Miracle Mile Advisors LLC Acquires New Stake in Post Holdings, Inc. (NYSE:POST)

Miracle Mile Advisors LLC acquired a new stake in shares of Post Holdings, Inc. (NYSE:POST - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,263 shares of the company's stock, valued at approximately $946,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its position in Post by 51.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,237,165 shares of the company's stock valued at $128,863,000 after buying an additional 419,945 shares in the last quarter. Holocene Advisors LP raised its position in shares of Post by 21.0% in the 3rd quarter. Holocene Advisors LP now owns 1,405,298 shares of the company's stock valued at $162,663,000 after purchasing an additional 244,221 shares during the last quarter. Braun Stacey Associates Inc. acquired a new stake in Post in the 3rd quarter worth approximately $23,089,000. Allspring Global Investments Holdings LLC increased its stake in Post by 901.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 179,222 shares of the company's stock valued at $20,745,000 after purchasing an additional 161,334 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Post by 352.0% in the third quarter. The Manufacturers Life Insurance Company now owns 196,193 shares of the company's stock worth $22,709,000 after buying an additional 152,791 shares during the last quarter. Hedge funds and other institutional investors own 94.85% of the company's stock.

Insider Activity

In related news, SVP Bradly A. Harper sold 1,000 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $120.09, for a total value of $120,090.00. Following the completion of the sale, the senior vice president now owns 11,220 shares of the company's stock, valued at approximately $1,347,409.80. The trade was a 8.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicolas Catoggio sold 6,000 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $121.14, for a total transaction of $726,840.00. Following the transaction, the chief executive officer now owns 70,501 shares of the company's stock, valued at $8,540,491.14. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,969 shares of company stock valued at $4,322,051 in the last three months. 11.40% of the stock is currently owned by corporate insiders.

Post Stock Performance

POST stock traded down $0.54 during trading on Wednesday, hitting $106.96. 471,476 shares of the company traded hands, compared to its average volume of 520,797. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.36 and a quick ratio of 1.56. Post Holdings, Inc. has a 1 year low of $91.09 and a 1 year high of $125.84. The stock's 50-day simple moving average is $113.67 and its 200 day simple moving average is $112.75. The company has a market cap of $6.22 billion, a PE ratio of 18.96 and a beta of 0.66.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on POST. Wells Fargo & Company reduced their price objective on Post from $120.00 to $116.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 19th. Evercore ISI increased their price objective on shares of Post from $123.00 to $126.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Post has an average rating of "Moderate Buy" and a consensus target price 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.