Federated Investors Inc. PA Has $2.51 Million Stake in Post Holdings, Inc. (POST)
Federated Investors Inc. PA trimmed its stake in shares of Post Holdings, Inc. (NYSE:POST) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,319 shares of the company’s stock after selling 3,079 shares during the period. Federated Investors Inc. PA’s holdings in Post Holdings were worth $2,509,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its holdings in shares of Post Holdings by 4,660.4% during the first quarter. Acadian Asset Management LLC now owns 2,285 shares of the company’s stock valued at $200,000 after purchasing an additional 2,237 shares during the last quarter. Redwood Investments LLC purchased a new stake in shares of Post Holdings during the first quarter valued at $238,000. Asset Management One Co. Ltd. purchased a new stake in shares of Post Holdings during the first quarter valued at $242,000. First Personal Financial Services lifted its holdings in shares of Post Holdings by 37.9% during the second quarter. First Personal Financial Services now owns 2,997 shares of the company’s stock valued at $233,000 after purchasing an additional 824 shares during the last quarter. Finally, Marietta Investment Partners LLC lifted its holdings in shares of Post Holdings by 2.7% during the first quarter. Marietta Investment Partners LLC now owns 3,223 shares of the company’s stock valued at $282,000 after purchasing an additional 86 shares during the last quarter.
Several brokerages have recently commented on POST. BidaskClub raised Post Holdings from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research downgraded Post Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 23rd. TheStreet downgraded Post Holdings from a “b” rating to a “c” rating in a research note on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) started coverage on Post Holdings in a research note on Monday, July 17th. They issued a “buy” rating and a $105.00 price objective for the company. Finally, Pivotal Research reissued a “buy” rating and issued a $105.00 price objective on shares of Post Holdings in a research note on Wednesday, May 10th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Post Holdings currently has an average rating of “Buy” and an average target price of $96.00.
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Shares of Post Holdings, Inc. (NYSE POST) opened at 85.25 on Thursday. Post Holdings, Inc. has a 52 week low of $68.76 and a 52 week high of $89.04. The stock’s market capitalization is $5.64 billion. The company has a 50-day moving average price of $84.24 and a 200 day moving average price of $82.98.
Post Holdings (NYSE:POST) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $0.62 EPS. Post Holdings’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts forecast that Post Holdings, Inc. will post $2.69 earnings per share for the current fiscal year.
Post Holdings declared that its board has authorized a share repurchase plan on Wednesday, June 7th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
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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