Hsbc Holdings PLC grew its stake in shares of Post Holdings, Inc. (NYSE:POST – Free Report) by 1,064.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,336 shares of the company’s stock after acquiring an additional 25,902 shares during the period. Hsbc Holdings PLC’s holdings in Post were worth $2,790,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Daytona Street Capital LLC bought a new position in shares of Post during the fourth quarter worth about $1,989,000. M&T Bank Corp bought a new stake in Post in the fourth quarter valued at about $6,867,000. LSV Asset Management increased its holdings in Post by 145.5% in the fourth quarter. LSV Asset Management now owns 44,550 shares of the company’s stock valued at $4,413,000 after buying an additional 26,400 shares during the last quarter. Moran Wealth Management LLC acquired a new stake in Post during the first quarter valued at approximately $5,229,000. Finally, Fisher Asset Management LLC raised its stake in Post by 104.0% during the fourth quarter. Fisher Asset Management LLC now owns 242,101 shares of the company’s stock valued at $23,980,000 after buying an additional 123,423 shares in the last quarter. Institutional investors own 94.85% of the company’s stock.
Wall Street Analyst Weigh In
POST has been the subject of several research reports. Wells Fargo & Company decreased their target price on Post from $110.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. BTIG Research began coverage on Post in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Barclays reduced their price objective on Post from $119.00 to $106.00 and set an “overweight” rating on the stock in a research note on Tuesday. Evercore reiterated an “outperform” rating and set a $128.00 target price on shares of Post in a research note on Thursday. Finally, Weiss Ratings cut 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 given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.60.
Key Stories Impacting Post
Here are the key news stories impacting Post this week:
- Positive Sentiment: Post recently reported quarterly EPS of $1.94, topping analyst expectations of $1.73, while revenue grew 4.7% year over year, signaling solid underlying demand and better-than-expected profitability.
- Neutral Sentiment: The company’s revenue came in slightly below estimates, and margins remain something investors may continue to monitor, but the latest results still pointed to resilient operating performance.
- Neutral Sentiment: Analysts currently expect Post Holdings to generate $7.57 in EPS for the full year, which suggests the market may be focusing on execution versus guidance rather than a major change in the outlook.
Insider Transactions at Post
In other news, Director Gregory L. Curl sold 6,186 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $105.05, for a total transaction of $649,839.30. Following the completion of the transaction, the director owned 15,107 shares of the company’s stock, valued at approximately $1,586,990.35. The trade was a 29.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 14.05% of the company’s stock.
Post Stock Up 1.1%
NYSE:POST opened at $91.17 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.03 and a debt-to-equity ratio of 2.38. The stock has a 50 day moving average of $90.85 and a 200-day moving average of $98.14. The firm has a market capitalization of $4.13 billion, a PE ratio of 15.35 and a beta of 0.39. Post Holdings, Inc. has a 52 week low of $83.89 and a 52 week high of $117.28.
Post (NYSE:POST – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.21. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.08 billion. Post had a return on equity of 13.36% and a net margin of 4.01%.The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. Analysts predict that Post Holdings, Inc. will post 7.57 EPS for the current 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.
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