Nordea Investment Management AB Has $5.47 Million Stake in Post Holdings, Inc. $POST

Nordea Investment Management AB boosted its position in shares of Post Holdings, Inc. (NYSE:POST) by 0.6% in the second quarter, Holdings Channel reports. The fund owned 50,258 shares of the company’s stock after acquiring an additional 312 shares during the period. Nordea Investment Management AB’s holdings in Post were worth $5,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group lifted its position in Post by 232.1% during the 1st quarter. Brooklyn Investment Group now owns 279 shares of the company’s stock worth $32,000 after acquiring an additional 195 shares during the last quarter. Millstone Evans Group LLC raised its position in shares of Post by 167.2% during the first quarter. Millstone Evans Group LLC now owns 358 shares of the company’s stock valued at $42,000 after buying an additional 224 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Post by 200.0% during the first quarter. Bessemer Group Inc. now owns 477 shares of the company’s stock valued at $56,000 after buying an additional 318 shares during the last quarter. Byrne Asset Management LLC acquired a new position in shares of Post during the second quarter valued at about $52,000. Finally, Signaturefd LLC raised its position in shares of Post by 131.1% during the second quarter. Signaturefd LLC now owns 550 shares of the company’s stock valued at $60,000 after buying an additional 312 shares during the last quarter. Institutional investors and hedge funds own 94.85% of the company’s stock.

Post Stock Performance

NYSE POST opened at $106.68 on Tuesday. The stock has a market cap of $5.79 billion, a P/E ratio of 18.14 and a beta of 0.49. The company’s 50-day simple moving average is $107.53 and its 200 day simple moving average is $109.25. Post Holdings, Inc. has a twelve month low of $101.05 and a twelve month high of $125.84. 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) last posted its earnings results on Thursday, August 7th. The company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.36. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Post had a net margin of 4.62% and a return on equity of 10.80%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 earnings per share. As a group, research analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current fiscal year.

Post announced that its Board of Directors has authorized a stock buyback program on Friday, August 29th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on POST shares. JPMorgan Chase & Co. upped their price objective on shares of Post from $122.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Wells Fargo & Company cut their price objective on shares of Post from $117.00 to $115.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Post in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Post from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, Zacks Research lowered shares of Post from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Post currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.80.

Insiders Place Their Bets

In other news, Director William P. Stiritz acquired 36,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average cost of $109.53 per share, with a total value of $3,943,080.00. Following the completion of the purchase, the director owned 4,334,667 shares of the company’s stock, valued at $474,776,076.51. This represents a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.40% of the company’s stock.

Post Company Profile

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.