Nuveen Asset Management LLC trimmed its holdings in Post Holdings, Inc. (NYSE:POST – Get Rating) by 4.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 110,492 shares of the company’s stock after selling 5,369 shares during the period. Nuveen Asset Management LLC’s holdings in Post were worth $9,051,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of POST. FORA Capital LLC purchased a new stake in shares of Post during the 3rd quarter valued at about $522,000. Envestnet Asset Management Inc. boosted its holdings in shares of Post by 13.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 57,099 shares of the company’s stock valued at $4,677,000 after acquiring an additional 6,598 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Post by 1.4% during the 3rd quarter. King Luther Capital Management Corp now owns 19,078 shares of the company’s stock valued at $1,563,000 after acquiring an additional 271 shares during the last quarter. Fort L.P. purchased a new stake in shares of Post during the 3rd quarter valued at about $205,000. Finally, Credit Suisse AG boosted its holdings in shares of Post by 1.6% during the 3rd quarter. Credit Suisse AG now owns 47,861 shares of the company’s stock valued at $3,920,000 after acquiring an additional 776 shares during the last quarter. Hedge funds and other institutional investors own 91.40% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Piper Sandler raised their price objective on shares of Post from $107.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, November 29th. Barclays raised their price objective on shares of Post from $102.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, February 7th. StockNews.com downgraded shares of Post from a “buy” rating to a “hold” rating in a report on Thursday, December 15th. BMO Capital Markets raised their price objective on shares of Post from $96.00 to $99.00 and gave the stock a “market perform” rating in a report on Monday, November 21st. Finally, UBS Group raised shares of Post from a “sell” rating to a “neutral” rating in a report on Thursday, February 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.38.
Post Price Performance
Post (NYSE:POST – Get Rating) last issued its quarterly earnings results on Friday, February 3rd. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.50. Post had a net margin of 14.30% and a return on equity of 5.36%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Research analysts expect that Post Holdings, Inc. will post 3.55 EPS for the current fiscal year.
In other news, Director David P. Skarie sold 2,500 shares of Post stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $89.74, for a total transaction of $224,350.00. Following the sale, the director now owns 42,518 shares in the company, valued at $3,815,565.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 10.70% of the company’s stock.
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.
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