TIAA CREF Investment Management LLC lifted its position in shares of Post Holdings, Inc. (NYSE:POST) by 70.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 986,881 shares of the company’s stock after buying an additional 406,791 shares during the period. TIAA CREF Investment Management LLC owned about 1.49% of Post Holdings worth $76,631,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. IndexIQ Advisors LLC raised its holdings in shares of Post Holdings by 0.3% during the 2nd quarter. IndexIQ Advisors LLC now owns 1,485 shares of the company’s stock valued at $115,000 after buying an additional 4 shares in the last quarter. Marietta Investment Partners LLC raised its holdings in shares of Post Holdings by 2.7% during the 1st quarter. Marietta Investment Partners LLC now owns 3,223 shares of the company’s stock valued at $282,000 after buying an additional 86 shares in the last quarter. Atria Investments LLC raised its holdings in shares of Post Holdings by 2.2% during the 2nd quarter. Atria Investments LLC now owns 4,194 shares of the company’s stock valued at $326,000 after buying an additional 91 shares in the last quarter. Utah Retirement Systems raised its holdings in shares of Post Holdings by 0.9% during the 1st quarter. Utah Retirement Systems now owns 11,800 shares of the company’s stock valued at $1,033,000 after buying an additional 100 shares in the last quarter. Finally, Advantus Capital Management Inc raised its holdings in shares of Post Holdings by 2.1% during the 1st quarter. Advantus Capital Management Inc now owns 8,230 shares of the company’s stock valued at $720,000 after buying an additional 167 shares in the last quarter.
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A number of equities analysts have commented on the company. BidaskClub raised Post Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research cut Post Holdings from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 9th. TheStreet cut Post Holdings from a “b” rating to a “c” rating in a research note on Tuesday, May 30th. Barclays PLC reaffirmed a “buy” rating on shares of Post Holdings in a research note on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Post Holdings in a research note on Monday, July 17th. They issued a “buy” rating and a $105.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Post Holdings presently has a consensus rating of “Buy” and an average target price of $96.00.
Post Holdings, Inc. (NYSE:POST) opened at 84.80 on Friday. The stock’s market capitalization is $5.61 billion. Post Holdings, Inc. has a 52 week low of $68.76 and a 52 week high of $89.04. The firm has a 50-day moving average price of $84.64 and a 200-day moving average price of $83.06.
Post Holdings (NYSE:POST) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. Post Holdings had a positive return on equity of 6.53% and a negative net margin of 0.06%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. Equities research analysts predict that Post Holdings, Inc. will post $2.69 EPS for the current fiscal year.
Post Holdings announced that its board has initiated a stock repurchase plan on Wednesday, June 7th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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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