ProShare Advisors LLC Has $315,000 Stock Position in Post Holdings, Inc. (NYSE:POST)

ProShare Advisors LLC reduced its position in shares of Post Holdings, Inc. (NYSE:POSTGet Rating) by 17.4% during the first quarter, Holdings Channel reports. The institutional investor owned 4,551 shares of the company’s stock after selling 962 shares during the period. ProShare Advisors LLC’s holdings in Post were worth $315,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Prospera Financial Services Inc acquired a new position in Post during the 1st quarter worth approximately $30,000. Covestor Ltd purchased a new stake in shares of Post in the fourth quarter worth approximately $66,000. Maverick Capital Ltd. purchased a new stake in shares of Post in the fourth quarter worth approximately $77,000. Lazard Asset Management LLC raised its stake in shares of Post by 148.8% in the fourth quarter. Lazard Asset Management LLC now owns 729 shares of the company’s stock worth $82,000 after purchasing an additional 436 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Post in the fourth quarter worth approximately $123,000. 90.33% of the stock is owned by institutional investors and hedge funds.

Post Price Performance

Shares of NYSE POST opened at $87.69 on Tuesday. The stock has a fifty day simple moving average of $85.96 and a two-hundred day simple moving average of $82.80. Post Holdings, Inc. has a 1-year low of $62.83 and a 1-year high of $91.48. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 7.79 and a beta of 0.60. The company has a current ratio of 3.02, a quick ratio of 2.33 and a debt-to-equity ratio of 1.77.

Post (NYSE:POSTGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.11. Post had a return on equity of 3.40% and a net margin of 11.20%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company earned $0.93 earnings per share. Post’s revenue was down 5.6% compared to the same quarter last year. Analysts anticipate that Post Holdings, Inc. will post 1.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on POST shares. Citigroup started coverage on Post in a research note on Monday, May 9th. They issued a “buy” rating and a $92.00 price objective for the company. Evercore ISI increased their price target on Post to $98.00 in a research report on Monday, August 15th. Piper Sandler increased their price target on Post to $109.00 in a research report on Monday, August 29th. Finally, Stifel Nicolaus increased their price target on Post from $95.00 to $100.00 in a research report on Monday, August 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.33.

About Post

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Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through five segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.

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Institutional Ownership by Quarter for Post (NYSE:POST)

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