Public Employees Retirement System of Ohio purchased a new position in Post Holdings, Inc. (NYSE:POST – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 11,580 shares of the company’s stock, valued at approximately $1,022,000.
Several other hedge funds also recently made changes to their positions in POST. Caitong International Asset Management Co. Ltd bought a new stake in Post during the third quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Post by 119.5% in 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. Larson Financial Group LLC raised its stake in Post by 62.8% during the 4th quarter. Larson Financial Group LLC now owns 267 shares of the company’s stock valued at $26,000 after purchasing an additional 103 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Post in the first quarter valued at $28,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Post in the second quarter valued at $64,000. Institutional investors and hedge funds own 94.85% of the company’s stock.
Key Stories Impacting Post
Here are the key news stories impacting Post this week:
- Positive Sentiment: Post’s premium cereal offerings and assortment changes are helping the company regain market share, providing a potential offset to broader category weakness. Post Holdings’ Premium Cereal Gains Share Amid Category Pressure
- Neutral Sentiment: The latest coverage suggests the cereal business remains competitive, with gains from premium products helping to close the gap but not fully eliminating category-wide challenges.
- Negative Sentiment: Post’s most recent quarterly revenue declined 1.8% year over year to $1.95 billion and fell short of analyst expectations of $2.02 billion, despite earnings per share exceeding estimates. The revenue shortfall may be limiting investor confidence in the near-term outlook.
Post Trading Down 2.7%
Post (NYSE:POST – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Post had a net margin of 3.48% and a return on equity of 13.22%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.03 earnings per share. On average, research analysts forecast that Post Holdings, Inc. will post 7.56 EPS for the current fiscal year.
Insider Transactions at Post
In related news, Chairman William P. Stiritz sold 277,935 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $84.23, for a total value of $23,410,465.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 14.05% of the company’s stock.
Wall Street Analyst Weigh In
POST has been the topic of a number of research analyst reports. Evercore set a $121.00 price target on Post in a report on Monday, August 10th. Jefferies Financial Group set a $117.00 target price on Post in a research note on Monday, July 27th. Wells Fargo & Company reduced their price target on shares of Post from $98.00 to $86.00 and set an “equal weight” rating for the company in a research report on Monday, August 10th. JPMorgan Chase & Co. decreased their price target on shares of Post from $116.00 to $99.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Finally, Weiss Ratings downgraded shares of Post from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $109.00.
Check Out Our Latest Stock Analysis on Post
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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