Clarkston Capital Partners LLC cut its stake in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,259,185 shares of the company's stock after selling 84,965 shares during the quarter. Post comprises approximately 7.1% of Clarkston Capital Partners LLC's investment portfolio, making the stock its biggest holding. Clarkston Capital Partners LLC owned 5.60% of Post worth $373,046,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Retirement Systems of Alabama raised its position in Post by 4.7% during the 3rd quarter. Retirement Systems of Alabama now owns 102,173 shares of the company's stock worth $11,827,000 after buying an additional 4,606 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in Post during the 4th quarter worth about $946,000. Truist Financial Corp grew its position in Post by 4.2% during the 4th quarter. Truist Financial Corp now owns 2,781 shares of the company's stock worth $318,000 after purchasing an additional 113 shares during the period. Tidal Investments LLC purchased a new position in shares of Post during the 3rd quarter valued at about $733,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of Post by 1,993.6% in the third quarter. TD Private Client Wealth LLC now owns 8,563 shares of the company's stock worth $991,000 after buying an additional 8,154 shares during the last quarter. 94.85% of the stock is owned by institutional investors and hedge funds.
Post Price Performance
POST stock traded up $1.57 during trading on Friday, hitting $117.15. The stock had a trading volume of 159,558 shares, compared to its average volume of 540,434. The company's 50-day moving average price is $113.15 and its two-hundred day moving average price is $112.79. Post Holdings, Inc. has a twelve month low of $99.62 and a twelve month high of $125.84. The stock has a market capitalization of $6.62 billion, a P/E ratio of 19.32 and a beta of 0.52. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.39 and a quick ratio of 1.64.
Post (NYSE:POST - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates 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, research analysts predict that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on POST shares. Piper Sandler lifted their target price on shares of Post from $120.00 to $140.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Wells Fargo & Company raised their price objective on Post from $122.00 to $124.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $127.50.
View Our Latest Stock Report on Post
Insiders Place Their Bets
In other Post news, SVP Bradly A. Harper sold 2,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $114.59, for a total transaction of $229,180.00. Following the completion of the sale, the senior vice president now owns 8,741 shares of the company's stock, valued at $1,001,631.19. This trade represents a 18.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicolas Catoggio sold 5,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $116.50, for a total value of $582,500.00. Following the transaction, the chief executive officer now owns 55,501 shares of the company's stock, valued at approximately $6,465,866.50. This represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,096 shares of company stock valued at $4,129,355 in the last ninety days. 11.40% of the stock is currently owned by corporate insiders.
Post Profile
(
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.
Further Reading
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