Post Holdings, Inc. $POST Holdings Raised by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its holdings in shares of Post Holdings, Inc. (NYSE:POST) by 9.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 494,600 shares of the company’s stock after acquiring an additional 42,100 shares during the period. Post makes up approximately 1.8% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 7th largest holding. Hennessy Advisors Inc.’s holdings in Post were worth $53,926,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. grew its stake in shares of Post by 200.0% during the first quarter. Bessemer Group Inc. now owns 477 shares of the company’s stock worth $56,000 after acquiring an additional 318 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Post by 12.3% during the first quarter. Envestnet Asset Management Inc. now owns 302,241 shares of the company’s stock worth $35,169,000 after acquiring an additional 32,995 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Post during the first quarter worth about $623,000. Exchange Traded Concepts LLC grew its stake in shares of Post by 7.3% during the first quarter. Exchange Traded Concepts LLC now owns 6,922 shares of the company’s stock worth $805,000 after acquiring an additional 472 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Post during the first quarter worth about $325,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Post in a research note on Saturday, September 27th. Wall Street Zen raised shares of Post from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Piper Sandler upped their price objective on shares of Post from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. raised their target price on shares of Post from $122.00 to $131.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Finally, Wells Fargo & Company reduced their target price on shares of Post from $117.00 to $115.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.80.

Insider Transactions at Post

In related news, Director William P. Stiritz purchased 36,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average cost of $109.53 per share, with a total value of $3,943,080.00. Following the completion of the acquisition, the director owned 4,334,667 shares of the company’s stock, valued at $474,776,076.51. The trade was a 0.84% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.40% of the company’s stock.

Post Trading Up 0.4%

Shares of NYSE:POST opened at $107.31 on Friday. Post Holdings, Inc. has a 12-month low of $101.05 and a 12-month high of $125.84. The company has a market capitalization of $5.83 billion, a PE ratio of 18.25 and a beta of 0.49. The business has a 50 day moving average of $107.32 and a two-hundred day moving average of $109.93. The company has a current ratio of 2.60, a quick ratio of 1.84 and a debt-to-equity ratio of 1.83.

Post (NYSE:POST) last announced its quarterly earnings results on Thursday, August 7th. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.36. Post had a return on equity of 10.80% and a net margin of 4.62%.The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the previous year, the company posted $1.54 earnings per share. Post’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts forecast that Post Holdings, Inc. will post 6.41 EPS for the current year.

Post announced that its board has approved a share buyback plan on Friday, August 29th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

About Post

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.