stock worth $200,000 after buying an additional 2,237 shares during the last quarter. Redwood Investments LLC bought a new stake in Post Holdings during the first quarter worth approximately $238,000. Asset Management One Co. Ltd. bought a new stake in Post Holdings during the first quarter worth approximately $242,000. Private Trust Co. NA raised its stake in Post Holdings by 2.6% in the first quarter. Private Trust Co. NA now owns 2,858 shares of the company’s stock worth $250,000 after buying an additional 72 shares during the last quarter. Finally, First Manhattan Co. raised its stake in Post Holdings by 10.7% in the first quarter. First Manhattan Co. now owns 3,527 shares of the company’s stock worth $272,000 after buying an additional 340 shares during the last quarter.
Shares of Post Holdings, Inc. (NYSE:POST) opened at 82.08 on Friday. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 122.14 and a beta of 0.08. Post Holdings, Inc. has a 52 week low of $68.76 and a 52 week high of $89.04. The firm has a 50-day moving average price of $79.70 and a 200-day moving average price of $82.88.
Post Holdings (NYSE:POST) last issued its quarterly earnings results on Monday, May 8th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.05. Post Holdings had a net margin of 1.20% and a return on equity of 6.40%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Post Holdings, Inc. will post $2.58 earnings per share for the current fiscal year.
Post Holdings declared that its Board of Directors has authorized a share repurchase plan on Wednesday, June 7th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 4.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.
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POST has been the topic of a number of analyst reports. Pivotal Research reaffirmed a “buy” rating and set a $105.00 price objective (up previously from $95.00) on shares of Post Holdings in a research note on Tuesday, April 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $90.00 price objective on shares of Post Holdings in a research note on Wednesday, April 19th. Zacks Investment Research raised Post Holdings from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Friday, April 21st. Barclays PLC reaffirmed a “buy” rating on shares of Post Holdings in a research note on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) started coverage on Post Holdings in a research note on Monday, July 17th. They set a “buy” rating and a $105.00 price objective on the stock. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $96.00.
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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