Cohen Capital Management Inc. increased its stake in Post Holdings Inc. (NYSE:POST) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,000 shares of the company’s stock after buying an additional 627 shares during the period. Cohen Capital Management Inc.’s holdings in Post Holdings were worth $3,241,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in POST. YHB Investment Advisors Inc. bought a new stake in Post Holdings during the second quarter valued at about $351,000. LS Investment Advisors LLC raised its stake in Post Holdings by 73.0% in the second quarter. LS Investment Advisors LLC now owns 3,897 shares of the company’s stock valued at $322,000 after buying an additional 1,644 shares during the last quarter. Clarkston Capital Partners LLC raised its stake in Post Holdings by 7.7% in the second quarter. Clarkston Capital Partners LLC now owns 398,980 shares of the company’s stock valued at $32,992,000 after buying an additional 28,550 shares during the last quarter. IBM Retirement Fund bought a new stake in Post Holdings during the second quarter valued at about $536,000. Finally, Jag Capital Management LLC bought a new stake in Post Holdings during the second quarter valued at about $5,025,000.
Post Holdings (NYSE:POST) last announced its quarterly earnings results on Thursday, November 17th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.17. Post Holdings had a positive return on equity of 6.92% and a negative net margin of 0.07%. The company earned $1.26 billion during the quarter. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year.
Several analysts have issued reports on the company. BMO Capital Markets restated an “outperform” rating and issued a $90.00 price objective on shares of Post Holdings in a research note on Wednesday, August 10th. Zacks Investment Research lowered Post Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Stifel Nicolaus dropped their price objective on Post Holdings from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, November 21st. Finally, TheStreet lowered Post Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, November 17th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.50.
In other news, Director William P. Stiritz acquired 120,000 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was acquired at an average cost of $75.48 per share, for a total transaction of $9,057,600.00. Following the completion of the acquisition, the director now owns 1,381,996 shares in the company, valued at $104,313,058.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.
About Post Holdings
Post Holdings, Inc is a consumer packaged goods holding company. The Company operates through four segments, namely, Post Consumer Brands, Michael Foods Group, Active Nutrition and Private Brands. The Company’s Post Consumer Brands segment includes the Post Foods branded ready-to-eat cereal operations and the business of MOM Brands.