Federated Hermes Inc. Sells 13,461 Shares of Post Holdings, Inc. (NYSE:POST)

Federated Hermes Inc. cut its holdings in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 53.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,950 shares of the company's stock after selling 13,461 shares during the period. Federated Hermes Inc.'s holdings in Post were worth $1,368,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of POST. Retirement Systems of Alabama raised its position in Post by 4.7% in the third quarter. Retirement Systems of Alabama now owns 102,173 shares of the company's stock worth $11,827,000 after acquiring an additional 4,606 shares during the period. Miracle Mile Advisors LLC bought a new position in Post in the 4th quarter worth $946,000. Truist Financial Corp lifted its position in Post by 4.2% during the fourth quarter. Truist Financial Corp now owns 2,781 shares of the company's stock valued at $318,000 after purchasing an additional 113 shares in the last quarter. Tidal Investments LLC bought a new stake in Post during the third quarter valued at about $733,000. Finally, Oddo BHF Asset Management Sas purchased a new stake in Post in the third quarter worth about $2,048,000. 94.85% of the stock is currently owned by institutional investors.

Post Price Performance

Shares of POST stock traded up $0.19 during mid-day trading on Friday, hitting $115.01. The company had a trading volume of 477,291 shares, compared to its average volume of 545,070. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.39 and a quick ratio of 1.64. The stock's 50 day moving average price is $114.11 and its 200-day moving average price is $112.82. Post Holdings, Inc. has a 52-week low of $99.70 and a 52-week high of $125.84. The company has a market capitalization of $6.50 billion, a P/E ratio of 18.95 and a beta of 0.52.

Post (NYSE:POST - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.49 by $0.24. Post had a net margin of 4.94% and a return on equity of 10.48%. Equities research analysts forecast that Post Holdings, Inc. will post 6.41 earnings per share for the current year.

Insider Transactions at Post

In other news, SVP Bradly A. Harper sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $114.59, for a total transaction of $229,180.00. Following the sale, the senior vice president now directly owns 8,741 shares in the company, valued at approximately $1,001,631.19. This represents a 18.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $989,994.25. Following the completion of the transaction, the director now owns 29,722 shares of the company's stock, valued at approximately $3,291,711.50. This represents a 23.12 % 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 in the last ninety days. Corporate insiders own 11.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on POST. Piper Sandler lifted their price objective on Post from $120.00 to $140.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Wells Fargo & Company lifted their price target on shares of Post from $122.00 to $124.00 and gave the company an "equal weight" rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $127.50.

Post Profile

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.