Inspire Investing LLC bought a new position in shares of Post Holdings, Inc. (NYSE:POST) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,160 shares of the company’s stock, valued at approximately $238,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. raised its holdings in Post by 10.7% during the second quarter. Advisor Group Holdings Inc. now owns 1,986 shares of the company’s stock worth $214,000 after acquiring an additional 192 shares in the last quarter. CIBC Asset Management Inc raised its stake in Post by 7.7% in the third quarter. CIBC Asset Management Inc now owns 2,707 shares of the company’s stock valued at $298,000 after buying an additional 194 shares during the period. FORA Capital LLC raised its stake in Post by 71.8% in the second quarter. FORA Capital LLC now owns 603 shares of the company’s stock valued at $65,000 after buying an additional 252 shares during the period. Shell Asset Management Co. raised its stake in Post by 5.8% in the second quarter. Shell Asset Management Co. now owns 6,202 shares of the company’s stock valued at $673,000 after buying an additional 340 shares during the period. Finally, TD Asset Management Inc. raised its stake in Post by 1.0% in the third quarter. TD Asset Management Inc. now owns 45,460 shares of the company’s stock valued at $5,008,000 after buying an additional 445 shares during the period. Institutional investors and hedge funds own 90.83% of the company’s stock.
POST has been the topic of several research analyst reports. Zacks Investment Research upgraded Post from a “sell” rating to a “hold” rating and set a $112.00 price objective on the stock in a research note on Monday, December 27th. Truist dropped their price objective on Post from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, November 22nd. Evercore ISI restated a “buy” rating on shares of Post in a research note on Tuesday, November 23rd. Citigroup dropped their price objective on Post from $128.00 to $122.00 and set a “buy” rating on the stock in a research note on Wednesday, November 24th. Finally, Truist Securities lowered their target price on Post from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, November 22nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Post presently has a consensus rating of “Buy” and a consensus price target of $120.43.
Shares of NYSE POST opened at $117.80 on Friday. The firm has a market cap of $7.37 billion, a P/E ratio of 50.34 and a beta of 0.77. The company has a current ratio of 1.99, a quick ratio of 1.42 and a debt-to-equity ratio of 2.51. Post Holdings, Inc. has a 1-year low of $91.79 and a 1-year high of $118.32. The business’s 50 day moving average is $106.42 and its 200-day moving average is $107.22.
Post (NYSE:POST) last issued its quarterly earnings results on Thursday, November 18th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.50). The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. Post had a return on equity of 5.48% and a net margin of 2.68%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. Analysts forecast that Post Holdings, Inc. will post 3.42 EPS for the current year.
Post Holdings, Inc operates as a consumer packaged goods holding company. The firm engages in the operation of center-of-the-store, refrigerated, food service, food ingredient, active nutrition and private brand food categories. It operates through the following segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail and BellRing Brands.
Featured Story: Why do commodities matter?
Want to see what other hedge funds are holding POST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Post Holdings, Inc. (NYSE:POST).
Receive News & Ratings for Post Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Post and related companies with MarketBeat.com's FREE daily email newsletter.