Plancorp LLC decreased its position in Post Holdings, Inc. (NYSE:POST) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 39,389 shares of the company’s stock after selling 100 shares during the period. Post Holdings comprises approximately 0.9% of Plancorp LLC’s investment portfolio, making the stock its 19th largest position. Plancorp LLC’s holdings in Post Holdings were worth $3,058,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA raised its stake in Post Holdings by 2.6% in the first quarter. Private Trust Co. NA now owns 2,858 shares of the company’s stock worth $250,000 after buying an additional 72 shares during the period. Mason Street Advisors LLC raised its stake in Post Holdings by 0.3% in the first quarter. Mason Street Advisors LLC now owns 30,366 shares of the company’s stock worth $2,658,000 after buying an additional 86 shares during the period. Marietta Investment Partners LLC raised its stake in Post Holdings by 2.7% in the first quarter. Marietta Investment Partners LLC now owns 3,223 shares of the company’s stock worth $282,000 after buying an additional 86 shares during the period. Atria Investments LLC raised its stake in Post Holdings by 2.2% in the second quarter. Atria Investments LLC now owns 4,194 shares of the company’s stock worth $326,000 after buying an additional 91 shares during the period. Finally, Utah Retirement Systems raised its stake in Post Holdings by 0.9% in the first quarter. Utah Retirement Systems now owns 11,800 shares of the company’s stock worth $1,033,000 after buying an additional 100 shares during the period.
Shares of Post Holdings, Inc. (NYSE POST) traded up 0.24% during midday trading on Friday, hitting $83.67. 483,555 shares of the stock were exchanged. Post Holdings, Inc. has a 1-year low of $68.76 and a 1-year high of $89.04. The firm has a 50-day moving average of $79.88 and a 200-day moving average of $82.88. The company has a market capitalization of $5.54 billion, a P/E ratio of 124.51 and a beta of 0.08.
Post Holdings (NYSE:POST) last posted its earnings results on Monday, May 8th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.05. Post Holdings had a net margin of 1.20% and a return on equity of 6.40%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Post Holdings, Inc. will post $2.58 EPS for the current year.
Post Holdings declared that its board has authorized a share repurchase plan 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 plans are typically an indication that the company’s board believes its stock is undervalued.
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POST has been the subject of a number of research reports. BidaskClub cut shares of Post Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised shares of Post Holdings from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Friday, April 21st. Stifel Nicolaus reissued a “buy” rating and issued a $97.00 price target on shares of Post Holdings in a research note on Wednesday, May 10th. Vertical Research cut shares of Post Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Finally, Barclays PLC reissued a “buy” rating on shares of Post Holdings in a research note on Friday, July 7th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company 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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