Post Holdings, Inc. (NYSE:POST) Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its stake in Post Holdings, Inc. (NYSE:POST) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,855 shares of the company’s stock after acquiring an additional 957 shares during the period. Carnegie Investment Counsel owned 0.13% of Post worth $9,359,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Post in the 2nd quarter valued at about $27,000. New Covenant Trust Company N.A. acquired a new position in Post during the 1st quarter worth approximately $29,000. Bessemer Group Inc. increased its position in Post by 263.8% during the 1st quarter. Bessemer Group Inc. now owns 342 shares of the company’s stock worth $36,000 after purchasing an additional 248 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Post during the 2nd quarter worth approximately $62,000. Finally, Versant Capital Management Inc increased its position in Post by 5,283.3% during the 2nd quarter. Versant Capital Management Inc now owns 646 shares of the company’s stock worth $67,000 after purchasing an additional 634 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

Insider Buying and Selling at Post

In other Post news, Director Thomas C. Erb acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $112.94 per share, for a total transaction of $225,880.00. Following the completion of the acquisition, the director now directly owns 35,475 shares of the company’s stock, valued at $4,006,546.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.70% of the stock is owned by insiders.

Post Price Performance

Shares of NYSE:POST opened at $113.69 on Friday. The business’s fifty day moving average price is $114.64 and its two-hundred day moving average price is $108.44. The stock has a market cap of $6.89 billion, a PE ratio of 21.78 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.12 and a current ratio of 2.05. Post Holdings, Inc. has a one year low of $78.85 and a one year high of $118.96.

Post (NYSE:POST) last announced its earnings results on Thursday, August 1st. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.33. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Post had a return on equity of 10.91% and a net margin of 4.46%. Post’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS. On average, analysts forecast that Post Holdings, Inc. will post 5.95 EPS for the current fiscal year.

Analysts Set New Price Targets

POST has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Post from $108.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on Post from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Evercore ISI raised their price objective on Post from $122.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus raised their price objective on Post from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.33.

Post Company Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.