Post Holdings Inc (NYSE:POST) Shares Purchased by Stifel Financial Corp
Stifel Financial Corp grew its position in shares of Post Holdings Inc (NYSE:POST) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,208 shares of the company’s stock after acquiring an additional 1,119 shares during the quarter. Stifel Financial Corp owned about 0.07% of Post worth $4,137,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. IndexIQ Advisors LLC lifted its holdings in Post by 20.5% in the 1st quarter. IndexIQ Advisors LLC now owns 822 shares of the company’s stock worth $68,000 after purchasing an additional 140 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Post by 292.2% during the second quarter. IFP Advisors Inc now owns 859 shares of the company’s stock worth $77,000 after buying an additional 640 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Post during the second quarter worth about $129,000. Tower Research Capital LLC TRC grew its holdings in shares of Post by 169.6% during the first quarter. Tower Research Capital LLC TRC now owns 1,661 shares of the company’s stock worth $138,000 after buying an additional 1,045 shares in the last quarter. Finally, Advisor Group Holdings Inc. bought a new position in shares of Post during the first quarter worth about $190,000. Institutional investors and hedge funds own 87.59% of the company’s stock.
A number of research analysts recently issued reports on the company. Piper Sandler decreased their price objective on Post from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Zacks Investment Research downgraded Post from a “hold” rating to a “sell” rating and set a $97.00 price target for the company. in a research note on Wednesday, August 5th. Jefferies Financial Group decreased their price target on Post from $112.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, July 27th. BMO Capital Markets decreased their price target on Post from $108.00 to $105.00 and set a “market perform” rating for the company in a research note on Monday, August 10th. Finally, Goldman Sachs Group upgraded Post from a “neutral” rating to a “buy” rating and raised their price target for the company from $99.00 to $120.00 in a research note on Monday, June 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. Post has a consensus rating of “Buy” and a consensus target price of $110.27.
Post (NYSE:POST) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.37 billion. Post had a positive return on equity of 8.53% and a negative net margin of 2.05%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. As a group, research analysts anticipate that Post Holdings Inc will post 2.88 EPS for the current year.
In other Post news, insider Mark W. Westphal bought 2,000 shares of Post stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of $84.87 per share, with a total value of $169,740.00. Following the completion of the acquisition, the insider now directly owns 51,754 shares in the company, valued at approximately $4,392,361.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.70% of the company’s stock.
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.
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