AQR Capital Management LLC Sells 3,299 Shares of Post Holdings, Inc. $POST

AQR Capital Management LLC reduced its holdings in shares of Post Holdings, Inc. (NYSE:POST) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,906 shares of the company’s stock after selling 3,299 shares during the quarter. AQR Capital Management LLC owned about 0.11% of Post worth $7,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group increased its stake in Post by 232.1% in the 1st quarter. Brooklyn Investment Group now owns 279 shares of the company’s stock worth $32,000 after acquiring an additional 195 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Post by 68.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 352 shares of the company’s stock worth $41,000 after acquiring an additional 143 shares during the last quarter. Millstone Evans Group LLC lifted its holdings in shares of Post by 167.2% in the 1st quarter. Millstone Evans Group LLC now owns 358 shares of the company’s stock worth $42,000 after acquiring an additional 224 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Post by 200.0% in the 1st quarter. Bessemer Group Inc. now owns 477 shares of the company’s stock valued at $56,000 after purchasing an additional 318 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Post by 112.8% in the 1st quarter. Parallel Advisors LLC now owns 717 shares of the company’s stock worth $83,000 after purchasing an additional 380 shares during the period. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Post Trading Up 1.2%

Shares of Post stock opened at $106.02 on Friday. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 18.03 and a beta of 0.51. Post Holdings, Inc. has a twelve month low of $101.05 and a twelve month high of $125.84. The business has a 50-day moving average price of $107.91 and a 200-day moving average price of $110.87. The company has a quick ratio of 1.84, a current ratio of 2.60 and a debt-to-equity ratio of 1.83.

Post (NYSE:POST) last posted its earnings results on Thursday, August 7th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.36. Post had a net margin of 4.62% and a return on equity of 10.80%. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the firm posted $1.54 earnings per share. Post’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.

Post announced that its board has authorized a share buyback program on Friday, August 29th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Post

In related news, Director William P. Stiritz bought 36,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $109.53 per share, with a total value of $3,943,080.00. Following the transaction, the director owned 4,334,667 shares in the company, valued at $474,776,076.51. This trade represents a 0.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on POST shares. Wall Street Zen raised shares of Post from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Evercore ISI upped their price objective on Post from $130.00 to $131.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Wells Fargo & Company dropped their price target on shares of Post from $120.00 to $117.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 9th. Piper Sandler upped their price objective on Post from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, June 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Post from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Post currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.20.

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.