Junto Capital Management LP boosted its holdings in shares of Post Holdings, Inc. (NYSE:POST – Free Report) by 44.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 589,457 shares of the company’s stock after acquiring an additional 181,849 shares during the quarter. Junto Capital Management LP’s holdings in Post were worth $52,025,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC increased its holdings in shares of Post by 62.8% in 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. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Post during the third quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Post by 119.5% during 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. Summit Securities Group LLC purchased a new position in Post during the first quarter valued at approximately $28,000. Finally, Kestra Advisory Services LLC purchased a new position in Post during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 94.85% of the company’s stock.
Insider Activity
In related news, Chairman William P. Stiritz sold 277,935 shares of Post 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.05% of the company’s stock.
Key Headlines Impacting Post
- Positive Sentiment: Post’s premium cereal brands are gaining share, while assortment changes are helping the company narrow the performance gap with the broader cereal category. Post Holdings’ Premium Cereal Gains Share Amid Category Pressure
- Neutral Sentiment: In its latest reported quarter, Post exceeded earnings expectations with adjusted EPS of $1.78 versus the $1.70 consensus, but revenue of $1.95 billion fell short of estimates of $2.02 billion.
- Negative Sentiment: The cereal category remains challenging, and Post’s overall quarterly revenue declined 1.8% year over year. The revenue miss and weaker sales trend may be offsetting the earnings beat in investor sentiment.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Post from $116.00 to $99.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Wells Fargo & Company lowered their price target on shares of Post from $98.00 to $86.00 and set an “equal weight” rating on the stock in a report on Monday, August 10th. Evercore set a $121.00 price objective on Post in a report on Monday, August 10th. Jefferies Financial Group set a $117.00 price objective on Post in a research report on Monday, July 27th. Finally, Weiss Ratings cut 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 issued a Sell rating to the stock. According to MarketBeat.com, Post currently has a consensus rating of “Hold” and a consensus target price of $109.00.
Check Out Our Latest Research Report on Post
Post Price Performance
Shares of POST opened at $81.07 on Thursday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.99 and a current ratio of 1.85. The firm has a market cap of $3.67 billion, a PE ratio of 14.90 and a beta of 0.37. The firm’s 50 day moving average price is $85.58 and its 200 day moving average price is $93.83. Post Holdings, Inc. has a twelve month low of $75.40 and a twelve month high of $117.28.
Post (NYSE:POST – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.70 by $0.08. Post had a net margin of 3.48% and a return on equity of 13.22%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm posted $2.03 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, research analysts expect that Post Holdings, Inc. will post 7.56 EPS 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.
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