Cambridge Investment Research Advisors Inc. boosted its stake in shares of Post Holdings, Inc. (NYSE:POST – Get Rating) by 181.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,434 shares of the company’s stock after purchasing an additional 6,080 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Post were worth $852,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Clarkston Capital Partners LLC raised its holdings in shares of Post by 0.3% in the third quarter. Clarkston Capital Partners LLC now owns 2,685,471 shares of the company’s stock valued at $219,967,000 after acquiring an additional 7,475 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Post by 8.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,226,484 shares of the company’s stock valued at $182,376,000 after purchasing an additional 171,015 shares in the last quarter. State Street Corp lifted its position in shares of Post by 4.4% in the 1st quarter. State Street Corp now owns 1,583,889 shares of the company’s stock worth $109,700,000 after purchasing an additional 67,317 shares during the period. Baupost Group LLC MA bought a new position in shares of Post during the first quarter valued at approximately $26,200,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Post by 33.9% during the first quarter. Goldman Sachs Group Inc. now owns 364,242 shares of the company’s stock valued at $25,228,000 after purchasing an additional 92,140 shares in the last quarter. 91.40% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director David P. Skarie sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $89.74, for a total value of $224,350.00. Following the completion of the transaction, the director now directly owns 42,518 shares in the company, valued at $3,815,565.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 10.70% of the stock is currently owned by insiders.
Post Stock Performance
Post (NYSE:POST – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.42. Post had a net margin of 6.36% and a return on equity of 7.05%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the business posted $0.24 EPS. Post’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities analysts anticipate that Post Holdings, Inc. will post 4.04 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the company. Truist Financial upped their target price on Post from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, February 6th. Barclays initiated coverage on Post in a research note on Tuesday, May 2nd. They set an “overweight” rating for the company. Evercore ISI initiated coverage on Post in a research note on Monday, May 8th. They issued an “outperform” rating on the stock. StockNews.com began coverage on shares of Post in a research report on Thursday. They set a “hold” rating for the company. Finally, Stifel Nicolaus began coverage on shares of Post in a research report on Thursday, April 13th. They issued a “buy” rating and a $106.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.33.
Post Profile
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.
Read More
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