Weik Investment Services Inc. Maintains Stake in Post Holdings, Inc. (POST)
Weik Investment Services Inc. maintained its position in Post Holdings, Inc. (NYSE:POST) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,000 shares of the company’s stock at the end of the second quarter. Weik Investment Services Inc.’s holdings in Post Holdings were worth $388,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. IndexIQ Advisors LLC raised its stake in Post Holdings by 0.3% during the second quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock valued at $115,000 after buying an additional 4 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Post Holdings by 2.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,744 shares of the company’s stock worth $213,000 after acquiring an additional 60 shares in the last quarter. Atria Investments LLC boosted its holdings in Post Holdings by 2.2% in the second quarter. Atria Investments LLC now owns 4,194 shares of the company’s stock worth $326,000 after acquiring an additional 91 shares in the last quarter. Utah Retirement Systems boosted its holdings in Post Holdings by 0.9% in the first quarter. Utah Retirement Systems now owns 11,800 shares of the company’s stock worth $1,033,000 after acquiring an additional 100 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its holdings in Post Holdings by 2.1% in the first quarter. Advantus Capital Management Inc now owns 8,230 shares of the company’s stock worth $720,000 after acquiring an additional 167 shares in the last quarter.
Shares of Post Holdings, Inc. (NYSE POST) traded up 0.39% during mid-day trading on Monday, reaching $88.61. The company’s stock had a trading volume of 376,501 shares. The firm’s market cap is $5.86 billion. Post Holdings, Inc. has a one year low of $68.76 and a one year high of $89.04. The firm’s 50 day moving average is $84.79 and its 200 day moving average is $83.08.
Post Holdings (NYSE:POST) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.25 billion. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, equities analysts anticipate that Post Holdings, Inc. will post $2.70 earnings per share for the current fiscal year.
Post Holdings announced that its Board of Directors has authorized a stock buyback plan on Wednesday, June 7th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
POST has been the topic of a number of recent research reports. BidaskClub raised Post Holdings from a “hold” rating to a “buy” rating in a research note on Thursday. Pivotal Research reaffirmed a “buy” rating and issued a $105.00 price target on shares of Post Holdings in a research report on Wednesday, September 20th. BMO Capital Markets raised Post Holdings from a “market perform” rating to an “outperform” rating and set a $106.00 price target for the company in a research report on Wednesday, September 20th. Zacks Investment Research cut shares of Post Holdings from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 9th. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Post Holdings in a research note on Monday, July 17th. They issued a “buy” rating and a $105.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $100.20.
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Post Holdings Company Profile
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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