Moneta Group Investment Advisors LLC raised its position in shares of Post Holdings Inc (NYSE:POST) by 63.3% in the second quarter, Holdings Channel reports. The firm owned 8,600 shares of the company’s stock after acquiring an additional 3,335 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in Post were worth $570,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in POST. Toronto Dominion Bank bought a new stake in shares of Post in the 2nd quarter valued at approximately $173,000. Cibc World Markets Corp bought a new stake in Post in the second quarter worth about $522,000. Canada Pension Plan Investment Board boosted its position in shares of Post by 0.6% during the second quarter. Canada Pension Plan Investment Board now owns 123,957 shares of the company’s stock valued at $12,888,000 after buying an additional 757 shares during the period. Natixis Advisors L.P. grew its stake in shares of Post by 3.9% during the second quarter. Natixis Advisors L.P. now owns 53,762 shares of the company’s stock valued at $5,589,000 after buying an additional 2,025 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Post during the second quarter valued at approximately $2,760,000. Institutional investors and hedge funds own 90.81% of the company’s stock.
POST has been the topic of several recent analyst reports. Piper Jaffray Companies downgraded Post from an “overweight” rating to a “neutral” rating in a report on Friday, July 19th. ValuEngine cut Post from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Evercore ISI started coverage on Post in a research report on Tuesday, June 11th. They issued an “outperform” rating and a $125.00 price objective on the stock. Finally, Zacks Investment Research downgraded Post from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $122.00.
Shares of NYSE:POST traded up $1.60 during trading on Wednesday, reaching $107.50. 20,440 shares of the company were exchanged, compared to its average volume of 653,584. Post Holdings Inc has a 12-month low of $83.88 and a 12-month high of $113.73. The firm has a market capitalization of $7.68 billion, a PE ratio of 26.39, a P/E/G ratio of 3.15 and a beta of 0.36. The business’s fifty day simple moving average is $101.66 and its 200-day simple moving average is $105.35. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.02 and a quick ratio of 1.23.
Post (NYSE:POST) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.05). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Post had a return on equity of 11.15% and a net margin of 2.90%. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.06 earnings per share. On average, sell-side analysts anticipate that Post Holdings Inc will post 4.77 EPS for the current fiscal year.
Post Company Profile
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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