Thomas C. Erb Buys 2,000 Shares of Post Holdings, Inc. (NYSE:POST) Stock

Post Holdings, Inc. (NYSE:POST) Director Thomas C. Erb purchased 2,000 shares of the stock in a transaction that occurred on Monday, November 22nd. The stock was bought at an average price of $103.64 per share, with a total value of $207,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of POST stock opened at $103.69 on Thursday. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.54 and a current ratio of 2.26. Post Holdings, Inc. has a one year low of $90.87 and a one year high of $117.91. The company’s 50-day simple moving average is $106.12 and its 200-day simple moving average is $109.01. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 37.30 and a beta of 0.72.

Post (NYSE:POST) last issued its quarterly earnings results on Thursday, November 18th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.50). Post had a return on equity of 5.84% and a net margin of 3.26%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business posted $0.58 EPS. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, research analysts forecast that Post Holdings, Inc. will post 2.77 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in Post by 849.0% in the second quarter. Goldman Sachs Group Inc. now owns 2,622,942 shares of the company’s stock worth $284,511,000 after acquiring an additional 2,346,566 shares during the last quarter. Factorial Partners LLC lifted its holdings in Post by 19,919.3% in the first quarter. Factorial Partners LLC now owns 940,908 shares of the company’s stock worth $8,900,000 after acquiring an additional 936,208 shares during the last quarter. Bank of Nova Scotia bought a new position in Post in the second quarter worth about $52,247,000. Assenagon Asset Management S.A. lifted its holdings in Post by 547.8% in the third quarter. Assenagon Asset Management S.A. now owns 453,506 shares of the company’s stock worth $49,958,000 after acquiring an additional 383,501 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Post by 4,917.9% in the second quarter. Deutsche Bank AG now owns 324,055 shares of the company’s stock worth $35,150,000 after acquiring an additional 317,597 shares during the last quarter. 92.20% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on POST shares. Zacks Investment Research upgraded Post from a “sell” rating to a “hold” rating and set a $117.00 price target for the company in a report on Monday, October 4th. TheStreet downgraded Post from a “b” rating to a “c+” rating in a report on Monday, August 2nd. Evercore ISI restated a “buy” rating on shares of Post in a research note on Tuesday. Truist Securities lowered their target price on Post from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Monday. Finally, Citigroup lowered their target price on Post from $128.00 to $122.00 and set a “buy” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $121.14.

About Post

Post Holdings, Inc is a consumer packaged goods holding company, which engages in operating of center-of-the-store, refrigerated, foodservice, food ingredient, active nutrition, and private brand food categories. It operates through the following segments: Post Consumer Brands, Weetabix, Foodservice, Refrigerated Retail, and BellRing Brands.

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