Corebridge Financial Inc. trimmed its position in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,577 shares of the company's stock after selling 2,404 shares during the quarter. Corebridge Financial Inc. owned 0.09% of Post worth $6,132,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Hennessy Advisors Inc. bought a new stake in Post during the 4th quarter worth approximately $56,864,000. Raymond James Financial Inc. acquired a new position in shares of Post in the fourth quarter valued at approximately $36,751,000. Holocene Advisors LP increased its position in shares of Post by 21.0% during the third quarter. Holocene Advisors LP now owns 1,405,298 shares of the company's stock worth $162,663,000 after acquiring an additional 244,221 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 period. Finally, National Bank of Canada FI lifted its position in Post by 2,907.7% in the 3rd quarter. National Bank of Canada FI now owns 68,125 shares of the company's stock valued at $7,885,000 after acquiring an additional 65,860 shares in the last quarter. 94.85% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Piper Sandler increased 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 increased their price objective on Post from $116.00 to $122.00 and gave the stock an "equal weight" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Post presently has an average rating of "Moderate Buy" and an average price target of $127.17.
View Our Latest Report on Post
Post Stock Up 0.6 %
Shares of Post stock traded up $0.67 during trading hours on Tuesday, reaching $117.03. 431,354 shares of the company's stock were exchanged, compared to its average volume of 525,003. The stock has a market cap of $6.61 billion, a P/E ratio of 19.28 and a beta of 0.65. The company has a 50 day moving average of $111.48 and a two-hundred day moving average of $112.72. The company has a current ratio of 2.39, a quick ratio of 1.64 and a debt-to-equity ratio of 1.78. Post Holdings, Inc. has a fifty-two week low of $99.62 and a fifty-two week high of $125.84.
Post (NYSE:POST - Get Free Report) last posted its quarterly earnings results 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%. On average, sell-side analysts forecast that Post Holdings, Inc. will post 6.41 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director David W. Kemper sold 8,939 shares of Post stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $110.75, for a total transaction of $989,994.25. Following the completion of the transaction, the director now owns 29,722 shares in the company, valued at approximately $3,291,711.50. This trade represents a 23.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bradly A. Harper sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total value of $229,180.00. Following the completion of the sale, the senior vice president now owns 8,741 shares in the company, valued at $1,001,631.19. This represents a 18.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,096 shares of company stock worth $4,129,355. Insiders own 11.40% of the company's stock.
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.
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