Post Holdings, Inc. (NYSE:POST) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in shares of Post Holdings, Inc. (NYSE:POST) by 20.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,720 shares of the company’s stock after buying an additional 4,500 shares during the quarter. Federated Hermes Inc.’s holdings in Post were worth $2,783,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in POST. Opal Wealth Advisors LLC purchased a new position in shares of Post in the 2nd quarter valued at approximately $27,000. Parallel Advisors LLC grew its position in Post by 487.0% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the company’s stock valued at $28,000 after buying an additional 263 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in Post in the 1st quarter valued at $29,000. Bessemer Group Inc. raised its position in Post by 263.8% during the 1st quarter. Bessemer Group Inc. now owns 342 shares of the company’s stock worth $36,000 after buying an additional 248 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Post by 5,283.3% in the 2nd quarter. Versant Capital Management Inc now owns 646 shares of the company’s stock worth $67,000 after acquiring an additional 634 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

Post Stock Performance

Shares of POST stock opened at $114.48 on Friday. The stock has a fifty day moving average price of $112.95 and a 200 day moving average price of $107.28. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.12 and a current ratio of 2.05. The stock has a market cap of $6.94 billion, a PE ratio of 21.93 and a beta of 0.63. Post Holdings, Inc. has a 1 year low of $78.85 and a 1 year high of $118.96.

Post (NYSE:POST) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.33. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.02 billion. Post had a return on equity of 10.91% and a net margin of 4.46%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 EPS. Sell-side analysts forecast that Post Holdings, Inc. will post 5.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on POST. Wells Fargo & Company boosted their price target on shares of Post from $108.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Stifel Nicolaus raised their price target on Post from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, August 5th. Evercore ISI lifted their price target on Post from $122.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on Post from $118.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.33.

Insider Buying and Selling at Post

In other Post news, Director Thomas C. Erb acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $112.94 per share, with a total value of $225,880.00. Following the purchase, the director now directly owns 35,475 shares in the company, valued at approximately $4,006,546.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 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.