California Public Employees Retirement System cut its stake in Post Holdings, Inc. (NYSE:POST - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,126 shares of the company's stock after selling 3,408 shares during the period. California Public Employees Retirement System owned 0.42% of Post worth $27,714,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in shares of Post by 426.0% during the fourth quarter. Fortitude Family Office LLC now owns 263 shares of the company's stock worth $30,000 after buying an additional 213 shares during the period. Quarry LP boosted its position in Post by 244.9% during the third quarter. Quarry LP now owns 338 shares of the company's stock valued at $39,000 after acquiring an additional 240 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Post during the 4th quarter worth about $54,000. Eagle Bay Advisors LLC bought a new position in shares of Post in the 4th quarter worth about $75,000. Finally, Versant Capital Management Inc lifted its stake in shares of Post by 71.3% in the 4th quarter. Versant Capital Management Inc now owns 930 shares of the company's stock valued at $106,000 after purchasing an additional 387 shares during the period. Institutional investors and hedge funds own 94.85% of the company's stock.
Insider Activity at Post
In other Post news, SVP Bradly A. Harper sold 2,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total value of $229,180.00. Following the transaction, the senior vice president now owns 8,741 shares of the company's stock, valued at approximately $1,001,631.19. The trade was a 18.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Diedre J. Gray sold 15,157 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $115.80, for a total value of $1,755,180.60. Following the completion of the transaction, the chief accounting officer now owns 19,325 shares of the company's stock, valued at $2,237,835. This trade represents a 43.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,096 shares of company stock valued at $4,129,355 over the last ninety days. Corporate insiders own 11.40% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on POST shares. Piper Sandler lifted their target price on Post from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Wells Fargo & Company raised their target price on Post from $122.00 to $124.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.
Check Out Our Latest Stock Analysis on Post
Post Stock Down 2.2 %
POST stock traded down $2.54 during mid-day trading on Tuesday, reaching $111.65. 659,784 shares of the company traded hands, compared to its average volume of 536,281. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 18.39 and a beta of 0.52. Post Holdings, Inc. has a fifty-two week low of $99.62 and a fifty-two week high of $125.84. The firm's 50 day moving average price is $112.58 and its 200 day moving average price is $112.74. The company has a quick ratio of 1.64, a current ratio of 2.39 and a debt-to-equity ratio of 1.78.
Post (NYSE:POST - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.24. Post had a return on equity of 10.48% and a net margin of 4.94%. As a group, equities research analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.
Post Company Profile
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Free Report)
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.
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