Moors & Cabot Inc. bought a new position in Post Holdings, Inc. (NYSE:POST) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $32,000.
A number of other institutional investors have also recently modified their holdings of the stock. Advisor Group Holdings Inc. boosted its holdings in Post by 10.7% in the 2nd quarter. Advisor Group Holdings Inc. now owns 1,986 shares of the company’s stock worth $214,000 after buying an additional 192 shares during the period. FORA Capital LLC boosted its holdings in Post by 71.8% in the 2nd quarter. FORA Capital LLC now owns 603 shares of the company’s stock worth $65,000 after buying an additional 252 shares during the period. Shell Asset Management Co. boosted its holdings in Post by 5.8% in the 2nd quarter. Shell Asset Management Co. now owns 6,202 shares of the company’s stock worth $673,000 after buying an additional 340 shares during the period. Citigroup Inc. boosted its holdings in Post by 2.2% in the 2nd quarter. Citigroup Inc. now owns 21,346 shares of the company’s stock worth $2,316,000 after buying an additional 457 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Post by 9.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,785 shares of the company’s stock valued at $637,000 after purchasing an additional 490 shares during the last quarter. 90.83% of the stock is owned by institutional investors.
Several research analysts have commented on the stock. Truist Securities dropped their price objective on shares of Post from $125.00 to $120.00 and set a “buy” rating for the company in a report on Monday, November 22nd. Citigroup dropped their price objective on shares of Post from $128.00 to $122.00 and set a “buy” rating for the company in a report on Wednesday, November 24th. Truist dropped their price objective on shares of Post from $125.00 to $120.00 and set a “buy” rating for the company in a report on Monday, November 22nd. Evercore ISI reissued a “buy” rating on shares of Post in a report on Tuesday, November 23rd. Finally, Zacks Investment Research raised shares of Post from a “sell” rating to a “hold” rating and set a $112.00 price objective for the company in a report on Monday, December 27th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $120.43.
Shares of NYSE POST opened at $117.80 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.42 and a debt-to-equity ratio of 2.51. Post Holdings, Inc. has a 12-month low of $91.79 and a 12-month high of $118.32. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 50.34 and a beta of 0.77. The firm’s 50-day moving average price is $106.42 and its 200-day moving average price is $107.22.
Post (NYSE:POST) last posted its quarterly earnings data on Thursday, November 18th. The company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.50). Post had a return on equity of 5.48% and a net margin of 2.68%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company earned $0.58 earnings per share. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, equities analysts predict that Post Holdings, Inc. will post 3.42 EPS for the current fiscal year.
Post Company Profile
Post Holdings, Inc operates as a consumer packaged goods holding company. The firm engages in the operation of center-of-the-store, refrigerated, food service, food ingredient, active nutrition and private brand food categories. It operates through the following segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail and BellRing Brands.
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