Gabelli Funds LLC Has $21.47 Million Stock Position in Post Holdings, Inc. (NYSE:POST)

Gabelli Funds LLC lessened its position in shares of Post Holdings, Inc. (NYSE:POST) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,160 shares of the company’s stock after selling 200 shares during the quarter. Gabelli Funds LLC owned approximately 0.34% of Post worth $21,474,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Post in the second quarter worth $27,000. New Covenant Trust Company N.A. acquired a new position in shares of Post in the 1st quarter valued at $29,000. TFO Wealth Partners LLC lifted its holdings in shares of Post by 9,966.7% during the 4th quarter. TFO Wealth Partners LLC now owns 302 shares of the company’s stock worth $264,000 after acquiring an additional 299 shares during the period. Parallel Advisors LLC boosted its position in shares of Post by 487.0% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the company’s stock valued at $28,000 after acquiring an additional 263 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Post by 263.8% in the first quarter. Bessemer Group Inc. now owns 342 shares of the company’s stock valued at $36,000 after acquiring an additional 248 shares during the period. 94.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Thomas C. Erb bought 2,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $112.94 per share, with a total value of $225,880.00. Following the completion of the purchase, the director now 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 available at this hyperlink. Insiders own 10.70% of the company’s stock.

Post Price Performance

NYSE POST opened at $114.49 on Monday. The stock’s 50 day simple moving average is $113.10 and its 200 day simple moving average is $107.41. Post Holdings, Inc. has a one year low of $78.85 and a one year high of $118.96. The firm has a market cap of $6.94 billion, a PE ratio of 21.93 and a beta of 0.63. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.05 and a quick ratio of 1.12.

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

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.