Country Trust Bank lowered its position in Post Holdings, Inc. (NYSE:POST) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 230,184 shares of the company’s stock after selling 205 shares during the period. Country Trust Bank owned about 0.35% of Post Holdings worth $17,874,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Raymond James Trust N.A. boosted its position in Post Holdings by 5.6% in the first quarter. Raymond James Trust N.A. now owns 3,267 shares of the company’s stock valued at $286,000 after buying an additional 174 shares during the period. Bank of Montreal Can boosted its position in Post Holdings by 75.5% in the first quarter. Bank of Montreal Can now owns 392,645 shares of the company’s stock valued at $34,364,000 after buying an additional 168,915 shares during the period. Capstone Asset Management Co. boosted its position in Post Holdings by 12.3% in the first quarter. Capstone Asset Management Co. now owns 8,382 shares of the company’s stock valued at $734,000 after buying an additional 921 shares during the period. Private Trust Co. NA boosted its position in Post Holdings by 2.6% in the first quarter. Private Trust Co. NA now owns 2,858 shares of the company’s stock valued at $250,000 after buying an additional 72 shares during the period. Finally, Alpha Windward LLC acquired a new position in Post Holdings during the first quarter valued at approximately $504,000.
Post Holdings, Inc. (POST) opened at 85.37 on Friday. The company’s market cap is $5.65 billion. The company’s 50-day moving average price is $82.25 and its 200 day moving average price is $83.02. Post Holdings, Inc. has a 52 week low of $68.76 and a 52 week high of $89.04.
Post Holdings (NYSE:POST) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company posted $0.62 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts anticipate that Post Holdings, Inc. will post $2.69 EPS for the current year.
Post Holdings declared that its board has authorized a stock buyback program on Wednesday, June 7th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Several research firms recently issued reports on POST. BidaskClub lowered Post Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised Post Holdings from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Friday, April 21st. Stifel Nicolaus reissued a “buy” rating and set a $97.00 price target on shares of Post Holdings in a research report on Wednesday, May 10th. Barclays PLC reaffirmed a “buy” rating on shares of Post Holdings in a research report on Friday, July 7th. Finally, TheStreet lowered Post Holdings from a “b” rating to a “c” rating in a research report on Tuesday, May 30th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $96.00.
Post Holdings Company Profile
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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