Pendal Group Ltd boosted its position in shares of Post Holdings Inc (NYSE:POST) by 14.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,272 shares of the company’s stock after acquiring an additional 2,234 shares during the period. Pendal Group Ltd’s holdings in Post were worth $1,693,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in POST. Harvest Fund Management Co. Ltd bought a new stake in Post during the 3rd quarter worth approximately $106,000. Sageworth Trust Co grew its holdings in Post by 160.0% during the 3rd quarter. Sageworth Trust Co now owns 1,300 shares of the company’s stock valued at $127,000 after buying an additional 800 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Post during the 2nd quarter valued at approximately $136,000. Toronto Dominion Bank purchased a new stake in Post during the 2nd quarter valued at approximately $181,000. Finally, Cerebellum GP LLC purchased a new stake in Post during the 3rd quarter valued at approximately $185,000.
Shares of POST opened at $92.62 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.94 and a debt-to-equity ratio of 2.35. Post Holdings Inc has a 1 year low of $70.66 and a 1 year high of $101.43. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 23.51, a P/E/G ratio of 1.18 and a beta of 0.03.
A number of brokerages have issued reports on POST. Piper Jaffray Companies began coverage on shares of Post in a report on Thursday, August 16th. They set an “overweight” rating and a $115.00 price objective for the company. ValuEngine lowered shares of Post from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Zacks Investment Research raised shares of Post from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Saturday, October 6th. Stifel Nicolaus increased their price objective on shares of Post from $97.00 to $115.00 and gave the company a “buy” rating in a report on Friday, October 5th. Finally, Barclays began coverage on shares of Post in a report on Tuesday, August 14th. They set an “overweight” rating and a $105.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Post presently has an average rating of “Buy” and a consensus price target of $110.25.
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Post Holdings, Inc operates as a consumer packaged goods holding company in the United States and internationally. It manufactures and sells ready-to-eat cereal and hot cereal, egg, refrigerated potato, cheese and other dairy case, and pasta products; and markets and distributes ready-to-drink beverages, bars, powders and other nutritional supplements.
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