NGAM Advisors L.P. boosted its position in Post Holdings, Inc. (NYSE:POST) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,385 shares of the company’s stock after buying an additional 6,252 shares during the period. NGAM Advisors L.P. owned about 0.07% of Post Holdings worth $3,835,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. raised its position 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 period. Bank of Montreal Can raised its position 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 valued at $34,364,000 after buying an additional 168,915 shares during the period. Capstone Asset Management Co. raised its position in shares of 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 increased 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 valued at $250,000 after buying an additional 72 shares in the last quarter. Finally, Alpha Windward LLC purchased a new stake in Post Holdings during the first quarter valued at about $504,000.
Post Holdings, Inc. (NYSE POST) traded up 0.09% during trading on Friday, reaching $85.37. The company had a trading volume of 407,819 shares. Post Holdings, Inc. has a 52-week low of $68.76 and a 52-week high of $89.04. The company has a 50-day moving average of $82.25 and a 200-day moving average of $83.02. The firm’s market capitalization is $5.65 billion.
Post Holdings (NYSE:POST) last posted its earnings results 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. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.62 earnings per share. Analysts expect that Post Holdings, Inc. will post $2.69 EPS for the current fiscal year.
Post Holdings announced that its Board of Directors has approved a share repurchase program on Wednesday, June 7th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
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POST has been the topic of several research analyst reports. Zacks Investment Research cut Post Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 23rd. Goldman Sachs Group, Inc. (The) started coverage on Post Holdings in a research report on Monday, July 17th. They issued a “buy” rating and a $105.00 target price for the company. Pivotal Research reissued a “buy” rating and issued a $105.00 target price on shares of Post Holdings in a research report on Wednesday, May 10th. TheStreet cut Post Holdings from a “b” rating to a “c” rating in a research report on Tuesday, May 30th. Finally, BidaskClub raised Post Holdings from a “hold” rating to a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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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