Post Holdings, Inc. $POST Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in Post Holdings, Inc. (NYSE:POST) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 306,219 shares of the company’s stock after acquiring an additional 3,978 shares during the period. Envestnet Asset Management Inc. owned 0.55% of Post worth $33,387,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in POST. Brooklyn Investment Group increased its position in Post by 232.1% in the 1st quarter. Brooklyn Investment Group now owns 279 shares of the company’s stock valued at $32,000 after acquiring an additional 195 shares during the period. Millstone Evans Group LLC increased its position in Post by 167.2% in the 1st quarter. Millstone Evans Group LLC now owns 358 shares of the company’s stock valued at $42,000 after acquiring an additional 224 shares during the period. Byrne Asset Management LLC acquired a new position in Post in the 2nd quarter valued at about $52,000. Signaturefd LLC increased its position in Post by 131.1% in the 2nd quarter. Signaturefd LLC now owns 550 shares of the company’s stock valued at $60,000 after acquiring an additional 312 shares during the period. Finally, Parallel Advisors LLC increased its position in Post by 17.7% in the 2nd quarter. Parallel Advisors LLC now owns 844 shares of the company’s stock valued at $92,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

Post Price Performance

Shares of NYSE:POST opened at $104.08 on Monday. The business’s 50 day simple moving average is $106.99 and its 200-day simple moving average is $108.66. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 17.70 and a beta of 0.49. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.60 and a quick ratio of 1.84. Post Holdings, Inc. has a 12 month low of $100.44 and a 12 month high of $125.84.

Post (NYSE:POST) last announced its quarterly earnings results on Thursday, August 7th. The company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.67 by $0.36. The business 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 company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.54 EPS. As a group, equities analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Post declared that its Board of Directors has initiated a stock buyback program on Friday, August 29th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Post

In other news, Director William P. Stiritz purchased 36,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $109.53 per share, with a total value of $3,943,080.00. Following the purchase, the director directly owned 4,334,667 shares of the company’s stock, valued at $474,776,076.51. The trade was a 0.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 11.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on POST. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Post in a report on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on Post from $117.00 to $115.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Wall Street Zen lowered Post from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Zacks Research lowered Post from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Post from $131.00 to $132.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.00.

About Post

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.