Post Holdings, Inc. (NYSE:POST) Shares Acquired by Panagora Asset Management Inc.

Panagora Asset Management Inc. boosted its position in shares of Post Holdings, Inc. (NYSE:POST) by 135.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 15,308 shares of the company’s stock after buying an additional 8,803 shares during the period. Panagora Asset Management Inc.’s holdings in Post were worth $1,594,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Post by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 5,288,249 shares of the company’s stock valued at $562,035,000 after purchasing an additional 332,811 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Post by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,002,286 shares of the company’s stock valued at $264,382,000 after purchasing an additional 249,155 shares during the last quarter. Norges Bank bought a new stake in Post during the fourth quarter worth approximately $19,598,000. Verition Fund Management LLC grew its position in Post by 347.8% in the fourth quarter. Verition Fund Management LLC now owns 256,983 shares of the company’s stock worth $22,630,000 after buying an additional 199,592 shares during the last quarter. Finally, Redwood Investment Management LLC bought a new position in shares of Post in the fourth quarter valued at $6,047,000. 94.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Post from $108.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on Post from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Barclays boosted their price objective on Post from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, May 7th. Evercore ISI raised their target price on shares of Post from $122.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Stifel Nicolaus boosted their price target on shares of Post from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.33.

Insider Activity

In other news, Director Thomas C. Erb acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average cost of $112.94 per share, for a total transaction of $225,880.00. Following the completion of the acquisition, the director now owns 35,475 shares in the company, valued at $4,006,546.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Thomas C. Erb purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $112.94 per share, with a total value of $225,880.00. Following the purchase, the director now owns 35,475 shares in the company, valued at approximately $4,006,546.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Grote sold 16,845 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $104.58, for a total transaction of $1,761,650.10. Following the transaction, the director now directly owns 4,400 shares in the company, valued at approximately $460,152. The disclosure for this sale can be found here. 10.70% of the stock is currently owned by corporate insiders.

Post Trading Up 0.1 %

Shares of NYSE POST opened at $115.77 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.12 and a debt-to-equity ratio of 1.62. Post Holdings, Inc. has a one year low of $78.85 and a one year high of $117.24. The business has a 50-day moving average price of $109.78 and a two-hundred day moving average price of $106.24. The firm has a market capitalization of $7.01 billion, a PE ratio of 22.18 and a beta of 0.64.

Post (NYSE:POST) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.21 by $0.33. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Post had a net margin of 4.46% and a return on equity of 10.91%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.52 earnings per share. As a group, analysts predict that Post Holdings, Inc. will post 5.95 earnings per share for the current fiscal year.

Post Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.