Envestnet Asset Management Inc. Has $16.88 Million Position in Post Holdings, Inc. (NYSE:POST)

Envestnet Asset Management Inc. boosted its stake in shares of Post Holdings, Inc. (NYSE:POST) by 42.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,030 shares of the company’s stock after acquiring an additional 47,889 shares during the quarter. Envestnet Asset Management Inc. owned 0.27% of Post worth $16,877,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Post by 6.7% during the first quarter. Vanguard Group Inc. now owns 5,288,249 shares of the company’s stock worth $562,035,000 after acquiring an additional 332,811 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Post by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 580,292 shares of the company’s stock valued at $61,674,000 after buying an additional 15,975 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Post by 347.8% in the fourth quarter. Verition Fund Management LLC now owns 256,983 shares of the company’s stock valued at $22,630,000 after buying an additional 199,592 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Post by 24.7% in the second quarter. Victory Capital Management Inc. now owns 223,633 shares of the company’s stock valued at $23,294,000 after buying an additional 44,290 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Post in the fourth quarter valued at $19,598,000. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Thomas C. Erb bought 2,000 shares of Post stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of $112.94 per share, for a total transaction of $225,880.00. Following the completion of the acquisition, the director now owns 35,475 shares in the company, valued at $4,006,546.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 10.70% of the company’s stock.

Post Price Performance

Shares of POST opened at $114.58 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.12 and a debt-to-equity ratio of 1.62. Post Holdings, Inc. has a 1 year low of $78.85 and a 1 year high of $118.96. The stock has a market cap of $6.94 billion, a P/E ratio of 21.95 and a beta of 0.63. The stock’s 50-day moving average price is $113.26 and its two-hundred day moving average price is $107.49.

Post (NYSE:POST) last issued its earnings results on Thursday, August 1st. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.33. Post had a return on equity of 10.91% and a net margin of 4.46%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the business earned $1.52 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Post Holdings, Inc. will post 5.95 earnings per share for the current year.

Analyst Ratings Changes

POST has been the subject of a number of research reports. Wells Fargo & Company raised their target price 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 raised their target price on Post from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their target price on Post from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Finally, Evercore ISI raised their target price on Post from $122.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $124.33.

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.