SummitTX Capital L.P. Raises Position in Post Holdings, Inc. $POST

SummitTX Capital L.P. raised its position in shares of Post Holdings, Inc. (NYSE:POST) by 136.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,926 shares of the company’s stock after acquiring an additional 5,736 shares during the quarter. SummitTX Capital L.P.’s holdings in Post were worth $981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Post in the 3rd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. grew its stake in Post by 119.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the company’s stock worth $27,000 after purchasing an additional 135 shares during the period. Larson Financial Group LLC raised its holdings in Post by 62.8% in the fourth quarter. Larson Financial Group LLC now owns 267 shares of the company’s stock worth $26,000 after purchasing an additional 103 shares in the last quarter. Summit Securities Group LLC bought a new position in Post in the first quarter worth $28,000. Finally, Highlander Partners L.P. purchased a new position in Post during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Insider Activity

In other news, Director Gregory L. Curl sold 6,186 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $105.05, for a total value of $649,839.30. Following the transaction, the director owned 15,107 shares in the company, valued at approximately $1,586,990.35. This represents a 29.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 14.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Post from $119.00 to $106.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Jefferies Financial Group set a $117.00 price objective on shares of Post in a research note on Monday. JPMorgan Chase & Co. cut their price objective on shares of Post from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. Wells Fargo & Company decreased their target price on shares of Post from $110.00 to $98.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Finally, Weiss Ratings lowered shares of Post from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.17.

Post News Summary

Here are the key news stories impacting Post this week:

• Neutral Sentiment: Post’s latest reported quarter showed mixed results: earnings per share of $1.94 exceeded the $1.73 consensus estimate, while revenue of $2.04 billion fell short of expectations of $2.08 billion. Revenue still increased 4.7% year over year, but the sales miss may limit enthusiasm for the shares.
• Negative Sentiment: The company carries elevated leverage, with debt-to-equity of 2.38. That could make investors more sensitive to interest rates and slower economic growth, particularly after data showed U.S. second-quarter growth slowed to 1.5% while inflation remained elevated. U.S. economy growth and inflation report
• Negative Sentiment: Post Holdings’ shares remain below their 200-day moving average, indicating continued technical weakness and potentially encouraging short-term selling.

Post Price Performance

POST opened at $93.17 on Friday. The stock has a 50-day moving average price of $90.54 and a 200-day moving average price of $98.04. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.85 and a quick ratio of 1.03. The firm has a market cap of $4.22 billion, a PE ratio of 15.68 and a beta of 0.39. Post Holdings, Inc. has a 1 year low of $83.89 and a 1 year high of $117.28.

Post (NYSE:POST) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.21. The company had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Post had a net margin of 4.01% and a return on equity of 13.36%. Post’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 EPS. Sell-side analysts predict that Post Holdings, Inc. will post 7.57 earnings per share for the current fiscal year.

About Post

Post Holdings, Inc is a consumer packaged goods company that operates as a holding company for a diverse portfolio of food and beverage brands. The company’s principal activities include the production, marketing and distribution of ready-to-eat cereal, refrigerated and frozen foods, and nutritional beverages. Through its operating segments—Post Consumer Brands, Foodservice, Refrigerated Side Dishes & Bakery, and Active Nutrition—Post Holdings delivers a broad array of products to retail grocers, convenience stores, foodservice operators and e-commerce channels.

The Post Consumer Brands segment features a variety of hot and cold cereals under names such as Honey Bunches of Oats, Shredded Wheat and Pebbles.