Ironwood Investment Counsel LLC purchased a new position in Post Holdings, Inc. (NYSE:POST) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,505 shares of the company’s stock, valued at approximately $221,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in shares of Post Holdings by 30.3% in the third quarter. Victory Capital Management Inc. now owns 1,974,396 shares of the company’s stock worth $174,280,000 after buying an additional 458,900 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Post Holdings in the third quarter worth $739,000. SeaBridge Investment Advisors LLC raised its holdings in shares of Post Holdings by 7.0% in the third quarter. SeaBridge Investment Advisors LLC now owns 13,285 shares of the company’s stock worth $1,173,000 after buying an additional 867 shares during the last quarter. Fisher Asset Management LLC purchased a new position in shares of Post Holdings in the third quarter worth $12,732,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Post Holdings in the second quarter worth $270,000.
Shares of Post Holdings, Inc. (NYSE:POST) traded down 0.115% on Wednesday, hitting $82.835. 174,085 shares of the company traded hands. The company’s market capitalization is $5.48 billion. The stock’s 50-day moving average price is $85.68 and its 200-day moving average price is $83.11. Post Holdings, Inc. has a 12 month low of $68.76 and a 12 month high of $89.04.
Post Holdings (NYSE:POST) last issued its earnings results on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business posted $0.62 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts predict that Post Holdings, Inc. will post $2.69 earnings per share for the current year.
A number of research analysts have issued reports on the stock. BidaskClub cut shares of Post Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research raised shares of Post Holdings from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Saturday. Wells Fargo & Company raised their price target on shares of Post Holdings from $96.00 to $106.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. Pivotal Research reaffirmed a “buy” rating and issued a $105.00 price target on shares of Post Holdings in a report on Wednesday, September 20th. Finally, BMO Capital Markets raised shares of Post Holdings from a “market perform” rating to an “outperform” rating and set a $106.00 price target for the company in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $101.83.
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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