Janney Montgomery Scott LLC grew its position in Post Holdings, Inc. (NYSE:POST – Free Report) by 40.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,640 shares of the company’s stock after purchasing an additional 3,960 shares during the period. Janney Montgomery Scott LLC’s holdings in Post were worth $1,579,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. BOKF NA increased its position in Post by 1.7% during the first quarter. BOKF NA now owns 5,826 shares of the company’s stock worth $614,000 after buying an additional 97 shares during the last quarter. Truist Financial Corp raised its stake in shares of Post by 5.0% in the 2nd quarter. Truist Financial Corp now owns 2,376 shares of the company’s stock valued at $247,000 after acquiring an additional 114 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Post by 2.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 5,002 shares of the company’s stock valued at $521,000 after acquiring an additional 117 shares in the last quarter. CarsonAllaria Wealth Management Ltd. lifted its holdings in Post by 12.8% in the 2nd quarter. CarsonAllaria Wealth Management Ltd. now owns 1,233 shares of the company’s stock worth $128,000 after purchasing an additional 140 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in Post by 4.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,800 shares of the company’s stock worth $396,000 after purchasing an additional 146 shares during the period. 94.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on POST. Evercore ISI boosted their price objective on shares of Post from $122.00 to $123.00 and gave the stock an “outperform” 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 research report on Monday, August 5th. Wells Fargo & Company boosted their price objective on Post from $108.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.33.
Post Stock Down 1.5 %
Shares of POST opened at $107.78 on Friday. 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 company has a 50-day simple moving average of $113.34 and a 200-day simple moving average of $109.73. Post Holdings, Inc. has a 52 week low of $82.86 and a 52 week high of $118.96. The firm has a market capitalization of $6.30 billion, a P/E ratio of 20.07 and a beta of 0.64.
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.
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