Envestnet Asset Management Inc. Increases Holdings in Post Holdings, Inc. (NYSE:POST)

Envestnet Asset Management Inc. lifted its position in shares of Post Holdings, Inc. (NYSE:POST – Get Rating) by 13.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,099 shares of the company’s stock after buying an additional 6,598 shares during the period. Envestnet Asset Management Inc. owned about 0.10% of Post worth $4,677,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in shares of Post by 48.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 357 shares of the company’s stock valued at $29,000 after buying an additional 117 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Post by 1.0% during the 2nd quarter. Victory Capital Management Inc. now owns 12,830 shares of the company’s stock valued at $1,057,000 after buying an additional 128 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Post by 20.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 962 shares of the company’s stock worth $78,000 after purchasing an additional 163 shares during the period. Texas Permanent School Fund increased its stake in Post by 0.4% in the 2nd quarter. Texas Permanent School Fund now owns 40,513 shares of the company’s stock worth $3,336,000 after purchasing an additional 166 shares during the period. Finally, Gateway Investment Advisers LLC increased its stake in Post by 0.3% in the 3rd quarter. Gateway Investment Advisers LLC now owns 68,182 shares of the company’s stock worth $5,585,000 after purchasing an additional 207 shares during the period. 91.40% of the stock is owned by hedge funds and other institutional investors.

Post Trading Up 1.0 %

NYSE POST opened at $91.85 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.79 and a debt-to-equity ratio of 1.71. Post Holdings, Inc. has a twelve month low of $62.83 and a twelve month high of $98.84. The firm has a market capitalization of $5.40 billion, a PE ratio of 6.58 and a beta of 0.69. The stock’s 50 day moving average is $92.11 and its 200 day moving average is $89.69.

Post (NYSE:POST – Get Rating) last released its quarterly earnings results on Friday, February 3rd. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.50. Post had a return on equity of 5.36% and a net margin of 14.30%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $0.29 earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. Research analysts forecast that Post Holdings, Inc. will post 3.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Truist Financial lifted their price target on Post from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. Barclays lifted their price target on Post from $102.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 7th. BMO Capital Markets lifted their price target on Post from $96.00 to $99.00 and gave the stock a “market perform” rating in a research note on Monday, November 21st. StockNews.com cut Post from a “buy” rating to a “hold” rating in a research note on Thursday, December 15th. Finally, Piper Sandler boosted their target price on Post from $107.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, November 29th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.38.

About Post

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Post Holdings, Inc operates as a consumer packaged goods holding company. The firm engages in the operation of center-of-the-store, refrigerated, food service, food ingredient, active nutrition, and private brand food categories. It operates through the following segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail and BellRing Brands.