11,602 Shares in Post Holdings, Inc. (NYSE:POST) Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp bought a new stake in Post Holdings, Inc. (NYSE:POST) during the 4th quarter, Holdings Channel reports. The firm bought 11,602 shares of the company’s stock, valued at approximately $1,022,000.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC raised its holdings in Post by 3.9% during the third quarter. Exchange Traded Concepts LLC now owns 6,855 shares of the company’s stock worth $588,000 after purchasing an additional 257 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in Post by 21.0% in the third quarter. Measured Wealth Private Client Group LLC now owns 3,443 shares of the company’s stock valued at $295,000 after acquiring an additional 598 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Post by 24.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 22,711 shares of the company’s stock worth $1,947,000 after purchasing an additional 4,393 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Post by 11.4% in the 3rd quarter. Raymond James & Associates now owns 396,363 shares of the company’s stock valued at $33,984,000 after purchasing an additional 40,567 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Post by 4.7% in the third quarter. Brown Advisory Inc. now owns 22,755 shares of the company’s stock valued at $1,951,000 after purchasing an additional 1,014 shares during the period. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Post Stock Performance

Post stock opened at $106.20 on Thursday. The stock has a fifty day moving average price of $104.07 and a 200 day moving average price of $94.12. The company has a current ratio of 1.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.60. Post Holdings, Inc. has a 52 week low of $78.85 and a 52 week high of $107.67. The firm has a market capitalization of $6.44 billion, a P/E ratio of 22.79 and a beta of 0.66.

Post (NYSE:POST) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.07 by $0.62. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.92 billion. Post had a return on equity of 10.51% and a net margin of 4.03%. Equities research analysts anticipate that Post Holdings, Inc. will post 5.52 earnings per share for the current year.

Analyst Ratings Changes

POST has been the subject of a number of research reports. Stifel Nicolaus lifted their price target on shares of Post from $98.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Barclays upped their target price on Post from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Finally, Mizuho increased their price objective on shares of Post from $110.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.67.

Insider Activity

In related news, Director Thomas C. Erb purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average price of $104.24 per share, with a total value of $104,240.00. Following the completion of the transaction, the director now owns 33,475 shares of the company’s stock, valued at $3,489,434. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Thomas C. Erb acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average cost of $104.24 per share, with a total value of $104,240.00. Following the completion of the acquisition, the director now directly owns 33,475 shares in the company, valued at $3,489,434. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nicolas Catoggio sold 300 shares of Post stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $104.11, for a total value of $31,233.00. Following the completion of the transaction, the chief executive officer now owns 74,992 shares of the company’s stock, valued at approximately $7,807,417.12. The disclosure for this sale can be found here. Insiders own 10.70% of the company’s stock.

Post Company Profile

Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereals under Honey Bunches of Oats, Pebbles, and Malt-O-Meal brand names; hot cereal; peanut butter under the Peter Pan brand; and branded and private label dog and cat food products under Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits and Gravy Train brand names.