BNP Paribas Arbitrage SA grew its stake in Post Holdings, Inc. (NYSE:POST) by 76.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,969 shares of the company’s stock after buying an additional 10,801 shares during the period. BNP Paribas Arbitrage SA’s holdings in Post Holdings were worth $1,939,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. First Manhattan Co. raised its position in Post Holdings by 10.7% during the 1st quarter. First Manhattan Co. now owns 3,527 shares of the company’s stock worth $272,000 after buying an additional 340 shares during the last quarter. Profund Advisors LLC grew its stake in shares of Post Holdings by 3.4% during the 1st quarter. Profund Advisors LLC now owns 9,141 shares of the company’s stock worth $800,000 after purchasing an additional 303 shares during the period. Acadian Asset Management LLC grew its stake in shares of Post Holdings by 4,660.4% during the 1st quarter. Acadian Asset Management LLC now owns 2,285 shares of the company’s stock worth $200,000 after purchasing an additional 2,237 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Post Holdings by 13.4% during the 1st quarter. Russell Investments Group Ltd. now owns 44,682 shares of the company’s stock worth $3,911,000 after purchasing an additional 5,294 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Post Holdings by 1.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 22,454 shares of the company’s stock worth $1,965,000 after purchasing an additional 300 shares during the period.
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Shares of Post Holdings, Inc. (NYSE:POST) traded up 0.30% on Friday, hitting $84.80. 539,860 shares of the stock traded hands. The company’s 50 day moving average is $84.64 and its 200 day moving average is $83.06. The stock’s market cap is $5.61 billion. Post Holdings, Inc. has a one year low of $68.76 and a one year high of $89.04.
Post Holdings (NYSE:POST) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.02. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm posted $0.62 earnings per share. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Post Holdings, Inc. will post $2.69 EPS for the current year.
Post Holdings announced that its board has authorized a stock buyback program on Wednesday, June 7th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
POST has been the topic of a number of recent analyst reports. BidaskClub raised shares of Post Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Post Holdings in a research note on Monday, July 17th. They issued a “buy” rating and a $105.00 price objective on the stock. Barclays PLC reissued a “buy” rating on shares of Post Holdings in a research note on Friday, July 7th. TheStreet cut shares of Post Holdings from a “b” rating to a “c” rating in a research note on Tuesday, May 30th. Finally, Zacks Investment Research cut shares of Post Holdings from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Post Holdings currently has a consensus rating of “Buy” and a consensus price target of $96.00.
About Post Holdings
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.
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