Carnegie Investment Counsel Boosts Stake in Post Holdings, Inc. (NYSE:POST)

Carnegie Investment Counsel grew its position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,199 shares of the company's stock after purchasing an additional 7,344 shares during the period. Carnegie Investment Counsel owned approximately 0.15% of Post worth $10,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in POST. Carolina Wealth Advisors LLC grew its holdings in shares of Post by 2.7% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,750 shares of the company's stock worth $773,000 after purchasing an additional 177 shares in the last quarter. Park Avenue Securities LLC lifted its position in Post by 21.0% during the fourth quarter. Park Avenue Securities LLC now owns 7,449 shares of the company's stock valued at $853,000 after purchasing an additional 1,291 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in Post in the 4th quarter worth approximately $946,000. Eagle Bay Advisors LLC bought a new position in shares of Post in the 4th quarter worth $75,000. Finally, Fortitude Family Office LLC increased its stake in Post by 426.0% in the fourth quarter. Fortitude Family Office LLC now owns 263 shares of the company's stock valued at $30,000 after acquiring an additional 213 shares during the last quarter. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Nicolas Catoggio sold 6,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $121.14, for a total value of $726,840.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Bradly A. Harper sold 1,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $120.09, for a total value of $120,090.00. Following the sale, the senior vice president now owns 11,220 shares of the company's stock, valued at $1,347,409.80. This represents a 8.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,969 shares of company stock worth $4,322,051 over the last quarter. 11.40% of the stock is currently owned by corporate insiders.

Post Stock Performance

POST traded up $0.41 during trading on Friday, hitting $108.00. The company's stock had a trading volume of 530,848 shares, compared to its average volume of 545,895. Post Holdings, Inc. has a one year low of $91.09 and a one year high of $125.84. The business's 50 day simple moving average is $113.64 and its 200-day simple moving average is $112.71. The firm has a market cap of $6.28 billion, a PE ratio of 19.15 and a beta of 0.66. The company has a quick ratio of 1.56, a current ratio of 2.36 and a debt-to-equity ratio of 1.66.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Post from $120.00 to $116.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 19th. Piper Sandler dropped their target price on shares of Post from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Evercore ISI lifted their price objective on Post from $123.00 to $126.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.57.

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.