Texas Permanent School Fund boosted its position in Post Holdings, Inc. (NYSE:POST) by 4.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 48,382 shares of the company’s stock after buying an additional 1,844 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Post Holdings worth $3,757,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in POST. Raymond James Trust N.A. boosted its stake in shares of 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 last quarter. Bank of Montreal Can raised 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. raised 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 raised 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. (NYSE POST) traded up 1.80% during midday trading on Monday, hitting $85.98. 882,246 shares of the stock were exchanged. Post Holdings, Inc. has a 52 week low of $68.76 and a 52 week high of $89.04. The firm’s 50-day moving average is $81.02 and its 200 day moving average is $82.93. The stock’s market cap is $5.69 billion.
Post Holdings (NYSE:POST) last released its earnings results on Thursday, August 3rd. The company reported $0.63 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 analyst estimates of $1.25 billion. During the same period in the prior year, the business earned $0.62 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that Post Holdings, Inc. will post $2.71 EPS for the current fiscal year.
Post Holdings announced that its Board of Directors has approved a stock buyback plan on Wednesday, June 7th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to reacquire up to 4.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.
POST has been the topic of several recent analyst reports. TheStreet lowered Post Holdings from a “b” rating to a “c” rating in a report on Tuesday, May 30th. Barclays PLC reaffirmed a “buy” rating on shares of Post Holdings in a report on Friday, July 7th. Zacks Investment Research raised Post Holdings from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Friday, April 21st. Vertical Research lowered Post Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $97.00 price objective on shares of Post Holdings in a report on Wednesday, May 10th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price 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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