Wealth Enhancement Advisory Services LLC Purchases 731 Shares of Post Holdings, Inc. $POST

Wealth Enhancement Advisory Services LLC increased its position in shares of Post Holdings, Inc. (NYSE:POST) by 16.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,195 shares of the company’s stock after buying an additional 731 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Post were worth $565,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of POST. Parallel Advisors LLC grew its holdings in shares of Post by 112.8% during the first quarter. Parallel Advisors LLC now owns 717 shares of the company’s stock worth $83,000 after buying an additional 380 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Post by 10.0% during the first quarter. Wedge Capital Management L L P NC now owns 289,530 shares of the company’s stock worth $33,690,000 after buying an additional 26,262 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Post by 27.3% during the first quarter. Fifth Third Bancorp now owns 829 shares of the company’s stock worth $96,000 after buying an additional 178 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Post by 7.3% during the first quarter. Exchange Traded Concepts LLC now owns 6,922 shares of the company’s stock worth $805,000 after buying an additional 472 shares in the last quarter. Finally, Silver Oak Securities Incorporated grew its holdings in shares of Post by 73.3% during the first quarter. Silver Oak Securities Incorporated now owns 6,675 shares of the company’s stock worth $768,000 after buying an additional 2,824 shares in the last quarter. 94.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

POST has been the subject of several recent research reports. Wall Street Zen raised Post from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Zacks Research cut Post from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Piper Sandler increased their price target on Post from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. increased their price target on Post from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Post in a research report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Post has a consensus rating of “Moderate Buy” and an average target price of $130.80.

Post Price Performance

Shares of NYSE POST opened at $107.31 on Friday. The firm has a market cap of $5.83 billion, a P/E ratio of 18.25 and a beta of 0.49. The company has a current ratio of 2.60, a quick ratio of 1.84 and a debt-to-equity ratio of 1.83. Post Holdings, Inc. has a 1-year low of $101.05 and a 1-year high of $125.84. The business’s 50 day moving average is $107.32 and its 200-day moving average is $109.91.

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

Post declared that its Board of Directors has authorized a share buyback program on Friday, August 29th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Post

In other news, Director William P. Stiritz bought 36,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $109.53 per share, for a total transaction of $3,943,080.00. Following the completion of the purchase, the director owned 4,334,667 shares in the company, valued at approximately $474,776,076.51. This trade represents a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.40% 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.