SG Americas Securities LLC raised its holdings in shares of Post Holdings, Inc. (NYSE:POST – Free Report) by 216.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 21,143 shares of the company’s stock after purchasing an additional 14,456 shares during the period. SG Americas Securities LLC’s holdings in Post were worth $2,090,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Larson Financial Group LLC increased its holdings in Post by 62.8% during the fourth quarter. Larson Financial Group LLC now owns 267 shares of the company’s stock valued at $26,000 after buying an additional 103 shares during the period. Argonautica Private Wealth Management Inc. lifted its holdings in Post by 4.4% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 2,603 shares of the company’s stock worth $258,000 after buying an additional 109 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Post by 119.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 248 shares of the company’s stock valued at $27,000 after acquiring an additional 135 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Post by 7.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,056 shares of the company’s stock valued at $204,000 after acquiring an additional 143 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of Post by 3.0% in the 2nd quarter. Advisory Services Network LLC now owns 5,740 shares of the company’s stock valued at $607,000 after acquiring an additional 166 shares during the period. Institutional investors own 94.85% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on POST. BTIG Research began coverage on Post in a research note on Monday, April 13th. They set a “neutral” rating for the company. Wall Street Zen downgraded shares of Post from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Barclays decreased their price target on shares of Post from $127.00 to $119.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company lowered their price target on shares of Post from $120.00 to $110.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Post from $133.00 to $119.00 and set an “overweight” rating on the stock in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $119.40.
Post Trading Up 3.2%
Shares of NYSE:POST opened at $91.11 on Thursday. The business’s 50-day moving average is $96.03 and its 200 day moving average is $99.57. Post Holdings, Inc. has a 1 year low of $86.37 and a 1 year high of $117.28. The firm has a market capitalization of $4.13 billion, a P/E ratio of 15.34 and a beta of 0.39. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.85 and a quick ratio of 1.03.
Post (NYSE:POST – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.21. Post had a return on equity of 13.36% and a net margin of 4.01%.The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the company earned $1.41 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts predict that Post Holdings, Inc. will post 7.57 earnings per share for the current fiscal year.
Insider Activity at Post
In related news, Director Gregory L. Curl sold 6,186 shares of Post 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 completion of the sale, the director directly owned 15,107 shares in the company, valued at $1,586,990.35. This trade represents a 29.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.05% of the stock is owned by insiders.
Key Post News
Here are the key news stories impacting Post this week:
- Positive Sentiment: Zacks said Post Holdings is seeing improving cereal demand as category trends stabilize, which could help revenue and support sentiment around the stock. How is Post Holdings Benefiting From Improving Cereal Demand?
- Neutral Sentiment: Broader market headlines were supportive, including a strong quarter for the S&P 500, but they do not appear to be specific drivers for Post Holdings. The S&P 500 Posted Its Best Quarterly Performance Since 2020. History Says This Happens Next.
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.
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