Mackenzie Financial Corp Buys New Holdings in Post Holdings, Inc. (NYSE:POST)

Mackenzie Financial Corp bought a new stake in Post Holdings, Inc. (NYSE:POST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,602 shares of the company’s stock, valued at approximately $1,022,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in POST. Clarkston Capital Partners LLC boosted its stake in shares of Post by 12.8% in the 3rd quarter. Clarkston Capital Partners LLC now owns 3,396,881 shares of the company’s stock worth $291,249,000 after buying an additional 385,640 shares during the last quarter. Wellington Management Group LLP increased its position in Post by 14.7% in the third quarter. Wellington Management Group LLP now owns 1,634,146 shares of the company’s stock worth $140,112,000 after buying an additional 209,111 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in Post in the third quarter worth $8,694,000. Diamond Hill Capital Management Inc. increased its position in Post by 6.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,641,756 shares of the company’s stock worth $140,764,000 after buying an additional 99,115 shares during the last quarter. Finally, UBS Group AG increased its position in Post by 195.5% in the third quarter. UBS Group AG now owns 103,979 shares of the company’s stock worth $8,915,000 after buying an additional 68,790 shares during the last quarter. 94.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Post news, CAO Diedre J. Gray sold 7,297 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $104.51, for a total transaction of $762,609.47. Following the transaction, the chief accounting officer now owns 51,073 shares in the company, valued at approximately $5,337,639.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Post news, CAO Diedre J. Gray sold 7,297 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $104.51, for a total transaction of $762,609.47. Following the completion of the sale, the chief accounting officer now directly owns 51,073 shares in the company, valued at approximately $5,337,639.23. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas C. Erb bought 1,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were bought at an average price of $104.24 per share, with a total value of $104,240.00. Following the completion of the purchase, the director now owns 33,475 shares in the company, valued at approximately $3,489,434. The disclosure for this purchase can be found here. Company insiders own 10.70% of the company’s stock.

Post Stock Up 1.0 %

Shares of NYSE:POST opened at $106.20 on Thursday. Post Holdings, Inc. has a 1 year low of $78.85 and a 1 year high of $107.67. The company has a market cap of $6.44 billion, a PE ratio of 22.79 and a beta of 0.66. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.99 and a quick ratio of 1.00. The stock’s 50-day moving average is $104.07 and its 200 day moving average is $94.12.

Post (NYSE:POST) last posted its earnings results on Thursday, February 1st. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.62. Post had a return on equity of 10.51% and a net margin of 4.03%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.92 billion. Sell-side analysts anticipate that Post Holdings, Inc. will post 5.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays raised their price target on Post from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Stifel Nicolaus lifted their price objective on Post from $98.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Mizuho lifted their price target on Post from $110.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.67.

Post 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.