CrestPoint Capital Management LLC Raises Position in Post Holdings Inc (POST)
CrestPoint Capital Management LLC boosted its position in shares of Post Holdings Inc (NYSE:POST) by 30.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 24,600 shares of the company’s stock after buying an additional 5,700 shares during the quarter. Post makes up approximately 1.1% of CrestPoint Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. CrestPoint Capital Management LLC’s holdings in Post were worth $1,949,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Post by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,194 shares of the company’s stock valued at $170,000 after purchasing an additional 190 shares during the period. Affinity Wealth Management bought a new stake in shares of Post in the 3rd quarter valued at approximately $205,000. Virtu KCG Holdings LLC bought a new stake in shares of Post in the 2nd quarter valued at approximately $208,000. South State Corp bought a new stake in shares of Post in the 3rd quarter valued at approximately $208,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Post in the 2nd quarter valued at approximately $210,000.
In other news, Director David W. Kemper acquired 2,500 shares of Post stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of $79.86 per share, with a total value of $199,650.00. Following the acquisition, the director now owns 6,700 shares in the company, valued at $535,062. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.40% of the stock is currently owned by corporate insiders.
Post (NYSE:POST) last announced its earnings results on Thursday, November 16th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.05). Post had a return on equity of 7.31% and a net margin of 0.92%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. sell-side analysts anticipate that Post Holdings Inc will post 3.9 EPS for the current fiscal year.
Several research firms have recently weighed in on POST. Pivotal Research reiterated a “buy” rating and issued a $105.00 price objective on shares of Post in a research note on Wednesday, September 20th. Citigroup set a $110.00 price objective on Post and gave the company a “buy” rating in a research note on Monday, November 20th. SunTrust Banks set a $105.00 price objective on Post and gave the company a “buy” rating in a research note on Thursday, November 16th. BidaskClub lowered Post from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, Zacks Investment Research lowered Post from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $103.25.
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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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