Point72 Asia Singapore Pte. Ltd. Acquires 5,414 Shares of Post Holdings, Inc. (NYSE:POST)

Point72 Asia Singapore Pte. Ltd. raised its holdings in Post Holdings, Inc. (NYSE:POST) by 905.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,012 shares of the company’s stock after purchasing an additional 5,414 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Post were worth $696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in POST. Point72 Asset Management L.P. raised its position in shares of Post by 51.4% during the second quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company’s stock worth $128,863,000 after acquiring an additional 419,945 shares during the last quarter. Braun Stacey Associates Inc. bought a new stake in shares of Post during the third quarter worth $23,089,000. Allspring Global Investments Holdings LLC raised its position in shares of Post by 901.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 179,222 shares of the company’s stock worth $20,745,000 after acquiring an additional 161,334 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Post by 352.0% during the third quarter. The Manufacturers Life Insurance Company now owns 196,193 shares of the company’s stock worth $22,709,000 after acquiring an additional 152,791 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. bought a new stake in shares of Post during the third quarter worth $14,480,000. Institutional investors own 94.85% of the company’s stock.

Post Trading Up 0.9 %

NYSE POST opened at $120.48 on Monday. The stock has a 50-day simple moving average of $113.03 and a 200 day simple moving average of $110.47. The company has a market capitalization of $7.04 billion, a PE ratio of 21.36 and a beta of 0.64. The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 1.66. Post Holdings, Inc. has a 12 month low of $83.73 and a 12 month high of $121.07.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on POST. Evercore ISI boosted their target price on Post from $123.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. JPMorgan Chase & Co. upped their price objective on Post from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Stifel Nicolaus upped their price objective on Post from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company dropped their price objective on Post from $120.00 to $116.00 and set an “equal weight” rating for the company in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.17.

About Post

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.