World Asset Management Inc Cuts Position in Post Holdings, Inc. (NYSE:POST)
World Asset Management Inc cut its position in shares of Post Holdings, Inc. (NYSE:POST) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 4,209 shares of the company’s stock after selling 96 shares during the period. World Asset Management Inc’s holdings in Post Holdings were worth $327,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Acadian Asset Management LLC boosted its stake in shares of Post Holdings by 4,660.4% in the first quarter. Acadian Asset Management LLC now owns 2,285 shares of the company’s stock worth $200,000 after buying an additional 2,237 shares during the period. Redwood Investments LLC acquired a new stake in shares of Post Holdings during the first quarter worth about $238,000. Asset Management One Co. Ltd. acquired a new stake in shares of Post Holdings during the first quarter worth about $242,000. Private Trust Co. NA boosted its stake in shares of Post Holdings by 2.6% in the first quarter. Private Trust Co. NA now owns 2,858 shares of the company’s stock worth $250,000 after buying an additional 72 shares during the period. Finally, Marietta Investment Partners LLC boosted its stake in shares of Post Holdings by 2.7% in the first quarter. Marietta Investment Partners LLC now owns 3,223 shares of the company’s stock worth $282,000 after buying an additional 86 shares during the period.
Shares of Post Holdings, Inc. (NYSE:POST) opened at 85.98 on Tuesday. The firm’s 50-day moving average is $81.26 and its 200 day moving average is $82.95. Post Holdings, Inc. has a 12 month low of $68.76 and a 12 month high of $89.04. The stock’s market cap is $5.69 billion.
Post Holdings (NYSE:POST) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. Post Holdings had a negative net margin of 0.06% and a positive return on equity of 6.53%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business posted $0.62 earnings per share. Post Holdings’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that Post Holdings, Inc. will post $2.71 EPS for the current year.
Post Holdings declared that its board has approved a stock repurchase program on Wednesday, June 7th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
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A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Post Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Post Holdings in a research note on Wednesday, April 19th. Zacks Investment Research cut shares of Post Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, April 22nd. Pivotal Research reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Post Holdings in a research note on Wednesday, May 10th. Finally, Goldman Sachs Group, Inc. (The) assumed 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 for the company. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Post Holdings currently has a consensus rating of “Buy” and an average price target of $96.00.
Post Holdings Company Profile
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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