Wellington Management Group LLP lifted its position in Post Holdings, Inc. (NYSE:POST – Free Report) by 14.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,634,146 shares of the company’s stock after purchasing an additional 209,111 shares during the period. Wellington Management Group LLP owned 2.70% of Post worth $140,112,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its position in shares of Post by 98,990.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,108,952 shares of the company’s stock worth $551,394,000 after purchasing an additional 6,102,787 shares in the last quarter. Route One Investment Company L.P. increased its position in shares of Post by 1.9% during the second quarter. Route One Investment Company L.P. now owns 5,174,290 shares of the company’s stock worth $448,352,000 after purchasing an additional 97,317 shares in the last quarter. BlackRock Inc. increased its position in shares of Post by 2.3% during the second quarter. BlackRock Inc. now owns 4,900,923 shares of the company’s stock worth $424,665,000 after purchasing an additional 109,102 shares in the last quarter. Clarkston Capital Partners LLC increased its position in shares of Post by 12.8% during the third quarter. Clarkston Capital Partners LLC now owns 3,396,881 shares of the company’s stock worth $291,249,000 after purchasing an additional 385,640 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Post by 3.1% during the second quarter. JPMorgan Chase & Co. now owns 2,920,687 shares of the company’s stock worth $253,078,000 after purchasing an additional 87,331 shares in the last quarter. Institutional investors own 91.98% of the company’s stock.
Post Price Performance
Shares of NYSE:POST traded down $0.34 during trading on Friday, reaching $103.47. 563,749 shares of the company’s stock traded hands, compared to its average volume of 693,563. Post Holdings, Inc. has a fifty-two week low of $78.85 and a fifty-two week high of $107.00. The company has a quick ratio of 1.00, a current ratio of 1.99 and a debt-to-equity ratio of 1.60. The firm has a market cap of $6.28 billion, a PE ratio of 22.20 and a beta of 0.66. The company has a 50-day simple moving average of $99.92 and a 200-day simple moving average of $90.77.
Post (NYSE:POST – Get Free Report) last posted its earnings results on Thursday, February 1st. The company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.62. Post had a return on equity of 10.51% and a net margin of 4.03%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.92 billion. As a group, analysts predict that Post Holdings, Inc. will post 5.52 earnings per share for the current year.
Insider Activity at Post
In related news, Director Thomas C. Erb purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were purchased at an average cost of $104.24 per share, with a total value of $104,240.00. Following the purchase, the director now owns 33,475 shares of the company’s stock, valued at approximately $3,489,434. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Post news, CEO Nicolas Catoggio sold 300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $104.11, for a total value of $31,233.00. Following the transaction, the chief executive officer now directly owns 74,992 shares of the company’s stock, valued at approximately $7,807,417.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas C. Erb bought 1,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was acquired at an average cost of $104.24 per share, for a total transaction of $104,240.00. Following the completion of the purchase, the director now directly owns 33,475 shares in the company, valued at $3,489,434. The disclosure for this purchase can be found here. 10.70% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
POST has been the topic of a number of recent analyst reports. Barclays upped their price target on Post from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Stifel Nicolaus raised their target price on Post from $98.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Mizuho raised their target price on Post from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Wells Fargo & Company started coverage on Post in a research note on Tuesday, December 12th. They issued an “equal weight” rating and a $92.00 target price for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Post currently has an average rating of “Moderate Buy” and a consensus target price of $109.67.
About Post
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.