According to Zacks, “Post Holdings Inc. is a manufacturer, marketer and distributor of branded ready-to-eat cereals in the United States and Canada. The Company’s products are manufactured through a production platform consisting of four owned primary facilities and sold through a variety of channels such as grocery stores, mass merchandisers, club stores, and drug stores. Its portfolio of brands includes diverse offerings such as Honey Bunches of Oats, Pebbles, Post Selects, Great Grains, Spoon Size Shredded Wheat, Post Raisin Bran, Grape-Nuts and Honeycomb. Post Holdings Inc. is based in St. Louis, Missouri. “
Other research analysts also recently issued reports about the company. Piper Jaffray Companies downgraded Post from an overweight rating to a neutral rating in a research note on Friday, July 19th. ValuEngine downgraded Post from a buy rating to a hold rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Post has a consensus rating of Buy and a consensus price target of $122.78.
In other news, insider Mark W. Westphal purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were acquired at an average cost of $98.13 per share, with a total value of $196,260.00. Following the purchase, the insider now owns 40,703 shares in the company, valued at $3,994,185.39. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.10% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of POST. Bank of Montreal Can raised its stake in shares of Post by 113.4% in the second quarter. Bank of Montreal Can now owns 1,895,188 shares of the company’s stock worth $197,043,000 after purchasing an additional 1,006,903 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Post by 7.4% in the second quarter. Vanguard Group Inc. now owns 6,445,458 shares of the company’s stock worth $670,134,000 after purchasing an additional 441,778 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Post by 1,158.5% in the second quarter. APG Asset Management N.V. now owns 424,100 shares of the company’s stock worth $38,719,000 after purchasing an additional 390,400 shares during the last quarter. Invesco Ltd. raised its stake in shares of Post by 161.3% in the second quarter. Invesco Ltd. now owns 441,623 shares of the company’s stock worth $45,916,000 after purchasing an additional 272,636 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Post by 5,754.6% in the second quarter. Nuveen Asset Management LLC now owns 248,234 shares of the company’s stock worth $25,809,000 after purchasing an additional 243,994 shares during the last quarter. 90.53% of the stock is owned by hedge funds and other institutional investors.
Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It operates through Post Consumer Brands, Weetabix, Refrigerated Food, and Active Nutrition segments. The Post Consumer Brands segment manufactures, markets, and sells branded and private label ready-to-eat (RTE) cereal and hot cereal products.
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