Envestnet Portfolio Solutions Inc. Acquires 237 Shares of Post Holdings, Inc. $POST

Envestnet Portfolio Solutions Inc. boosted its holdings in Post Holdings, Inc. (NYSE:POST) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,970 shares of the company’s stock after buying an additional 237 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Post were worth $433,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in POST. Bessemer Group Inc. raised its holdings in 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 buying an additional 318 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Post by 2.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 4,960 shares of the company’s stock valued at $577,000 after buying an additional 133 shares during the last quarter. 3Chopt Investment Partners LLC bought a new position in Post in the 1st quarter valued at approximately $850,000. Astoria Portfolio Advisors LLC. bought a new position in Post in the 1st quarter valued at approximately $202,000. Finally, Silver Oak Securities Incorporated raised its holdings in Post by 73.3% in the 1st quarter. Silver Oak Securities Incorporated now owns 6,675 shares of the company’s stock valued at $768,000 after buying an additional 2,824 shares during the last quarter. Institutional investors own 94.85% of the company’s stock.

Post Stock Performance

NYSE POST opened at $108.84 on Thursday. The company has a fifty day simple moving average of $107.54 and a 200 day simple moving average of $109.23. Post Holdings, Inc. has a 12-month low of $101.05 and a 12-month high of $125.84. The company has a current ratio of 2.60, a quick ratio of 1.84 and a debt-to-equity ratio of 1.83. The company has a market cap of $5.91 billion, a P/E ratio of 18.51 and a beta of 0.49.

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

Post declared that its Board of Directors has authorized a stock repurchase plan on Friday, August 29th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Post

In other Post news, Director William P. Stiritz purchased 36,000 shares of Post stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on POST shares. Weiss Ratings reissued a “hold (c)” rating on shares of Post in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Post from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. JPMorgan Chase & Co. increased their target price 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. Zacks Research downgraded shares of Post from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Post from $117.00 to $115.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $130.80.

Post 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.