State Treasurer State of Michigan raised its stake in Post Holdings, Inc. (NYSE:POST) by 4.6% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 27,300 shares of the company’s stock after buying an additional 1,200 shares during the period. State Treasurer State of Michigan’s holdings in Post Holdings were worth $2,120,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in Post Holdings by 13,702.8% in the first quarter. BlackRock Inc. now owns 5,026,019 shares of the company’s stock valued at $439,879,000 after buying an additional 4,989,606 shares during the last quarter. FMR LLC boosted its position in Post Holdings by 16.0% in the first quarter. FMR LLC now owns 4,006,777 shares of the company’s stock valued at $350,673,000 after buying an additional 553,741 shares during the last quarter. Iridian Asset Management LLC CT boosted its position in Post Holdings by 16.4% in the first quarter. Iridian Asset Management LLC CT now owns 3,700,317 shares of the company’s stock valued at $323,852,000 after buying an additional 522,288 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Post Holdings by 17.1% in the first quarter. Renaissance Technologies LLC now owns 1,235,700 shares of the company’s stock worth $108,148,000 after buying an additional 180,800 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Post Holdings by 75.5% in the first quarter. Bank of Montreal Can now owns 392,645 shares of the company’s stock worth $34,364,000 after buying an additional 168,915 shares during the period.
Shares of Post Holdings, Inc. (NYSE:POST) traded up 0.09% during mid-day trading on Friday, reaching $85.37. The company had a trading volume of 407,819 shares. The stock’s market capitalization is $5.65 billion. The company’s 50-day moving average is $82.25 and its 200 day moving average 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 announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. Analysts anticipate that Post Holdings, Inc. will post $2.69 EPS for the current fiscal year.
Post Holdings announced that its board has initiated a share repurchase program on Wednesday, June 7th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
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A number of brokerages have issued reports on POST. BidaskClub downgraded Post Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Zacks Investment Research downgraded Post Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 23rd. Pivotal Research reissued a “buy” rating and issued a $105.00 target price on shares of Post Holdings in a report on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) began coverage on Post Holdings in a report on Monday, July 17th. They issued a “buy” rating and a $105.00 target price for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $97.00 target price on shares of Post Holdings in a research report on Wednesday, May 10th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $96.00.
About Post Holdings
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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