Key Points
- Director David Kemper purchased 1,800 shares at an average price of $97.93 on Nov. 24 for $176,274, increasing his direct holding to 31,522 shares (a 6.06% rise).
- Post beat estimates for the quarter, posting $2.09 EPS versus $1.89 expected and $2.25 billion in revenue, up 11.8% year-over-year.
- Analysts hold a Moderate Buy consensus with a $126.50 target; the stock trades near $101, with a $5.5B market cap and a P/E of 17.23.
Post Holdings, Inc. (NYSE:POST - Get Free Report) Director David Kemper purchased 1,800 shares of the firm's stock in a transaction dated Monday, November 24th. The shares were bought at an average cost of $97.93 per share, with a total value of $176,274.00. Following the purchase, the director directly owned 31,522 shares of the company's stock, valued at approximately $3,086,949.46. This represents a 6.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Post Stock Up 4.4%
Shares of NYSE:POST opened at $101.30 on Wednesday. Post Holdings, Inc. has a 52-week low of $96.34 and a 52-week high of $125.84. The stock has a market cap of $5.50 billion, a P/E ratio of 17.23 and a beta of 0.49. The business's 50 day moving average is $105.70 and its 200 day moving average is $107.68. The company has a quick ratio of 1.84, a current ratio of 2.60 and a debt-to-equity ratio of 1.83.
Post (NYSE:POST - Get Free Report) last issued its earnings results on Thursday, November 20th. The company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.20. Post had a return on equity of 10.80% and a net margin of 4.62%.The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period in the previous year, the company posted $1.53 EPS. Post's revenue was up 11.8% on a year-over-year basis. Sell-side analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current year.
Post declared that its Board of Directors has approved a stock repurchase plan on Friday, August 29th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Post by 5.4% in the first quarter. Vanguard Group Inc. now owns 5,418,085 shares of the company's stock valued at $630,448,000 after acquiring an additional 277,786 shares in the last quarter. Clarkston Capital Partners LLC lifted its holdings in shares of Post by 3.2% during the 1st quarter. Clarkston Capital Partners LLC now owns 3,364,510 shares of the company's stock valued at $391,494,000 after purchasing an additional 105,325 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Post by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,812,423 shares of the company's stock worth $302,272,000 after purchasing an additional 110,928 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Post by 35.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,313,852 shares of the company's stock worth $143,249,000 after buying an additional 340,599 shares during the last quarter. Finally, Norges Bank acquired a new position in Post during the 2nd quarter valued at about $136,310,000. Institutional investors own 94.85% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Post in a research note on Wednesday, October 8th. Evercore ISI reduced their price target on shares of Post from $131.00 to $129.00 and set an "outperform" rating for the company in a report on Monday. JPMorgan Chase & Co. increased their price objective on shares of Post from $131.00 to $132.00 and gave the company an "overweight" rating in a research note on Monday, October 27th. Barclays cut their price objective on shares of Post from $125.00 to $113.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Wall Street Zen cut Post from a "buy" rating to a "hold" rating in a research report on Sunday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Post has a consensus rating of "Moderate Buy" and a consensus target price of $126.50.
Get Our Latest Analysis on POST
Post Company Profile
(
Get Free Report)
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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