Oregon Public Employees Retirement Fund raised its stake in Post Holdings, Inc. (NYSE:POST) by 9.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,582 shares of the company’s stock after buying an additional 2,128 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Post Holdings were worth $1,909,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Acadian Asset Management LLC raised its stake in shares of Post Holdings by 4,660.4% in the first quarter. Acadian Asset Management LLC now owns 2,285 shares of the company’s stock worth $200,000 after buying an additional 2,237 shares during the last quarter. Redwood Investments LLC acquired a new stake in shares of Post Holdings during the first quarter worth about $238,000. Asset Management One Co. Ltd. acquired a new stake in shares of Post Holdings during the first quarter worth about $242,000. Private Trust Co. NA raised its stake in shares of 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, First Manhattan Co. raised its stake in shares of Post Holdings by 10.7% in the first quarter. First Manhattan Co. now owns 3,527 shares of the company’s stock valued at $272,000 after buying an additional 340 shares in the last quarter.
Post Holdings, Inc. (NYSE POST) opened at 86.20 on Thursday. Post Holdings, Inc. has a 12-month low of $68.76 and a 12-month high of $89.04. The company’s market cap is $5.70 billion. The firm has a 50 day moving average price of $81.77 and a 200 day moving average price of $82.99.
Post Holdings (NYSE:POST) last announced its earnings results on Thursday, August 3rd. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. On average, analysts anticipate that Post Holdings, Inc. will post $2.71 earnings per share 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 buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
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Several brokerages recently weighed in on POST. Goldman Sachs Group, Inc. (The) began coverage on Post Holdings in a report on Monday, July 17th. They issued a “buy” rating and a $105.00 price objective for the company. BidaskClub upgraded Post Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded Post Holdings from a “strong sell” rating to a “strong-buy” rating and set a $88.00 target price for the company in a research note on Wednesday, July 12th. Barclays PLC restated a “buy” rating on shares of Post Holdings in a research note on Friday, July 7th. Finally, TheStreet downgraded Post Holdings from a “b” rating to a “c” rating in a research report on Tuesday, May 30th. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus 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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