Post Holdings, Inc. (NYSE:POST) Stake Lessened by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its stake in Post Holdings, Inc. (NYSE:POSTGet Rating) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,763 shares of the company’s stock after selling 277 shares during the period. Wedge Capital Management L L P NC’s holdings in Post were worth $228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. CWM LLC lifted its stake in Post by 11.4% during the first quarter. CWM LLC now owns 1,353 shares of the company’s stock valued at $94,000 after purchasing an additional 139 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Post by 3.3% during the 1st quarter. Crossmark Global Holdings Inc. now owns 5,283 shares of the company’s stock worth $366,000 after purchasing an additional 170 shares during the last quarter. Comerica Bank increased its stake in shares of Post by 0.8% during the 1st quarter. Comerica Bank now owns 27,585 shares of the company’s stock worth $2,121,000 after purchasing an additional 214 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in Post by 14.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,011 shares of the company’s stock valued at $215,000 after buying an additional 391 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new position in Post in the 1st quarter valued at $30,000. 90.33% of the stock is owned by institutional investors and hedge funds.

Post Stock Up 0.8 %

Shares of NYSE:POST opened at $86.28 on Thursday. Post Holdings, Inc. has a one year low of $62.83 and a one year high of $91.48. The company has a 50 day moving average of $87.49 and a 200-day moving average of $80.83. The company has a debt-to-equity ratio of 1.77, a current ratio of 3.02 and a quick ratio of 2.33. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 7.66 and a beta of 0.60.

Post (NYSE:POSTGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.11. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Post had a net margin of 11.20% and a return on equity of 3.40%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. On average, sell-side analysts forecast that Post Holdings, Inc. will post 1.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Post from $95.00 to $100.00 in a report on Monday, August 8th. Piper Sandler lifted their price target on shares of Post to $109.00 in a report on Monday, August 29th. Finally, Evercore ISI lifted their price target on shares of Post to $98.00 in a report on Monday, August 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.33.

Post Profile

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Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through five segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands. 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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Institutional Ownership by Quarter for Post (NYSE:POST)

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