First Trust Advisors LP Sells 49,275 Shares of Post Holdings, Inc. (NYSE:POST)

First Trust Advisors LP decreased its holdings in shares of Post Holdings, Inc. (NYSE:POST - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,376 shares of the company's stock after selling 49,275 shares during the quarter. First Trust Advisors LP owned 0.30% of Post worth $20,188,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC raised its position 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 purchasing an additional 213 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Post in the fourth quarter valued at approximately $54,000. Eagle Bay Advisors LLC bought a new position in Post in the 4th quarter valued at approximately $75,000. Versant Capital Management Inc boosted its position in Post by 71.3% during the 4th quarter. Versant Capital Management Inc now owns 930 shares of the company's stock worth $106,000 after buying an additional 387 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in Post by 6.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,699 shares of the company's stock worth $194,000 after acquiring an additional 103 shares during the last quarter. 94.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on POST. Piper Sandler raised their price target on shares of Post from $120.00 to $140.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Wells Fargo & Company raised their target price on Post from $122.00 to $124.00 and gave the stock an "equal weight" rating in a research 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 stock. Based on data from MarketBeat, Post presently has an average rating of "Moderate Buy" and an average price target of $127.50.

Insider Activity

In other news, SVP Bradly A. Harper sold 2,000 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 8,741 shares of the company's stock, valued at $1,001,631.19. This represents a 18.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Diedre J. Gray sold 15,157 shares of Post stock in a transaction on Friday, February 21st. The shares were sold at an average price of $115.80, for a total transaction of $1,755,180.60. Following the completion of the sale, the chief accounting officer now directly owns 19,325 shares of the company's stock, valued at approximately $2,237,835. The trade was a 43.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,096 shares of company stock worth $4,129,355 in the last quarter. 11.40% of the stock is owned by corporate insiders.

Post Stock Performance

Shares of Post stock opened at $112.86 on Friday. The business has a 50-day moving average price of $114.37 and a two-hundred day moving average price of $112.83. Post Holdings, Inc. has a 1-year low of $99.70 and a 1-year high of $125.84. The company has a current ratio of 2.39, a quick ratio of 1.64 and a debt-to-equity ratio of 1.78. The company has a market cap of $6.37 billion, a P/E ratio of 18.59 and a beta of 0.52.

Post (NYSE:POST - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.73 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, analysts anticipate that Post Holdings, Inc. will post 6.41 EPS for the current year.

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.

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